Use the Information Below to Answer the Following Question(s)

question 42

Multiple Choice

Use the information below to answer the following question(s) .Blackoil Corp.has two divisions, Refining and Production.The company's primary product is Clean Oil.Each division's costs are provided below:
The Production Division is able to sell the oil to other areas for $24 per litre.The Refining Division has been operating at a capacity of 80,000 litres a day, using oil from the Production Division and oil purchased from other suppliers.The Refining Division usually purchases 50,000 litres of oil, on average, from the Production Division and 30,000 litres, on average, from other suppliers at $40/litre.
-What is the Production Division's operating income per 200 litres of oil reported under the 175% of variable costs method?

• A)$1,500
• B)$880
• C)$100
• D)$(100)
• E)$1,200

Understand the role of foreigners in the U.S. economy as creditors and owners in the 1980s.

Describe the components and significance of the balance of payments and its accounts.

Explain the impact of currency valuation/devaluation on international trade and investment.

Define the current account and capital account, and their relationship with the U.S. economy's performance.

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Definitions:

Social Dominance Orientation

A personal disposition characterized by the desire for one's in-group to dominate and be superior to out-groups.

Mortality

The state or condition of being subject to death; the opposite of immortality.

Worldview

The fundamental cognitive orientation of an individual or society encompassing natural philosophy, fundamental existential and normative postulates, or themes, values, emotions, and ethics.

Social Dominance Orientation

A personality trait which predicts social and political attitudes, characterized by a preference for hierarchy in social settings and dominance over lower status groups.