Question

Note: The questions are complete the way they are. No extra information was provided. The figures are all you need to answer the questions. Please, help!

Show transcribed image text

Shipping Costs on Different Routes Shipping costs per barrel (in US dollars) Exchange rate for 1 US dollar Great British Yen Euro Pounds Route 1 Route 2 Route 3 Route 4 Year 1 2.29 3.25 1.83 2.22 99.60 0.50 Year 2 2.16 2.65 1.57 2.58 97.32 0.65 0.74 0.74 0.69 Year 3 3.32 4.04 2.11 3.29 90.22 0.66 Year 4 1.41 1.66 0.98 2.62 80.91 0.71 0.62 Year 5 1.82 2.00 1.24 1.81 82.49 0.75 0.63 In Year 5, what was the cost in US dollars for shipping 12,000 barrels on Routes 3 and 4 if the ratio of shipments on those routes was 2:37 A. 16,392 US dollars B. 17,616 US dollars C. 19,984 US dollars D. 19,762 US dollars E. 20,388 US dollars Chemical Sales Volumes for 3 Years (in Thousand Tonnes) Conversion 1 Dollar - 0.75 Euros Region 1 1 Euro- 1.33 Dollars Region 2 Year 1 4,360 2,655 1,765 2,419 3,207 2,784 405 164 9,737 8,022 Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Year 3 4,200 2,589 2.024 3,104 4,087 3,045 328 104 10,639 8,842 Year 5 3,950 2,402 2,105 3,216 3,465 3,187 Region 3 297 Region 4 108 9,817 8,913 Total If Base Chemicals in Region 1 sell for 92 Euros per tonne, what were total sales for Base Chemicals in Region 1 worth in Dollars in Year 1 to the nearest 10 Million? A. 280 Million Dollars 8.530 Million Dollars C. 620 Million Dollars D. 740 Million Dollars Chemical Sales Volumes for 3 Years (in Thousand Tonnes) Conversion 1 Dollar 0.75 Euros Region 1 1 Euro = 1.33 Dollars Region 2 Year 1 4,360 2,655 1,765 2,419 3,207 2,784 405 164 9.737 8,022 Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Region 3 Year 3 4,200 2,589 2,024 3,104 4,087 3,045 328 104 10,639 8,842 Year 5 3,950 2,402 2,105 3,216 3,465 3,187 297 108 9,817 8,913 Region 4 Total What was the percentage change in Base Chemical sales for Regions 1 and 3 combined from Year 3 to Year 57 A. 1.32% B. 6.44% C. 10.52% D. 14.56% E. 17.54% Conversion 1 Dollar - 0.75 Euros Region 1 1 Euro- 1.33 Dollars Region 2 Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Region 3 Year 1 Year 3 4,360 4,200 2,655 2,589 1,765 2,024 2,419 3,104 3,207 4,087 2,7843,045 405 328 164 104 9,737 10,639 8,0228,842 Year 5 3,950 2,402 2,105 3,216 3,465 3,187 297 Region 4 108 Total 9,817 8,913 If Base Chemicals from Region 4 sold for 120,000 Dollars per thousand tonnes in Year 1 and Derivatives sold for 130,000 Dollars per thousand tonnes in that same year, how much would sales have been worth in Euros? A. 50.56 Million Euros B. 52.44 Million Euros o C. 54.12 Million Euros D. 93.23 Million Euros E. 96.21 Million Euros Chemical Sales Volumes for 3 Years (in Thousand Tonnes) Conversion 1 Dollar = 0.75 Euras Region 1 1 Euro = 1.33 Dollars Region 2 Year 1 4,360 2,655 1,765 2,419 3,207 2,784 405 Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Derivatives Base Chemicals Denvatives Base Chemicals Derivatives Year 3 Year 5 4,200 3,950 2,589 2.402 2,024 2,105 3,104 3,216 4,087 3,465 3,045 3,187 328 297 104 108 10,639 9,817 8,8428,913 Region 3 Region 4 164 Total 9,737 8,022 If the rate of sales of Base Chemicals in Region 3 decreased at the same rate from Year 5 to Year 7 as it did from Year 3 to Year 5, how much would be made in Year 7 in Dollars to the nearest Million Dollars, assuming that 1 tonne sells for 122 Dollars? A. 224 Million Dollars B. 252 Million Dollars C. 284 Million Dollars D. 347 Million Dollars E. 358 Million Dollars Expenditure on exploration activities for the major oil companies (millions $) Company A Company B Company C Company D Upstream Downstream Other Year 1 12,987 3,064 835 16,886 16,285 3,539 20.017 19.432 4,355 280 24,068 14,199 17,540 Year 2 13,923 5.385 920 20,228 15,778 5,139 90 21,015 20,178 5,192 25,805 17,013 20,381 Year 3 21,782 6,501 1,802 30,086 19,785 6,402 115 26,305 30,394 6,171 36,818 19,546 2,823 700 24,160 Year 4 14,598 4,032 1,273 19,903 20.750 6,298 90 27,254 21,277 6,278 207 27,842 19,577 3,529 454 23,559 Year 5 17,398 3,948 1,209 22,556 27,373 4.774 241 32,388 23,439 4,749 99 28,287 20,227 2.545 335 23, 107 If spending on Upstream exploration increased at the same rate each year as between Year 4 and Year 5, what would the proportion of spending on Upstream exploration have been in Year 6 by Company B? A. 35.00% B. 90.00% C. 90.58% D. 95.00% E. Cannot Say Expenditure on exploration activities for the major oil companies (millions $) Company A Company B Company C Company D Upstream Downstream Down stream Other Downstream Total Upstrea Other Upstrea Moa Other Total 2.589 Year 1 12,987 3,064 835 16,886 16,285 Year 2 13,923 5,305 920 20,228 15,770 5,139 Year 3 21,782 6,501 1,802 30,086 19.788 6,402 Year 4 14,598 4,032 1,273 19,903 20,750 6,390 20,017 19,432 4,355 280 24,068 14,199 90 21,015 20,170 5,192 135 25,805 17,013 115 26,305 20,394 6,171 253 36,818 19,545 90 27,254 21,277 6,270 287 27,942 19,577 17,546 3,345 20,381 2,023 3,529 454 23,559 24,160 Year 5 17,398 3,948 1,209 22,556 27,373 4.774 241 32,388 23,439 4,749 99 28,287 20,227 2,545 335 23, 107 What was the approximate ratio of the combined Upstream and Downstream spend of Company A in Year 1 compared to Year 3? OOO A. 4:1 B. 4:7 C. 4:6 E. 1:2

Answer 1

Ans 1) Let the number of barrels be x.

Ratio of shipments of routes 3 and 4= 2:3

Number of barrels to be shipped= 12000

Therefore, 2x+3x=12000

which implies, 5x = 12000

which implies, x = 12000/5

therefore, x= 2400.

therefore, the number barrels shipped on route 3 = 2x= 2*2400 = 4800

the number barrels shipped on route 4 = 3x= 3*2400 = 7200

shipping cost per unit barrel on route 3 = 1.24 US dollars

shipping cost per unit barrel on route 4 = 1.81 US dollars

Therefore, cost in shipping 12000 barrels = (1.24 * 4800) + (1.81 * 7200) = 5952+ 13032= 18984 US dollars

So the answer is option C.

Ans 2) Base Chemicals in Region 1 sell for = 92 Euros per tonne

Volumes of chemical sold in Region 1 and year 1 = 4360 thousand tonnes = 43,60,000 tonnes

therefore, total sales in euros= 92* 4360000= 40,11,20,000 Euros.

since, 1 Euro = 1.33 dollars,

total sales in dollars = 401120000* 1.33= 53,34,89,600‬ dollars = 530 million dollars

So the answer is option B.

Ans 3) total base chemicals sales for Regions 1 and 3 combined in year 3 = 4200+4087 = 8287

total  base chemicals sales for Regions 1 and 3 combined in year 5 = 3950+ 3465 = 7415

Change in base chemicals sales for Regions 1 and 3 combined from year 3 to year 5 = 8287-7415= 872

Therefore, percentage change = (872/8287)*100 = 10.52%

So the answer is option C.

Ans 4) Base chemicals from region 4 sold for 120,000 dollars per thousand tonnes in year 1

Volume of chemicals sold by Base Chemicals in Year 1 in region 4= 405 thousand tonnes

derivatives from region 4 sold for 130,000 dollars per thousand tonnes in year 1

Volume of chemicals sold by Derivatives in Year 1 in region 4= 164 thousand tonnes

Therefore sales in Dollars= 120,000*405 + 130,000*164 = 4,86,00,000 + 2,13,20,000 = 6,99,20,000 dollars

since, 1 dollar = 0.75 Euros , so 6,99,20,000 dollars = 0.75*  6,99,20,000 = 5,24,40,000 euros.

so sales in euros = 5,24,40,000 euros = 52.44 million Euros

So the answer is option B.