Ask Question
BusinessBusiness
28 June, 07:08

3. BP's committing of$500 million to partnership with University of California-Berkeley to develop new sources of energy is a capital budgeting decision. a. True b. False

+2
Answers (1)
  1. 28 June, 07:24
    0
    True

    Explanation:

    A capital budgeting decision refers to how a business decides to invest money it already holds. Businesses decide how to invest their current assets anticipating the potential future revenues that those investments will yield.

    In this case, BP is investing $500 with the University of California-Berkeley probably as an sponsor of research projects (as part of R&D). Any potentially revenue generating project should then be shared by both the university and BP.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “3. BP's committing of$500 million to partnership with University of California-Berkeley to develop new sources of energy is a capital ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The credit portion of the adjustment for the depletion of a coal mine was credited to the coal mines account. what would this error cause?
Answers (1)
On January 1, 2020, Whispering Company purchased 12% bonds having a maturity value of $390,000, for $419,567.77. The bonds provide the bondholders with a 10% yield.
Answers (1)
A popular airline knows that, in general, 95% of individuals who purchase a ticket for a 10-seat commuter flight actually shows up for the flight
Answers (1)
During 2016, Frank Company incurred $200,000 in legal fees in defending a patent with a carrying value of $3,500,000 against an infringement. Farver's lawyers were successful with the defense of the patent. The legal fees should be
Answers (1)
Quarter Inc. is an Italian company that set up its ventures in the United States. It sells watches-designed and manufactured in Italy-in the United States. For the past few months, Quarter Inc.
Answers (1)
New Questions in Business
What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good.
Answers (1)
The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual number of direct labor hours worked was 10,500.
Answers (1)
Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. - You purchase a box of Belgium chocolate - Honda expands its factory in Ohio. - Your parents buy a new house from a local builder.
Answers (1)
Which of the following best represents the pricing behavior of firms in a monopolistically competitive industry? A) Unykdrugs, Inc.
Answers (1)
Ahmad just put some money into a CD that pays 11.3% interest, compounded semiannually. According to the rule of 72, in approximately how many years will he have 4 times the amount of money that he has now?
Answers (1)
Home » Business » 3. BP's committing of$500 million to partnership with University of California-Berkeley to develop new sources of energy is a capital budgeting decision. a. True b. False
Sign Up Forgot Password?