How much would software c cost

Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. Santa Fe paid $429,000 for extrac

givi [52]

Answer:

cost depletion expense = $128700

so correct option is B. $128,700

Explanation:

given data

paid = $429,000

recover = 6,500 pounds

extracted = 1,950 pounds

sold = $277,000

to find out

cost depletion expense

solution

we get here cost depletion expense that is express as

cost depletion expense = $\frac{paid}{recover}$ × extracted ...........1

put here value we get

cost depletion expense = $\frac{429000}{6500}$ × 1950

cost depletion expense = $66 × 1950

cost depletion expense = $128700

so correct option is B. $128,700

5 0

3 years ago

Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear below. The compan

CaHeK987 [17]

Answer:

1) Gross margin percentage = Gross margin / Net Sales

= $28,000 / $70,000

= 0.40

= 40%

2) EPS = Net earning available to common stockholders / Number of common stocks

EPS = $5,454 / 500 shares

EPS = 10.91

3) Price earning ratio = Market value / EPS

Price earning ratio = $27 / 10.91

Price earning ratio = 2.48

4) Dividend payout ratio = $375 / $5,454

= 0.068

= 6.9%

5) Dividend yield ratio = Dividend per share / Current price

= 0.75 / $27

= 0.02777778

= 2.8%

6) Return on total asset = Net income / Average total asset

= $5,514 / {($74,678 + $68,659) / 2}

= $5,514 / $71668.5

= 0.0769376

= 7.7%

7) Return on common stock holder equity = Net income / Average common stockholder equity

= $5,514 /{ {($45,178 - $1,000) + ($40,099 - $1,000)} / 2}

= $5,514 /{($44,178) + ($39,099) / 2}

= $5,514 / $41638.5

= 0.13242552

= 13.2%

8)Book value per share = Common stockholder equity / Number of common stock equity

= $44,178/ 500

= $88.36

3 0

4 years ago

the southern division of knucklehead company has a return on investment of 15% and an investment turnover of 1.2 what is the pro

lutik1710 [3]

The profit margin of the Southern division of Knucklehead Company is 12.5%.

<h3>What is meant by profit margin?</h3>

Profit margin evaluates how much of each dollar in sales or services your company retains from its earnings and is stated as a percentage. When the net income of the business is divided by the net sales or revenue, the result is the profit margin. Profit margin is calculated as profit multiplied by revenue.

There is a net profit margin as well as a larger gross profit margin (smaller). A bigger profit margin is always preferred because it indicates that the business makes more money from its sales. Profit margins indicated in percentage, however, might differ by industry. Retail businesses may have lower profit margins than growth companies, but they make up for this with bigger sales volumes.

A division's return on investment (ROI) = profit margin x investment turnover.

Given:

0.15 = profit margin x 1.20.

Profit margin = 0.15 / 1.2 = 0.125

So, 0.125 x 100 = 12.5%

To learn more about profit margin, visit:

brainly.com/question/13412841

#SPJ1

8 0

1 year ago

When Jack was hired in 2011 at Ford Motor Company, he was offered $14 an hour. His best friend Sam started at the same plant doi

TiliK225 [7]

Answer:

This is an example of pay rise!

I hope this helps you!

8 0

4 years ago

Since 1999, which Central Asian country has been the world's largest producer of opium?

BigorU [14]

Answer:

The correct answer is: Afghanistan.

Explanation:

Afghanistan is considered the world's largest opium producer since the end of the twentieth century. Unfortunately, the proceeds of the production have mostly gone to illegal activities. It s estimated that over ninety percent (90%) of Afghanistan's opium crop goes to illicit heroin production worldwide.

5 0

4 years ago