Answer:
Depletion $ 2,000,000 (debit)
Accumulated Depletion $ 2,000,000 (credit)
Explanation:
Salter Mining Company must use the Depletion Unit Method to provide for <em>usage</em> of Mine.
Depletion for the year = (Cost of Asset - Residual Value)/ Expected Total Contents in Units × Number of Units Taken During the Period
Thus Depletion for the year, = ( $91 million-$6.4 million)/ 1,880,000 tons × 60,000 tons
= $ 84,600,000 / 1,880,000 × 60,000
= $ 2,000,000
Bills accounting profit is
equals to revenue ($250,000) minus explicit (monetary) cost (50,000 and
30,000), while his economic profit is equals to accounting profit minus
implicit (opportunity) cost (3,000 and 100,000). Accounting profit is $170,000
and Economic profit is $67,000.
<span>Economic profit is always lower
than accounting profit because explicit costs and implicit costs are both
deducted to revenue. Implicit costs are cost that he should have earned if he
gives up his present resources. These costs are projected cost and are not yet
incurred.</span>
Answer:
c.Common Stock, $15,000, and Paid-In Capital in Excess of Par—Common Stock, $7,000
Explanation:
When common stocks are issued the cash is received so, it is debited because cash is an asset and assets have debit nature. On the other hand equity accounts are credited, which may include the common stock (at par) account and Add-in-capital excess of par common stock ( if the stocks are issued over par value ).
Common Stocks = 1,000 x $15 = $15,000
Paid-In Capital in Excess of par = 1,000 x ( $22 - $15 ) = $7,000
If you wanted to purchase ownership interests in diversified portfolios of investments which type of financial product provider should you contact a mutual fund.
In order to invest in securities such as stocks, bonds, money market instruments, and other assets, mutual funds aggregate the funds from shareholders. Professional money managers run mutual funds, allocating the assets and attempting to generate capital gains or income for the fund's investors. The portfolio of a mutual fund is set up and kept up to date in accordance with the specified investment goals in the prospectus. Small or individual investors have access to professionally managed portfolios of stocks, bonds, and other securities through mutual funds. As a result, each shareholder shares proportionately in the fund's profits or losses.
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Answer:
The consumer buying process begins when consumer recognize that they an unsatisfied need.
