Answer:
1. $1,700,000
2. $250,000
3. $1,450,000
Explanation:
Given that,
Depletion for each ton of ore mined = $2
Ore mined during 2016 = 850,000 tons
Ore sold during 2016 = 725,000 tons
1. Accumulated depletion:
= Ore mined during 2016 × Depletion for each ton of ore mined
= 850,000 tons × $2
= $1,700,000
2. Inventory:
= (Ore mined during 2016 - Ore sold during 2016) × Depletion for each ton of ore mined
= (850,000 tons - 725,000 tons) × $2
= 125,000 tons × $2
= $250,000
3. Cost of goods sold:
= Ore sold during 2016 × Depletion for each ton of ore mined
= 725,000 tons × $2
= $1,450,000
Answer and Explanation:
B. The firm's registration and its representatives' registrations lapsed after December 31st of the preceding year
Answer:
The correct answer is D. Retail.
Explanation:
Retail is the sale to the final consumer of goods and services. It is a sector formed by different branches (such as the food industry, the fashion industry, the home industry, etc.), which constitutes the last link in the supply chain that goes from the manufacturer to the consumer, it is In other words, it is the culmination of the process of production of goods and services, when they reach the consumer. This sale is usually carried out in stores, supermarkets, pharmacies, internet platforms and any other place where goods and services can be offered to final recipients.
