Answer:
b) a debit to Depletion Expense for $175,000
Explanation:
The computation of the depletion expense is shown below:
Depletion expense = (Purchase of mining rights × current year mined tons of ore) ÷ (expected harvested tons of ore)
= ($500,000 × 350,000 tons) ÷ (1,000,000 tons)
= $175,000
So the journal entry would be
Depletion Expense A/c Dr $175,000
To Accumulated Depletion A/c $175,000
(Being the depletion expense is recorded)
Answer:
option a 13.5%
Explanation:
Expected
Return Volatility
Value Stocks 0.12 14%
Growth Stocks 0.15 24%
<u>Solution</u>
Expected return on market portfolio = Weight of value stock * return of value stock + weight of growth stock * value of growth stock
Expected return on market portfolio = 0.5 * 0.12 + 0.5 * 0.15
Expected return on market portfolio = 0.06 + 0.075
Expected return on market portfolio = 0.135 or 13.5%
<h2>hey</h2>
okay you doing the 2nd level administration questions..
so what i do for you?
Answer: $47,032
Explanation:
To find the value plastic inc can afford to pay, we have to find the present value of the cost reductions.
The present value can be found using a financial calculator
Cash flow for year 1 = $35,000
Cash flow each year from year two to ten =$4,000
I = 15%
Pv = $47,031.6