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snow_lady [41]
3 years ago
12

What does 1/4 of a can of coffee cost if 4 cans of coffee costs $2.40?

Business
1 answer:
harkovskaia [24]3 years ago
3 0
In this item, we calculate first for the price of each can of coffee by dividing the cost by the number of cans of coffee.

        Price per can = cost / total number of cans of coffee
        price per can = ($2.40) / 4 = $0.6/can

To compute for the price of the 1/4 can, multiply the price by can by 1/4.
       price of 1/4  can of coffee = (1/4 can)($0.6/can)
       price of 1/4 can of coffee= $0.15

Therefore, the 1/4 can of coffee will cost only $0.15.
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Coal Train Mines paid $435000 for the right to extract ore from a 225000​-ton mineral deposit. In addition to the purchase​ pric
Nutka1998 [239]

Answer:

Coal Train Mines

Journal Entries:

A) Record the purchase of the mineral rights.

Date            Accounts               Debit          Credit

         Mineral Rights             $435,000

         Cash Account                                   $435,000

To record the purchase of the mineral rights.

B) Record the payment of fees and other costs.

Journal

Date Accounts                        Debit             Credit

        Fees and other costs    $71,250

        Cash Account                                      $71,250

To record $115 filing fee, $2,000 license fee, and $69,135 for geological survey.

C) Record the depletion for first-year production.

Journal

Date       Accounts                   Debit         Credit

Dec 31    Depletion Expense  $101,250

               Accumulated Depletion             $101,250

To record the depletion charge for the year.

D) Record the sales of ore.

Journal

Date    Accounts             Debit        Credit

           Cash                    $

           Sales Revenue                     $

To record the sale of 45,000 tons of ore

Explanation:

a) Depletion is an accrual accounting technique.  It allocates the cost of extracting natural resources such as timber, minerals, and oil from the earth by using the percentage of extracted resources over the total resources.  Depletion is a non-cash expense, like depreciation and amortization, that lowers the cost value of an asset incrementally through scheduled charges to the income statement.  While depletion is for natural resources, depreciation is for property, plant, and equipment, while amortization is used for intangible assets.

b) The total cost to be capitalized = $506,250 ($435,000 + $71,250)

c) Depletion charge for the first year = $101,250 (45,000/225,000 * $506,250).  Depletion per unit is $2.25

d) The selling price was not indicated, so no sales value was calculated.

e) Ending Inventory = $6,750 (48,000 - 45,000 * $2.25)

3 0
3 years ago
Consider the following list of accounts:
elena-s [515]

Answer:

C) Six.

Explanation:

As we already know that

The expenses, assets, losses, dividend contains a debit balance while on the other hand, the liabilities, revenues, revenues, gains, stockholder equity contains credit balance

If there is an increase in a debit balance account then it always shown in the debit side itself and vice versa

And, the same is applied for credit balance  

Therefore, the accounts which have a  normal debit balance are cash, utilities expense, salaries expense, account receivable, equipment, and the dividend

5 0
3 years ago
Ethical decisions often need to be made within gray areas. for example, should an isp comply with a request from a government fo
IRINA_888 [86]

It is conducted by the Electronic Communications Privacy Act (ECPA) and the Patriot Act, but the ECPA originally set up protections (such as a warrant requirement) to protect email, those protections have been weakened in many instances by the Patriot Act. It reduce their status as a protected communication in 180 days, then the email can be access by simple subpoena. 

8 0
3 years ago
Everything else held constant, when prices in the art market become more uncertain:______.
Ira Lisetskai [31]

the demand curve for the bonds shifts to the left and the interest rate rises

when the market is volatile , then the risk associated with the bond is very high . there is an inverse relation ship between risk and demand. when the risk is high, the demand for the bond decrease and the demand curve shifts to the left. also there is an inverse relation ship between the demand and interest rate. hence, when the demand decrease , the interest rate on the bond rises

the explanation for correct option because of an inverse relationship between the risk demand and demand interest rate, the interest rate cant fall when the demand curve shift to the left and when the risk is high , the demand curve shifts to the left only, not to the right .

Learn more about demand curve here.

brainly.com/question/28203108

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8 0
2 years ago
The budget components for Park Company for the quarter ended June 30 appear below. Park sells trash cans for $12 each. Budgeted
Dmitry [639]

Answer:

$96,000

Explanation:

Production  26,000 units

<u>Materials Purchase Budget</u>

Production Materials Required  (5×26,000 units)     130,000

Add Budgeted Closing Materials (50,000×20%×5)   50,000

Total Materials                                                             180,000

Less Budgeted Opening Inventory (4,000×5)          (20,000)

Budgeted Materials                                                     160,000

Material Cost per pound                                                $0.60

Total Material Cost                                                      $96,000

Therefore, the materials purchases budget will be for the month ending April 30 will be  $96,000.

7 0
3 years ago
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