Answer:
$1,464,000
Explanation:
The computation of the depletion expense is shown below:
Purchase price plus additional cost = $5,640,000
Extracted tons during four year period = 940,000 tons
Current year tons extracted = 244,000 tons
So,
Depletion expense = Purchase price plus additional cost ÷ extracted tons during four year period × current year tons extracted
= $5,640,000 ÷ 940,000 tons × 244,000 tons
= $1,464,000
Answer:
<em>Sole proprietorship</em>
Explanation:
Judy has realized that she does not like working for others . She wants to open a business in which she will have maximum control and the least fro, government regulations . <u>Sole proprietorship</u> is best suited for Judy's needs.
<em>Sole proprietorship is the form of business in which a single person is responsible for all the decisions , that single person have full control over the business . </em>
Sole proprietorship is the form of business which is easy to form with no legal formalities. There is a secrecy in Sole proprietorship . In Sole proprietorship the interference of the government is minimum .Sole proprietorship facilitate quick decision making as he /she does not need to concern with others. In the sole proprietorship , the individual need not share his profit with other person . The overhead cost in Sole proprietorship is less.
In you need not to work under anyone, you just need to open it and run according to you , you have full control over it , as no one can say anything to you .
Answer:
Additional paid in capital in excess of par value is any amount of money received through issuing stocks at a higher value than par:
additional paid in capital = ($47 - $5) x 12,000 stocks = $42 x 1,200 = $504,000
Additional paid in capital does not affect retained earnings, so retained earnings should remain unchanged.
Answer:
A) Increase by 50 million
Explanation:
A is correct.
Below is the current account balance calculation
CA = Sp -I + (T-G- R)
CA stands for Current account balance
Sp stands for Private sector savings
I is Investments, T = Taxes
G represents government spending's, whereas R = Transfers
CA = -25-(-25) + ( 100-50-0 ) = 50, increase by 50 million euro
<u>Answer:</u> The rate of interest per year is 18.49 %.
<u>Explanation:</u>
To calculate the rate of interest, we use the equation:
where,
Interest paid = $ 53.95
Amount borrowed = $ 700
Rate of interest = ?
Time = 5 months = 
(Conversion factor: 1 yr = 12 months)
Putting values in above equation, we get:
Hence, the rate of interest per year is 18.49 %.
