1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zhannawk [14.2K]
3 years ago
8

Tamarisk, Inc. purchased for $7.5860 million a mine that is estimated to have 37.93 million tons of ore and no salvage value. In

the first year, 7.23 million tons of ore are extracted.
Calculate depletion cost per unit.
Business
1 answer:
sdas [7]3 years ago
5 0

Answer:

$1.446 million

Explanation:

Depletion cost per unit = (Total ore extracted in the first year / total amount of ore ) x cost of mine

(7.23 million/ 37.93 million ) x $7.5860 million = $1.446 million

I hope my answer helps you

You might be interested in
A marketing concept is a plan on how to market a product of service to consumers.
kkurt [141]
I believe the answer could be TRUE correct me if im wrong and i hope its right and i just wanna be a good friend too you by answering this dawg!!!
5 0
3 years ago
"tractor is a modern tool of agriculture".justify this statement with suitable example​
Elenna [48]

Answer:

Tractors are the king among different farm equipment. They are the main workhorse of any modern farm. They provide the power and traction necessary to mechanize agricultural tasks. ... There are different types of tractors in the market, varying in size and capacity.

Explanation:

3 0
2 years ago
A company with 110,000 authorized shares of $8 par common stock issued 49,000 shares at $13. Subsequently, the company declared
Jet001 [13]

Answer:

$29,400

Explanation:

The company will distribute dividends only to outstanding shares, since the number of outstanding shares is not specified, we should assume that all the 49,000 shares issued are outstanding shares. The company declared a 2% dividend, so we must multiply the current value of the stock times 2% = $30 x 2% = $0.60 per share.

The total amount distributed was 49,000 outstanding shares x $0.60 per share = $29,400

8 0
3 years ago
how would a significant increase in consumption and economic activity among a nations consumers affect the nation economy
jeka57 [31]

When consumption increases, factories produce more, consequently having to expand, when they expand they hire new employees, meaning that more people have money to buy more things and boost the market.

It is almost like the balance of an ecosystem, if everything works well, the tendency is to continue improving

7 0
3 years ago
During 2019, Globe Life Corporation had following transactions affecting stockholders' equity: a. Feb. 1 Repurchased 230 shares
natali 33 [55]

Answer:

The requirement of question is prepare journal entries for each of above transaction; It is assumed that par value of each share is $1

Explanation:

Feb 1.

Common Stocks  230*1                           Dr.$230

Paid in capital in excess of par 230*(22-1)  Dr.$4,830

Cash 230*22                      Cr.$5,060

b. Jul 15

Cash 130*23    Dr.$ 2,990

Common Stocks 130*1     Cr.$130

Paid in capital  in excess of par 130*(23-1) Cr.$2,860

c.Oct 1

Cash 100*21             Dr.$2,100

Common Stocks 100*1            Cr.$100

Paid in Capital in excess of par 100*(21-1) Cr.$2,000

5 0
3 years ago
Other questions:
  • QUICKEST AND BEST ANSWER GETS A FOLLOW AND BRAINLIEST
    15·1 answer
  • In economics, what is logrolling?
    10·1 answer
  • The cost principle relates most closely to the ______.
    13·1 answer
  • You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and
    13·1 answer
  • Difference between uninsurable and insurable risks
    15·2 answers
  • An economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionar
    9·1 answer
  • Which type of office machine scans each page of a document, translates the information into electronic impulses, and transmits t
    12·1 answer
  • When referring to student loans, what is a grace period? A)The time period between graduating college and starting your first jo
    7·1 answer
  • Which applicants would be best qualified for the jobs based on educational level?
    14·2 answers
  • Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!