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
The wet dog surf company borrows $32,000 for 4 months and will pay $1,120.00 interest . calculate wet dog's annual percentage in
Hunter-Best [27]
The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
R=I÷pt
R=1,120÷(32,000×(4÷12))
R=0.105×100
R=10.5%
6 0
3 years ago
Read 2 more answers
In January 2020, the management of Sheridan Company concludes that it has sufficient cash to permit some short-term investments
monitta

Answer:

Sheridan Company

Adjusting Entries for reporting fair values of investments:

December 31, 2020:

Debit Investment in Muninger $333

Credit Unrealized Gains on Investment $333

To record the fair value of common stock investment.

Debit Unrealized Loss on Investment $700

Credit Investment in Tatman $700

To record the fair value of common stock investment.

Explanation:

a) Feb. 1, Muniger Common Stock  500 shares at $55  for $27,500

August 1, Sold                                  167 shares at $65 for  $10,855

December 31 Remaining at fair value, 333 shares at $56 for $18,648

Fair Value Gain = $1 x 333 shares = $333

b) Tatman Common Stock  700 shares for $17,500

March 1, Common Stock 700 shares at $25 for $17,500

December 31, Remaining at fair value, 700 shares at $24 for $16,800

Fair Value Loss = $1 x 700 = $700

c) Trading Investments are held for short-term purposes to take advantage of dividends and changes in the market price of the investments.  These securities are accounted for at fair value.  The requirement is that at the end of the accounting period, the fair value is determined and used to value the investment.  Unrealized Gains or Losses are recorded, depending on their fair values.  The gains or losses become realized when the investments are sold.

7 0
3 years ago
You have $13,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 13 percent and Stock Y with
kolezko [41]

Answer:

You should invest $8,970 in stock X and $4,030 in stock Y.

Explanation:

These can be estimated as follows:

PER = (ERX * wX) + (ERY * wY) ....................... (1)

Where,

PER = Portfolio expected return = 11.45%, or 0.1145

ERX = Expected return of X = 13%, or 0.13

ERY = Expected retun of Y = 8%, or 0.08

wX = Weight of X = ?

wY = Weight of Y = 1 - wX = ?

Substituting the values into equation (1), we have:

0.1145 = [0.13 * wX] + [0.08 * (1 - wX)]

0.1145 = 0.13wX + [0.08 - 0.08wX]

0.1145 = 0.13wX + 0.08 - 0.08wX

0.1145 - 0.08 = 0.13wX - 0.08wX

0.0345 = 0.05wX

wX = 0.0345 / 0.05

wX = 0.69

Since wY = 1 - wX

Therefore,

wY = 1 - 0.69

wY = 0.31

Total amount to invest = $13,000

Investment in stock X = Amount to invest * 0.69 = $13,000 * 0.69 = $8,970

Investment in stock Y = Amount to invest * 0.31 = $13,000 * 0.31 = $4.030

Therefore, you should invest $8,970 in stock X and $4,030 in stock Y.

6 0
3 years ago
What are two strategies for dealing with information overload?
Brilliant_brown [7]

Answer:

Letter d is correct. Filtering and withdrawal.

Explanation:

Information overload occurs when there is an excess of daily information, which is enhanced by the use of technologies whose information circulates in free demand and real time. In the organizational world, the use of information technologies has greatly facilitated work processes, data and indices have dramatically increased understanding of buying and selling behaviors, management and control, and internal and external communication. However, it is important to set limits so that there is not too much information, which instead of helping the processes, can confuse individuals, cause conflicts and even a loss of focus.

So the two strategies that best fit the control of information overload are filtering content so that you don't lose focus on what is really relevant to your daily work and withdrawal what is not relevant at the moment. By planning and managing information it is possible to establish greater control.

4 0
3 years ago
t the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock ($10 pa
choli [55]

Answer:

1. Required tabulation is the Shares Authorized, the Shares Issued and the Shares Outstanding

Shares Authorized = 290,000 shares

Shares Issued

= Total Cash Collected / Price per share

= 2,170,000 / 14

= 155,000 shares

Shares Outstanding

= Shares Issued - Treasury stock

= 155,000 - 5,000

= 150,000 shares

2. Additional paid in capital account

= Gain (loss) above par

Par value is $10 and Stock was sold for $14

= (14 - 10 ) * 155,000

= $620,000

3. Earnings per share

= Net Income/ Shares outstanding

= 297,000/150,000

= $1.98

4 0
3 years ago
Other questions:
  • Describe how you would use any five entrepreneurial qualities to make sure that your business is a success
    10·1 answer
  • Give examples of factors or criteria often used to determine higher wages for a particular job.
    15·1 answer
  • The Smith Company manufactures insulated windows. Costs for March were as follows. Direct labor $53,000 Indirect labor 18,000 Sa
    10·1 answer
  • ABC Company produces Product X, Product Y, and Product Z. All three products require processing on specialized finishing machine
    12·1 answer
  • When the price of penguin patties decreases by 5%, the quantity of flopsicles sold increases by 4% and the quantity of mookies s
    11·1 answer
  • On Jan 15th, Mr. White discovered that the net income for the previous year was understated by $60,000. Mr. Black tells Mr. Whit
    12·1 answer
  • Question 1 Multiple Choice Worth 10 points)
    12·1 answer
  • The export supply curve is the portion of the domestic supply curve below the no-trade equilibrium price. True or false
    8·1 answer
  • The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017.
    11·1 answer
  • What will be the resulting change in equilibrium of the chocolate bar market
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!