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marshall27 [118]
3 years ago
9

Marcy owns land in north dakota under which deposits of oil shale are discovered. marcy sells the rights to the shale to oil min

ing inc. once the oil in the rock is removed, it will be considered​
Business
1 answer:
devlian [24]3 years ago
8 0
It will be considered as Personal Property. Personal Property can incorporate any benefit other than land. The recognizing factor between individual property and land is that individual property is versatile; that is, the benefit isn't settled for all time to one area as with genuine property, for example, land or structures. Cases of individual property incorporate vehicles, furniture, vessels, and collectibles.
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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Ivan
Alona [7]

Answer:

Requirement: Prepare the entry to record the sales transactions and related taxes.

1.   Date      Account Titles and Explanation     Debit     Credit

   Apr. 10   Cash                                                 $30,975

                        Sales Revenue                                          $29,500

                        Sales Tax Payable                                     $1,475

                 (To record Cash sales along with sales tax)

2. Date      Account Titles and Explanation    Debit     Credit

   Apr. 15   Cash                                                 $18,530

                        Sales Revenue                                          $17,000

                        Sales Tax Payable                                     $1,530

                  (To record Cash sales along with sales tax)

<u></u>

<u>Workings</u>

- Total Sales along with sales tax = $18,530, Sales Tax Rate = 9%. Sales Tax Amount = 18530*(0.09/1.09) = $1,530

- Sales Without Sales Tax = $18,530 - $1,530 = $17,000

7 0
3 years ago
Net income (in millions) $150 Shares outstanding (in millions) 300 Stock price $30.00 What is the price-earnings ratio (to the n
Aloiza [94]

Answer:

60

Explanation:

price-earnings ratio = price / earnings per share

earnings per share = net income / shares outstanding = $150 / 300 = $0.50

$30 / $0.50 = 60

3 0
3 years ago
What role do you think discipline plays in developing a child’s self-esteem? What forms of discipline best serve the self-esteem
PIT_PIT [208]
Discipline plays a role in teaching the child what's wrong and right in the world, and it helps the child interact with the public in an effective and safe manner. 
Some forms of discipline that best serve the self-esteem of the child are emotion coaching and boundary-based discipline. Emotion coaching is a process that involves teaching the child which emotions are which, and helps them self-identify if they angry, mad, or sad. Boundary-based discipline is discipline that is explicitly stated for the child to follow, where the consequences for each action the child makes are clearly stated so that they will learn what is wrong and what is right.
4 0
3 years ago
Look at the two tables below. What is the total surplus if Bob buys a unit from Carlos? If Barb buys a unit from Courtney? If Bo
makvit [3.9K]

Answer:

$13

$9

Explanation:

Total surplus is the sum of consumer surplus and producer surplus.

Consumer surplus is the difference between the willingness to pay of a consumer and the price he pays for the good.

Consumer surplus = willingness to pay - price of the good

Producer surplus is the difference between the least amount a seller is willing to sell his product and the price he sells the product.

Producer surplus = price of the good - least price the seller is willing to sell his product

Total surplus = consumer surplus + producer surplus

Total surplus = willingness to pay - price of the good + price of the good - least price the seller is willing to sell his product

Prices cancel out

Total surplus = willingness to pay - least price the seller is willing to sell his product

A. Total surplus = $18 - $5 = $13

B. Total surplus = $16 - $7 = $9

I hope my answer helps you

7 0
3 years ago
Both newspaper journalists and postal workers have been negatively affected by
AnnyKZ [126]
The answer is "A) the popularity of electronic communication and the Internet".
Electronic communication provides the convenience for people. It leads the conventional newspaper and mail substituted by the electric one. The newspaper has been substituted by the electronic news. The conventional mail has been substituted by<span> social media and e-mail.</span>
8 0
3 years ago
Read 2 more answers
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