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
liraira [26]
3 years ago
11

A company purchased a tract of land for its natural resources at a cost of $1,544,800. it expects to mine 2,020,000 tons of ore

from this land. the salvage value of the land is expected to be $252,000. the depletion expense per ton of ore is:
Business
1 answer:
Tasya [4]3 years ago
5 0

The gradual decrease in the value of natural resource is called depletion. The deplection expense is calculated on the cost net off salvage value.

Depletion expense per ton of ore=\frac{(Cost of resource - salvage value)}{Expected Mine}                                                          =\frac{(1544800-252000)}{2,020,000}                                                         =$0.64

Therefore, Depletion expense per ton of ore would be $0.64 per ton of ore.

You might be interested in
Russell was determined to make a big change in the thought process behind police officer roles in communities. What were some of
harkovskaia [24]

Explanation:

Area = Area of sides + area of semicircle thing

= (2*0.21*0.31) + (2*0.31*0.61) + (0.21*0.61) + ( 3.14*0.105*0.61) + (3.14*0.105*0.105) = 0.872 m^2

Total area = 0.872 *1106 =964.43 m^2

Answer =965 m^2

8 0
3 years ago
In two or three sentences, describe the labor market.
Gelneren [198K]
I think the labor market is the nominal market in which workers find paying work, employers find willing workers, and wage rates are determined. 
3 0
3 years ago
Read 2 more answers
Who is John Kulczyk ?
denpristay [2]
Are you sure about the name of this guy? I have found much information about Jan Kulczyk who was <span>Poland's richest individual. If you want, I may personally drop you a link about him. 
</span>

7 0
3 years ago
Hiring decisions at Maarja's Razors are made by Maimu Maarja, the Director of Human Resources. Pay rates are approved by the Vic
barxatty [35]

Answer:

Effective

Explanation:

Segregation of duties (SOD) is an essential part of the effectiveness of internal controls for any business. This integral separation ensures that key processes are performed by more than one person to prevent fraud or financial misstatement. While technology continues to become more sophisticated, the time is now to implement controls that segregate key functions within processes such as cash disbursements, investments, payroll, and many other areas.

Maarja's Razors is implementing effectively the segregation of duties. Key processes are performed by more than one person, and this helps in flexibility of operations.

4 0
3 years ago
Read 2 more answers
Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are c
S_A_V [24]

Answer:

Net income = $76,000

Earning per share (EPS):

Income from continuing operations per share = $4.40 per share

Loss from discontinued operations per share = -$3.64 per share

Net Income per share = $0.76 per share

Explanation:

Note: See the attached excel file for the income statement.

Also Note: Two years (2016 and 2018) were mistakenly mentioned in the question instead of just one of them. I therefore picked 2016 to prepare the income statement.

In the attached excel file, the earning per share (EPS) is calculated as follows:

Number of shares outstanding = 100,000 shares

Income from continuing operations per share  = Income from continuing operations / Number of shares outstanding = $440,000 / 100,000 = $4.40 per share

Loss from discontinued operations per share = Loss from discontinued operations / Number of shares outstanding = -$364,000 / 100,000 = -$3.64 per share

Net Income per share = Net Income / Number of shares outstanding = $76,000 / 100,000 = $0.76 per share

Download xlsx
5 0
3 years ago
Other questions:
  • When executives from competing firms meet to decide which of them will submit the lowest bid on a contract, they are indulging i
    9·1 answer
  • Fizzy Cola acquired 45% of the voting stock of National Bottlers on January 1, 2017, at a cost of $55,000,000, an amount equal t
    5·1 answer
  • Basic FLows, Equivalent Units
    11·1 answer
  • An oral auction has bidders willing to pay $4, $6, $9, $12, $13, and $15 for an item. The winning bidder will pay a little more
    12·1 answer
  • A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provid
    12·1 answer
  • a. The consumption schedule directly relates consumption to saving. b. consumption to the level of disposable income. c. disposa
    5·1 answer
  • Find four rational numbers between 2/3 and 3/4 plz help tomorrow is my exam​
    14·2 answers
  • Straight-line depreciation is the simplest depreciation method because it assumes assets lose value evenly throughout their live
    6·1 answer
  • Progressivism dbq where will you put your million dollars answers
    10·1 answer
  • The __________ system is a free online service that allows employers to check the legal status of their employees.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!