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3 years ago

If a mining company extracts 1,500,000 tons in a period but only sells 1,200,000 tons,

Business

1 answer:

skad [1K]3 years ago

4 0

Answer:

depletion expense is recognized on the 1,200,000 tons extracted and sold.

Explanation:

Since the mine extracted 1,500,000 tons but was only able to sell 1,200,000. The 300,000 tons that were not sold should not be used to recognize depletion expense for the current period. Those tons remain "in stock" and can be sold on a later date, on which they should be used to recognized depletion expense.

Therefore, depletion expense is recognized on the 1,200,000 tons extracted and sold.

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Since your first birthday, your grandparents have been depositing $1,000 into a savings account on every one of your birthdays.

irina1246 [14]

Answer:

$25,650

Explanation:

The formula for calculating the future value of an annuity is:

F = P x ([1 + I]^N - 1 ) / I

where:

P = payment amount = $1,000
I = interest rate = 4%
N = number of payments = 18

F = $1,000 x ([1 + 4%]^18 - 1 ) / 4% = $1,000 x (1.04^18 - 1 ) / 4% = $1,000 x (2.026 - 1 ) / 4% = $1,000 x 1.026 / 4% = $25,650

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3 years ago

Widget, a manufacturer of widgits, agreed to supply Midgit all the widgits that Midgit needed in his gidgit business. For severa

ZanzabumX [31]

Answer:

It is not a valid agreement as it has to be in writing the no of widgits per month and cost of widgit.

Explanation:

Widgit is liable to Midgit if only if there exists a written agreement regarding quantity and price per month. If there is one, then Widgit is liable to Midgit for breking the agreement.

4 0

3 years ago

Personal Accents, Inc., (PAI) is a publicly held company that specializes in selling a variety of skin- and hair-care products.

Ilya [14]

Answer:

The answer is option “d” – selling PAI stock short.

Explanation : Short selling should be done only when the share prices are expected to fall. In this case PAI stocks are set to rise in a gradual manner and short selling will lead to losses.

8 0

3 years ago

Unlike product, promotion, or place, price is the only part of the marketing mix

mario62 [17]

Yes, its is the only thing marketing mix does.

4 0

3 years ago

The secret to effective sales is to have a

melamori03 [73]

Answer:

Unique selling proposition (USP)

Explanation:

USP stands for Unique selling proposition, which is defined as the concept of marketing first, proposed as a theory for explaining a pattern in a successful campaigns of advertising.

It defines or means that such kind of campaigns should be made unique or distinctive propositions to the customer or clients in order to convinced them for switching or shifting the brands.

So, the secret for having a effectives sales, to have a USP (Unique Selling Propositions).

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3 years ago