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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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Firm A has earnings-per-share of $3.00. Firm B has earnings-per-share of $2 and a price-per-share of $30. Using the Price/Earnin

stealth61 [152]

Answer:

Company A's price per share is $45

Explanation:

The P/E ratio of one company can be used by investors and analysts to determine the value of another companie's stock in the industry. This is called apples-to-apples comparism.

The P/E ratio is used to value a company by comparing its share price to earnings per share.

P/E ratio= market value of shares/ earnings per share

For company B

P/E ratio= 30/2= $15

Using company B's P/E ratio as a benchmark for company A

15= Price per share /3

Price per share = 15*3= $45

8 0

4 years ago

Sales $ 576,000 $ 491,500 Variable costs 189,000 260,500 Traceable fixed costs 173,500 196,400 Allocated common corporate costs

Maru [420]

Answer:

$(18,900)

Explanation:

Calculation to determine what the elimination of the West Division would result in an overall company net operating income (loss)

Using this formula

Net operating income (loss) = Net operating income of East division -Allocated common cost to West division

Let plug in the formula

Net operating income (loss)= $ 89,600 - $108,500

Net operating income (loss)= $(18,900)

Therefore the elimination of the West Division would result in an overall company net operating income (loss) of $(18,900)

5 0

3 years ago

The economy's long-run AS curve assumes that wages and other resource prices _____. rev: 06_12_2018 Multiple Choice eventually r

liubo4ka [24]

Answer: eventually rise and fall to match upward or downward changes in the price level.

Explanation:

Long-run aggregate supply (LRAS) curve simply shows the long-term output for a country. In the long-run, it should be noted that the aggregate supply curve is vertical, which shows that the changes in the aggregate demand will only result in a temporary change with regards to the total output of the economy.

The aggregate supply curve of an economy assumes that the wages and other resource prices eventually rise and fall to match upward or downward changes in the price level.

Therefore, the correct option is A.

8 0

3 years ago

Marc and Michelle are married and earned salaries this year of $71,600 and $14,850, respectively. In addition to their salaries,

kompoz [17]

Answer and Explanation:

Adjusted gross income abbreviated AGI is the tax payers gross income minus deductions used in arriving at taxable income(AGI less allowable deductions)

Please find attached calculations for gross income and AGI for the couple

8 0

3 years ago

The Information Technology Infrastructure Library (ITIL) is a document of operational rules help desk organizations must follow

murzikaleks [220]

Answer: B. False

Explanation:

Information Technology Infrastructure Library (ITIL) is a framework of best practices for delivering IT services to businesses and management generally. The main aim of ITIL is to focus IT in managing the needs of a business.

ITIL’s systematic approach to IT service management can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale and change.

7 0

3 years ago