Answer:
$462,094
Explanation:
Depletion expense is a charge against profits for the use of natural resources. It is calculated by multiply the number of consumed units of the natural resources by the cost per unit.
Cost per unit = Total cost / total number of units expected to be extracted = $5,300,000 / 32,000,000 = 0.165625
Depletion expense = Cost per unit x extracted units = 0.165625 x 2,790,000 = $462,094
Answer:
c. 9.32%
Explanation:
The computation of the yield or return on the preferred stock is shown below:
= (Annual dividend rate × par value ) ÷ current stock price
= (6.20% × $ 85 ) ÷ $56.50
= 9.32%
Hence, the yield or return on the preferred stock is %
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
d. checking
Explanation:
A savings account is a type of bank account that pays interests and it allows you to deposit and withdraw your money when needed.
Money market refers to the market of financial institutions that want to lend or borrow money for a short period of time that doesn't exceed 12 months.
Corporate bond is debt issued by private companies to get funds.
A checking account is a bank account that allows you an easy access to the money you have and it is designed to used it for all your transactions like paying all the expenses.
Acccording to this, an account designed for payment of regular bills is the checking account.
The legality of a business decision is the minimal standard that must be met.