Resource Company acquired a tract of land containing an extractable natural resource. Cooper is required by the purchase contrac
t to restore the land to a condition suitable for recreational use after it has extracted the natural resource. Geological surveys estimate that the recoverable reserves will be 4,000,000 tons, and that the land will have a value of $500,000 after restoration. Relevant cost information follows: Land: $6,400,000
Estimated restoration costs: 1,200,000.
If Galt maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material?
Laissez-faire is one of Adam Smith's ideas which made Mark think of starting a restaurant because the business is free from government intervention. Also because Mark would be the sole owner of the business.
The correct answer is D) The operation of internal service funds has no impact on other funds because it is run as a business and provides services that would have been purchased elsewhere by the other funds.
Explanation:
This is false because the operation of these funds represent a direct impact on other funds in the portfolio because they are related within the same business scheme and therefore transfer transactions (purchase and sale) of services corresponding to other portfolios or funds with guarantees and expectations of growth in the short term.
Explanation:small number of centrally locates warehouses will make their products readily available in needed small quantities. While having a larger warehouse nearer to the end customers will make the product easily accessible
