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kogti [31]
4 years ago
6

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?

a. $1.60
b. $1.75
c. $2.00
d. $1.90
Business
1 answer:
maks197457 [2]4 years ago
7 0
I think it is B. I’m sorry if I’m wrong.
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Darwin Inc.sells a particular textbook for $24. Variable expenses are $16 per book. At the current volume of 52,000 books sold p
hram777 [196]

Answer:

$416,000

Explanation:

Darwin sells a particular book for $24

Variable expenses are $16

The current volume of book sold is 52,000 books

The first step is to calculate the unit Contribution margin

= $24-$16

= $8

Therefore the fixed expenses that is associated with the book can be calculated as follows

=52,000 × 8

= $416,000

8 0
3 years ago
Assume that the expected future dividends (D) at end of periods 1,2, and 3, as well as the expected future price (P) at end of p
MariettaO [177]

Answer:

$66.9725

Explanation:

Data provided in the question:

Dividend:

D1 = $1.20

D2 = $1.40

D3 = $1.55

Expected future price, P3 = $82

Required return = 8.9 percent = 0.089

Now,

Stock price today = Present value of dividends and the future value

Stock price today = \frac{1.20}{(1+0.089)}+\frac{1.40}{(1+0.089)^2}+\frac{1.55}{(1+0.089)^3}+\frac{82}{(1+0.089)^3}

or

Stock price today = 1.1019 + 1.1805 + 1.2001 + 63.49

or

Stock price today = $66.9725

8 0
3 years ago
Management is a process designed to achieve an organization's objectives by using its resources ____________ (accomplishing the
katrin [286]

Answer:

efficiently, effectively

Explanation:

Management can be regarded as coordination as well as administration of set and various tasks within an organization so that some set goals cn be achieved. Some of the administration activities to reach these goal could be putting up a strategy

as well as coordination of the efforts of employees as well as utilization of available resources.

It should be noted that Management is a process designed to achieve an organization's objectives by using its resources efficiently (accomplishing the objectives with a minimum of resources) and effectively

(having the intended result).

5 0
3 years ago
31. If a company initially records the purchase of supplies to the supplies expende account, the mount of the adjusting entry ma
scoundrel [369]

We can actually deduce here that the amount of the adjusting entry that was made at the end of an accounting period will be equal to the supplies on hand at the end of the period.

<h3>What is accounting period?</h3>

An accounting period is actually known to be the period of time that a particular accounting function is covered. It can be a fiscal year, quarterly, monthly or even weekly.

We see here that the amount of the adjusting entry that was made at the end of an accounting period will be equal to the supplies on hand at the end of the period.

Learn more about accounting period on brainly.com/question/26533843

#SPJ12

6 0
2 years ago
Her current campaign has a total investment of $25,500, generates 1,500 conversions, and has a CPA of $17. Which plan, built in
Novay_Z [31]

Answer: An investment of $40,000 to generate 2,000 conversions and a CPA of $20.

Explanation:

For molly to achieve her marketing goal, which is centered around making more sales and more profit. She would be needing and investment of around $40,000, as this amount would help generate a conversion of 2000 and a CPA in the region of $20.

6 0
3 years ago
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