1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kogti [31]
3 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]3 years ago
7 0
I think it is B. I’m sorry if I’m wrong.
You might be interested in
Mystic Laboratories reported total assets of $11,200,000 and noncurrent assets of $1,480,000. The company also reported a curren
Anastasy [175]

Answer:

$6,480,000

Explanation:

The computation of the amount of the current liabilities is shown below:

Total assets of $11,200,000

Less: Noncurrent assets $1,480,000

Current Assets = $9,720,000

Now as we know that

Current ratio  = Current Assets ÷ Current Liabilities

Current Liabilites is

= $9,720,000 ÷ 1.5

= $6,480,000

hence, the current liabilities is $6,480,000

3 0
3 years ago
During the "design" step of appreciative inquiry, participants ________.A) find a common vision of how the organization will loo
Mila [183]

Answer:

The correct answer is A) find a common vision of how the organization will look in the future

Explanation:

4 0
3 years ago
Chip Off The Old Block is a new chocolate chip cookie created by the Arizona Cookie Company. To generate interest for this new p
Westkost [7]

Answer:

C) sales promotion.

Explanation:

Sales promotions are the activities that a business conducts to persuade a customer to buy. There are marketing pull strategies aimed at stimulating sales. Sales promotions also mean extra incentives given to salespeople and retailers to increase sales.

Sales promotion are short term measures used to boost sales or introduce a product to the market. Arizona cookies expect the customers will enjoy the free cookies and use the free coupons to buy more. By giving the free samples, Arizona is introducing its products to new customers with the anticipation of growing its sales. Other methods of sales promotions include competitions and loyalty points.

8 0
3 years ago
Kimberly, a single taxpayer, sold three capital assets during September 2019. She sold a collectible painting held five years fo
lawyer [7]

Answer:

$1,050

Explanation:

since these three transactions involved capital gains or losses (investments lasted more than 1 year), they will be taxed using the capital gains tax rate = 15%

total capital gains = $3,000 (painting) + $5,000 (stocks) - $1,000 (other stocks) = $7,000

total taxes due = $7,000 x 15% capital gains tax rate = $1,050

5 0
3 years ago
Match each of the global business practices with an example of its use.
Levart [38]

a. offshoring-------a brazilian clothing company opens a factory in indonesia to take advantage of lower labor costs.


Offshoring, the act of outsourcing tasks abroad, for the most part by organizations from industrialized nations to less-created nations, with the aim of diminishing the cost of working together. Boss among the particular explanations behind finding tasks outside an organization's nation of origin are bring down work costs, more tolerant ecological controls, less stringent work directions, ideal duty conditions, and vicinity to crude materials.  

b. outsourcing------a u.s. clothing company buys shirts and pants from a clothing manufacturer in turkey.


Outsourcing is the business practice with regards to hiring a party outside an organization to perform benefits and make merchandise that generally were performed in-house by the organization's own representatives and staff. Normally done as a cost-cutting measure, it can influence employments going from client support to assembling to the back office.  

c. insourcing-------a mexican clothing company opens a textile mill in the united states where it sells most of its products.


Insourcing is the initiation of playing out a business work that could be contracted out internally: either with the assistance of an outsider supplier who plays out the undertaking nearby, or by leading said errand independently. Very frequently it is viewed as inverse of outsourcing. Insourcing is a business choice that is frequently made to keep up control of basic creation or abilities. Insourcing is broadly utilized underway to lessen expenses of duties, work and transportation.

3 0
3 years ago
Other questions:
  • Cash-basis vs. accrual-basis accounting?
    12·1 answer
  • In the late 1990s, the United States experienced very high GDP growth, record low unemployment rates, and virtually nonexistent
    13·1 answer
  • Using the information below, calculate net income for the period: Sales revenues for the period $ 1,318,000 Operating expenses f
    13·1 answer
  • What ways can land contribute to production
    13·1 answer
  • Buddy Slaton has only one itemized deduction item, the $3,000 he gave to his church. His standard deduction this year is $5,450,
    9·1 answer
  • Caribbean Tours’ total payroll for the month of January was $600,000. The following withholdings, fringe benefits, and payroll t
    7·1 answer
  • A secured creditor whose claim exceeds the value of the collateral may submit a proof of claim and become an unsecured claimant
    7·1 answer
  • Which of the following is a true statement about the call option? It allows investors to purchase stocks at a going rate for a g
    10·2 answers
  • Fractional reserve lending"" what does this mean.
    7·1 answer
  • 1. What is the effect on the Cash account when a company sells merchandise, but allows the customer to pay later?​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!