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Dennis_Churaev [7]
3 years ago
11

Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and antici

pates that a total of 400,000 tons will be recovered. The estimated residual value of the property is $150,000. During the first year, the company extracted 6,500 tons of ore. The depletion expense is
a. $15,000
b. $17,500
c. $26,000
d. $16,000
Business
1 answer:
stepan [7]3 years ago
3 0

Answer:

c. $26,000 

Explanation:

Depletion expense is a method of expensing the cost of using natural resources.

Depletion expense = (actual tons extracted/ total estimated tons to be extracted) × ( Cost - Salvage value)

6500 / 400,000 × (1,750,000 - $150,000)

0.016250 × $1,600,000 = $26,000

I hope my answer helps you

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5 0
1 year ago
Peak performance sporting goods company has reported net income after taxes = $3,750,000, with 18,250,000 shares outstanding. ba
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<span>The basic earning per a share can be calculated by dividing the net income after taxes by the number of shares outstanding. Thus we have that the basic earning per share is 3,750,000/18,250,000 = .20547 dollars per share. The basic earning per share for peak performance is .205 dollars per share.</span>
7 0
2 years ago
Using these data from the comparative balance sheet of Blossom Company, perform vertical analysis. (Round percentages to 1 decim
vovikov84 [41]

Answer:

<u>For 2017</u>

Account receivable % = Account Receivable/Total Assets x 100

Account receivable % = $ 497,000/$ 3,101,000 * 100

Account receivable % = 0.16027088 * 100

Account receivable % = 16.0%

Inventory % = Inventory/Total Assets *100

Inventory % = $ 735,000/$ 3,101,000 * 100

Inventory % = 0.2370203 * 100

Inventory % = 23.7 %

Total Assets  = $3,101,000 = 100%

<u>For 2016</u>

Account receivable % = Account Receivable/Total Assets * 100

Account receivable % = $ 435,000/$ 2,758,000 * 100

Account receivable % = 0.15772298 * 100

Account receivable % = 15.8%

Inventory % = Inventory/Total Assets * 100

Inventory % = $555,000/$ 2,758,000 * 100

Inventory % = 0.20123277 * 100

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7 0
2 years ago
How many years are required for an investment to double in value if it is appreciating at the rate of 9​% compounded​ continuous
Vesna [10]

Answer:

time required is 7.70 years

Explanation:

given data

interest rate = 9%

solution

we know with the compounded​ continuously rate r and time t amount is

A(t) = A(o) e^{rt}     .................1

and we have given amount is double so

A(t) = 2 A(o)

so from equation 1 put the value and we get here

2 A(o) = A(o) e^{rt}

ln(2) = 0.09 t

solve it we get time

time t = 7.70 years

so time required is 7.70 years

7 0
3 years ago
On Monday, Ajay's mother gave him cookies and milk after he had played quietly for 10 minutes. On Tuesday, she required 20 minut
jeyben [28]

Answer:

Shaping

Explanation:

Behavioral shaping was first developed and carried out by B.F Skinner. It involves using reward to reinforce desired behavior. The reinforcement is continuously carried out through the use of reward as the person gets closer and closer to the desired behavior. For example the mother of Ajay gradually increased the amount of time Ajay played quietly and she only reinforced with reward as Ajay kept the desire time ( 10 minutes, 20 minutes) She did not reinforce the previous 10 minute but the 20 minutes and only reinforced after the half hour set on Wednesday. After the final desire has been achieved, she will reinforce the final response.

7 0
3 years ago
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