Answer:
E) It has limited capacity.
Explanation:
Our brain's workbench memory stores and encodes information so that it can be stored as long-term memory, and eventually it can be retrieved and used in the future. Since it is something like an intermediate stage, it has limited capacity. The events that are held there and not stored in our long-term memory will be discarded.
Answer:
C. $31.88 is the correct answer.
Explanation:
Answer:
Bali Sales Company
Identifying events as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE):
Event Type Assets = Liab. + Equity Rev. - Exp. = Net Inc. Cash Flow Type
1. AE + - = NA + NA NA - NA = NA -0A
2. CE + = + + NA NA - NA = NA -OA
3. CE - = - + NA NA - NA = NA +OA
4a. AS + = NA + + + - NA = + +OA
4b. AU - = NA + - NA - + = - -OA
5. CE - = - + NA NA - NA = NA -OA
6a. AS + = NA + + + - NA = + +OA
6b. AU - = NA + - NA - + = - -OA
7. AU - = NA + - NA - - = - -OA
8. AU - = NA + - NA - - = - -OA
9. AE +- = NA + NA NA - NA = NA -OA
10. AU - = NA + - NA - - = - -OA
Explanation:
All the events are classified under operating activities for the cash flow type. There are no investing activities (IA) nor financing activities (FA) in any of the events listed. The workings above show the accounting equation in operation as it affects elements of the financial statements.
Answer:
$26,000
Explanation:
To calculate the total depletion expense for a year, we must first calculate the depletion expense for every ton of ore extracted:
depletion expense per ton = cost of the mine / total tons extracted
depletion expense per ton = $1,600,000 / $400,000 = $4 per ton extracted
If during the first year Weber Company extracted 6,500 tons, their depletion expense for the year = 6,500 tons x $4 per ton = $26,000
