Answer:
The cost of depletion in the current year is $90,000
Explanation:
Santa Fe's current year cost of depletion=cost of rights*Turquoise extracted in the current year/total estimated turquoise to be extracted
cost of rights is $300,000
turquoise extracted in the current year is 1,500 pounds
total estimated turquoise to be extracted over a five-year period is 5000 pounds
cost of depletion in the current year=$300,000*1500/5000
=$ 90,000.00
By extension profit for the year assuming no other costs were incurred is :
$200,000-$90,000=$110,000
Answer:
Working capital, also called net working capital (NWC), represents the difference between a company’s current assets and current liabilities.
NWC is a measure of a company’s liquidity and short-term financial health.
A company has negative NWC if its ratio of current assets to liabilities is less than one.
Positive NWC indicates that a company can fund its current operations and invest in future activities and growth.
High NWC isn’t always a good thing. It might indicate that the business has too much inventory or is not investing its excess cash.
Explanation:
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Also have a great day and good luck in your studies!
Answer:
The predetermined overhead rate based on hours at capacity is closest to: $20.10 per hour.
Explanation:
Predetermined Rate = Budgeted Fixed Overheads / Budgeted Activity
= $ 3,819 / 190 hours
= $20.10 per hour
Answer:
E. might rise or fall depending on whether the monopoly's marginal revenue curve lies above or below its demand curve.
Explanation:
In monopoly, the supply rule is the way how the farm will decide the price to sell the products in the market. This rule is simple, the price will be set where the demand curve cross the marginal revenue function, and not as perfect competition, where demand and supply demand cross. In monopoly the quantities are less thant perfect market situation, and the price is higher.
In the Weighted Average Cost of Capital (WACC) equation, the symbol <u>"Ke" </u>represents the costs of raising capital by issuing new stock.
The full WACC formula is below:
WACC Formula = (E/V * Ke) + (D/V) * Kd * (1 – Tax rate)
