The traits, skills, experience, knowledge, and other features necessary for job success are called

At the beginning of 2020, Concord Company acquired a mine for $3,251,600. Of this amount, $124,000 was ascribed to the land valu

Sav [38]

Answer:

A. $737,520

B. $530,320

Explanation:

a. Computation for the total amount of depletion for 2020.

First step is to calculate the Depletion Rate

Depletion Rate = ($3,251,600 - $124,000 + $49,600 + $210,800)/12,100,000

Depletion Rate= $3,388,000/ 12,100,000

Depletion Rate= 0.28

Now let calculate the total amount of depletion for 2020.

2020 Total amount of depletion= 0.28 × $2,634,000

2020 Total amount of depletion= $737,520

Therefore the total amount of depletion for 2020 is $737,520

B. Computation for the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020.

Expense amount charged= ($737,520/$2,634,000)* 1,894,000

Expense amount charged=0.28 *1,894,000

Expense amount charged=$530,320

Therefore the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020 is $530,320

7 0

3 years ago

How much are you willing to pay for one share of LBM stock if the company just paid an annual dividend of $2.24, the dividends i

Licemer1 [7]

Answer:

$18.33

Explanation:

The company just paid an annual dividend of $2.24

The dividend increase by 2.3% annually

= 2.3/100

= 0.023

The required return is 14.8%

= 14.8/100

= 0.148

Therefore the price that will be paid for one share of LBM stock can be calculated as follows

= 2.24 × (1+0.023)/(0.148-0.023)

= 2.24 × 1.023/0.125

= 2.29153/0.125

= $18.33

Hence $18.33 will be paid for one share of LBM stock

7 0

3 years ago

Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following ann

expeople1 [14]

Answer:

Pecan Theatre Inc.

Average annual percentage return

Cost Market 20Y1 20Y2 20Y3 20Y4 20Y5 20Y6

per share

Preferred stock $20.00 $25.00 2% 2% 2% 2% 2% 2%

Common stock $15.00 $17.50 0% 0% 0% 0.7% 0.8% 0.11%

Explanation:

a) Data and Calculations:

Dividends: Cumulative Common Stock

Preferred Stock Dividends

Dividends Per share Per share

20Y1, $80,000 $80,000 $0.40 $0 $0

20Y2, $90,000 90,000 $0.40 0 $0

20Y3, $150,000 150,000 $0.40 0 $0

20Y4, $150,000 100,000 $0.40 50,000 $0.10

20Y5, $160,000 100,000 $0.40 60,000 $0.12

20Y6, $180,000 100,000 $0.40 80,000 $0.16

Average annual percentage return

Cost Market 20Y1 20Y2 20Y3 20Y4 20Y5 20Y6

per share

Preferred stock $20.00 $25.00 2% 2% 2% 2% 2% 2%

Common stock $15.00 $17.50 0% 0% 0% 0.7% 0.8% 0.11%

Average annual percentage return = Dividend per share/Initial Cost per share

7 0

3 years ago

You have just finished preparing a formal report on a proposed company merger. You are about to complete your title page. What s

USPshnik [31]

Answer:

The correct answer is letter "A": Title; author’s name; name of report; name and organization of the receiver; author’s title; date of submission.

Explanation:

The title page is the front page that starts every formal report. It gives the first impression on how well structured the study has been compacted and provides an overall idea of what is the report going to be explaining. The correct order of information that must be included is:

Title
Author’s name
Name of report
Name and organization of the receiver
Author’s title
Date of submission

Some of them include an abstract at the bottom of the page adding a brief summary of the content, usually to attract the reader.

7 0

3 years ago

The maturity of most bank loans is short term. Bank loans to businesses are frequently made as 90-day notes which are often roll

maks197457 [2]

Answer:

A. True

Explanation:

Bank loans are generally short term for meeting the working capital needs, that depends upon the operating cycle of a company.

Usually that keeps on rotating and extending, as the banks keep on earning interest and the funds are usually not needed, this results in the constant support for business.

Further this facility is only provided to the clients who are performing good and that the clients are viable.

If the balance sheets of the client depicts that they are not financially viable then the bank do not extend the time limits and tries to recover the funds as soon as possible.

5 0

3 years ago