A company acquired mineral rights for $7,500,000. The mineral deposit is estimated at 600,000 tons and during the year 100,000 t
ons were extracted and sold. a. Calculate depletion expense for the year. b. Show the effects on the accounts and the financial statements of the company. c. What is the book value of the mineral rights at the end of the current year
The term that is being described above is the rules committee;
the rules committee are responsible of having to take charge on bills in which they
determine the rules of each bills and whether they are to consider it in the
floor of the house.
In the question, collection of sales is not given which is credit sales are collected 25% in the month of sale,50% in the month after sale,16% after two month of sale and 9% are never collected.Keeping in mind these pattern of collection of credit sales,the working is attached for ready reference
Demography simply has to do with population study. From the question, we are informed that The Gap company caters to the needs of men and women by manufacturing three different lines of fashion-wear based on the purchasing power of its customers.
This shows that Gap most likely segments the consumer market based on demographic variables.
