1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stellarik [79]
3 years ago
14

A company purchased land for its natural resources at a cost $1,500,000. It expects to mine 2,000,000 tons of one from this land

. The residual value of the land is estimated to be $250,000 what is the amount of depletion per ton of one?
a. $0.75
b. $0.875
c. $1.14
d. $0.625
Business
1 answer:
masha68 [24]3 years ago
8 0

Answer:

Depletion= $0.625

Explanation:

Giving the following information:

Purchase land= $1,500,000.

It expects to mine 2,000,000 tons of one from this land.

The residual value of the land is estimated to be $250,000.

<u>To calculate the depletion per ton, we need to use the following formula:</u>

Depletion= [(purchase cost - salvage value)/useful life of production

Depletion= (1,500,000 - 250,000) / 2,000,000

Depletion= $0.625

You might be interested in
Suppose in the spot market 1 U.S. dollar equals 1.3750 Canadian dollars. 6-month Canadian securities have an annualized return o
myrzilka [38]

Answer:

$1 = 1.372 CD

Explanation:

Spot rate, 1$ = 1.3750  Canadian dollars

Canadian securities annualized return = 6%

U.S. securities annualized return = 6.5%

Term = 6 month ≅(180 days)

Forward exchange rate in 180 days, 1$ = Spot rate * (1+US rate*6/12) / (1+CD rate*6/12)

= 1.3750 CD * (1 + 6%*6/12) / (1 + 6.5%*6/12)

= 1.3750 CD * (1 + 0.03) / (1 + 0.0325)

= 1.3750 CD * 1.03/1.0325

= 1.371670702179177 CD

= 1.372 CD

So, the the U.S. dollar-Canadian dollar exchange rate in the 180-day forward market is $1 = 1.372 CD

4 0
2 years ago
The Sugar Sweet Company will choose from two companies to transport its sugar to market. The first company charges $3995 to rent
notsponge [240]

For Q1, you have to set these equations equal to each other because it is asking how much of x is necessary to make the same amount of y, so:

3995 + 225.50x = 6500 + 100.25x

solve for x:, and get x=20

so 20 tons of sugar will give the companies the same cost.

For Q2: you need to plug in x=20 into either one of the original equations, and solve for y because this will give you the cost of transportation, so:

y= 3995 + 225.50(20)

y=$8,505 for the total cost

7 0
3 years ago
A(n) ____ is the process of searching through a list from one end to another.
tigry1 [53]

The answer to this question is linear search. Linear search is a method of finding an item in the list. Linear search is also known as a sequential search. In this kind of method, this is a search method where in all elements are being searched in order to find the desired element or value.

4 0
3 years ago
Which would be considered liabilities ? Check all that apply
levacccp [35]
House, car, money you have saved in the bank. Basically anything valuable.
3 0
3 years ago
Read 2 more answers
I need some help! I'm not necessarily looking for the exact, technically correct answer to my question. Users submit questions a
ziro4ka [17]
There goal means they want to examine credit unions. The meaning of the phase is Why focus on credit unions? Because: 1) They tend to be more retail-focused than many community banks, and 2) we can get data on credit unions’ membership size which provides a basis of comparison and analysis to evaluate the social media data.
3 0
2 years ago
Other questions:
  • Using reasonable safeguards to protect phi from being accidentally released to those who do not need access to the information d
    11·1 answer
  • Firm XYZ produces and sells corn in a perfectly competitive market and hires its workers in a perfectly competitive labor market
    10·1 answer
  • What are the two most popular ways people make networking contacts?
    11·2 answers
  • Second-degree price discrimination occurs when: a business asks a series of personal questions about what the purchase is going
    5·2 answers
  • Helena says her decision to move to Costa Rica seemed like "kind of a crazy decision." If her happy memories of wonderful times
    13·1 answer
  • The production budget shows expected unit sales are 100,000. The required production units are 104,000. What are the beginning a
    11·1 answer
  • Refer to the demand schedule below.
    9·2 answers
  • Reviewing and evaluating records used to prepare a company's financial statements is referred to as ______.
    7·1 answer
  • What is the title of the Access form shown above? frmBasic tblRetailer 0001 Spice World
    9·1 answer
  • What is the first step in setting up a budget? (1 point)
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!