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Vlad [161]
3 years ago
11

Cameron Corp. purchased a mine on January​ 1, 2018, for​$530,000, which is estimated to contain​ 35,000 tons of iron ore. There

is no residual value. The business extracted and sold​ 7,500 tons of ore in 2018 and​ 10,800 tons of ore in 2019. What is the depletion expense for​ 2019? (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​dollar.)
A.

​$277,062

B.

​$252,838

C.

​$113,550

D.

​$163,512
Business
1 answer:
balu736 [363]3 years ago
7 0

Answer:

D.$163,512

Explanation:

Depletion expense is a charge against profits for the use of natural resources.

Depletion rate = cost to purchase resource/ number of units = $530,000/ 35,000 tons = $15.14 per ton

Depletion expense for 2019 = Depletion rate * number of units extracted and sold in 2019 = $15.14 * 10,800 =  $163,512

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The Market Risk Premium (MRP) is the difference between the market portfolio's expected return  and the risk-free rate.

<h3>What is market ?</h3>
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To learn more about market from the given link :

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6 0
1 year ago
Wiley company purchased new equipment for $60,000. wiley paid cash for the equipment. other costs associated with the equipment
Colt1911 [192]
The total cost of equipment that should be recorded is calculated by adding up all the given values in this item. The costs include equipment cost, transportation cost, tax, and installation cost. Adding up all the values,

     TC = ($60,000) + ($1,000) + ($3,000) + ($2,500)
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ANSWER: TC = $66,500
6 0
3 years ago
What type of planning is conducted by the organization to prepare for, react to, and recover from events that threaten the secur
sattari [20]

Answer:

Contingency plan.

Explanation:

Contingency plan is a plan conducted by an organization to prepare for , react to and recover from events that threaten the security of information and information assets in the organization , and the subsequent restoration to normal modes of business operations.

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4 0
3 years ago
According to Walter Shewhart:_______
Novosadov [1.4K]

Answer:

c) the mean, upper control limit, lower control limit and warning lines that are two sigma from the mean are indicated by horizontal lines in the control chart.

Explanation:

Walter Shewhart is regarded as an important personality in the history of quality management. He asserted that the behavior of real processes had the tendency to change as time changed and it was not the behaviur of theoretical random distributions.

Walter Shewhart posited that causes of variation could be divided into two which are chance cause and assignable cause. He maintained that chance causes could be ignored if they did not cause too much variation, and any attempt to eliminate them usually made the problem worse. He however posited that it was possible to fix assignable causes.

Walter Shewhart invented control chart in order to differentiate between variations caused by random events and trends that indicated assignable causes. There is time and a plot of sample measurements on the bottom axis of a control chart. The mean, upper control limit, lower control limit, and warning lines that are two sigma from the mean are indicated by horizontal lines.

Based on the above explanatio, the correct option is c) the mean, upper control limit, lower control limit and warning lines that are two sigma from the mean are indicated by horizontal lines in the control chart.

8 0
3 years ago
In June 2013, currency held by individuals and businesses was $1,124 billion; traveler’s checks were $4 billion; checkable depos
densk [106]

Answer:

M1 $2,530 billion

M2 $10,644 billion

Explanation:

  • M1 = Currency held + Travelers check + Checkable deposits

= $(1,124 + 4 + 1,402) billion = $2,530 billion

  • M2 = M1 + Savings deposits + Time deposits + Money market funds

= $(2,530 + 6,884 + 583 + 647) billion = $10,644 billion

4 0
3 years ago
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