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ValentinkaMS [17]
3 years ago
6

A company purchased a tract of land for its natural resources at a cost of $1,920,500. it expects to mine 2,150,000 tons of ore

from this land. the salvage value of the land is expected to be $265,000. the depletion expense per ton of ore is:
Business
1 answer:
dangina [55]3 years ago
8 0

Depletion expense (E) is equal to the Fixed Cost minus the Salvage Value divided by the tons of ore to be mined. The equation would then be: E = ($1,920,500 – $265,000) / 2,150,000. Therefore, E is equal to $0.77/ton of ore.

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3 years ago
For any given price, a firm in a competitive market will maximize profit by selecting the level of output at which price interse
KonstantinChe [14]

Answer:

The answer is C

Explanation:

To maximize profits in a perfectly competitive market, firms or businesses' marginal revenue must equal to marginal cost (MR=MC).

Also price must equate marginal cost(which is the additional cost incurred in the production of one more unit of a good)

In perfect competition, P = MC = MR.

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5 0
3 years ago
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According to most project management literature, the key items to be planned, monitored, and controlled are __________.
Vanyuwa [196]

Answer:

The correct answer is schedule (time), budget (cost) and performance (resources).

Explanation:

To develop the Schedule, the outputs of the processes will be used together with the determined planning tool:

  1. Plan the Schedule Management. It consists of establishing the necessary policies, procedures and documentation. In order to plan, develop, direct and control the Project Schedule.
  2. Define the Activities. It consists of identifying those activities necessary to carry out the Project successfully.
  3. Sequence the Activities. It consists of identifying and documenting what kind of dependency exists between the different activities.
  4. Estimate resources of the Activities. It consists in estimating what type and amount of resources we need and are available to execute each activity.
  5. Estimate the duration of the Activities. It consists of establishing approximately how much time is necessary to complete each activity. As well as the number of resources estimated in the previous process.
  6. Develop the schedule. It consists in analyzing and integrating the order of execution of activities, their duration, resource requirements and possible restrictions. All this, integrated into the planned planning tool, will generate the Project Schedule, and with it the Baseline of the Schedule.
  7. Check the schedule. It consists of following the status of the Project, monitoring its progress and comparing with the baseline to manage possible changes.

The work necessary to carry out the six processes of Time Management must be preceded by a planning effort by the Project team, which is part of the process Develop the Project Management Plan. From it we will obtain, among others, the Schedule Management Plan that determines a methodology, the planning tool used, the format and the criteria to develop and control the Project Schedule.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

6 0
3 years ago
If the market maker is willing to purchase the entire block of 1,500 shares from Amara and, from that block, resell 1,000 shares
NeTakaya

Answer:

$1,300

Explanation:

Calculation to determine what the market maker’s net profit from Brent’s transaction

First step is to calculate the bid-ask spread using this formula

Bid-ask spread=Ask price-Bid price

Let plug in the formula

Bid-ask spread=$31.80-$30.50

Bid-ask spread=$1.30

Now let calculate the Net profit

Using this formula

Net profit=Bid-ask spread*Shares resell

Net profit=$1.3 x 1000 shares

Net profit=$1,300

Therefore the market maker’s net profit from Brent’s transaction will be $1,300

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<h2>Slide</h2>

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