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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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Determining the blend of promotion methods is a strategy decision which is the responsibility of the:______.
horsena [70]

Determining the blend of promotion methods is a strategic decision that is the responsibility of the marketing manager.

In career terms, promotion refers to an employee's advancement in rank or position in a hierarchical structure. In marketing, promotion is another kind of progress. Promotion includes the characterization of a particular product or service (through advertising or discounted pricing). The purpose is to draw the attention of potential customers to the purchase of your product. For example, A 'buy one get him one free' offer grabs the customer's attention.

Promotion occurs when an employee is promoted to a higher rank, position, or role within a company or organization as a result of outstanding performance. Promotions usually come with more responsibility or a higher salary

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3 0
2 years ago
Price discrimination is the practice of charging different prices for the same product that are not justified by cost difference
Sergeu [11.5K]

Answer:

<h2>Because firms in a perfectly competitive market does not have any price making ability or market power,they are not able to engage in any price discrimination.Hence,the correct answer is  the last option or True,because perfectly competitive firms have no market power.</h2>

Explanation:

In Microeconomics,perfectly competitive markets are characterized by many buyers and sellers in which the sellers and firms usually sell homogeneous or identical products.Now,as there are many firms in the market and no barriers to entry for new firms into the market,the market competition or rivalry is high and hence,no single firm has the ability to determine and manipulate the market price according to their own economic advantage because if any firm tries to do so,it will loose significant market share as most customers would move to other sellers/firms charging lower price or regular market price.Therefore,the market price is fixed in the perfectly competitive market as the firms do not have price making or market power.Consequently,they are not able to charge different prices to different customers according to their maximum willingness to pay or differences in price preferences.

3 0
3 years ago
On 1/1//2015, XYZ leases a machine from Super LeaseCo for four years. At the end of the lease term, title passes to XYZ. Payment
MaRussiya [10]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
TCost-908 Car Mechanic Inc. uses a job-order costing system. The company applies all of its overhead costs to jobs using a prede
oee [108]

Solution :

1.  Predetermined overhead rate

Fixed \text{overhead cost}    (253,000 / 22,000)    =  $ 11.5

Variable \text{overhead cost} per direct labor-hour  = $ 1

Predetermined overhead rate                          = $12.5

2.  Total job cost                  $

   Direct materials               703

  Direct labor cost               317

 Applied overhead (8 hours x $12.5 per direct labor hour)   = 100

 Total job cost                    = $ 1120

3. Charges     = $ 1120 x 140%

                      = $1568

 

8 0
3 years ago
Match each type of tax with an example of its use.
Fofino [41]

<u>Answer:</u>

Excise tax              :$0.30 tax on a gallon gasoline

Consumption tax  : 20% tax on wages earned

Income tax            : 9% tax on the sale of luxuries

<u>Explanation:</u>

Excise tax are the taxes charged to individuals on purchase of certain goods. Excise taxes are included with the price of the product. One of the major excise tax is charged on the gasoline for vehicles.

Consumption tax are the indirect taxes that are charged on usage of goods and services. They are collected in the form of sales tax and value added tax.

Income tax is the tax collected by the government for earning money through business or work.

8 0
3 years ago
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