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
ASHA 777 [7]
3 years ago
10

Weber Company purchased a mining site for $659,964 on July 1. The company expects to mine ore for the next 10 years and anticipa

tes that a total of 96,740 tons will be recovered. The estimated residual value of the property is $55,169. During the first year, the company extracted 6,682 tons of ore. The depletion expense is
Business
1 answer:
zzz [600]3 years ago
5 0

Answer:

$41,774

Explanation:

the depletion expense is calculated below

Depletion expense reffered to the charge against profits for the use of natural resources.To calculate the depletion per unit we will need to calculate the total cost less salvage value then divide it by the total number of estimated units.

The expense is calculated by multiplying the depletion per unit by the number of natural resources units consumed current period.

Original cost= $659,964

residual value = $55,169

estimated units or tons= 96,740 tons

number of tons extracted in a given year = 6,682 tons of ore.

depletion expense =?

We will need to find the difference between the residual value and the original cost first. Which is

= (Original cost - residual value) = )$659,964 - $55,169)/96,740 tons

= 6.25

(6.25* 6,682 tons )= $41774

Hence,The depletion expense =$41774

You might be interested in
A "Name That Tune" contest has a grand prize of $500,000. However, the contest stipulates that the winner will receive just $200
Alexxx [7]

Answer:

The correct answer is (C) $401,302

Explanation:

To get how much the contest winner actually won, we have to calculate the amount receive at the end of each year discounted at this moment. Then,  we added  all the payments.  

For example, the first payment in  $200,000 at this moment,  so we add  $200,000.  

At the end of the first year we receive $30,000, and the rate of discount is 8%

The formula of discount is P=A/ (1+r)ⁿ

A=Final amount  

P= Principal

r= interest rate

n= time

Year 1 = A/ (1+r)ⁿ =$30,000/1,08¹= 27777,77

Year 2 =$30,000/1,08²= 25720,16

Year 3=23814,96

Year 4=22050,89

Year 5=20417,49

Year 6=18905,08

Year 7=17504,71

Year 8=16208,06

Year 9=15007,46

Year 10=13895,80

 

Total  401302,44

3 0
2 years ago
Bill Builder entered into a contract with Carl's Carpets to supply him with the carpeting he needed to complete the renovation o
pshichka [43]

Answer:

consequential damages

Explanation:

According to my research on different types of law suits, I can say that based on the information provided within the question Bill can recover the 900 he lost from Carl as consequential damages. These are damages have happened because of one party's failure to meet a certain deadline or contractual obligation and can be proven in court. Therefore since Bill can prove that he lost the 900 because of Carl's negligence he will most likely win that case.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
A firm has 12,000 shares of common stock outstanding with a book value of $20 per share and a market value of $39. There are 5,0
lana [24]

Answer:

13.7%

Explanation:

The weight to be placed on preferred while computing the company's weighted average cost of capital (WACC) is the market value of the preferred stock divided by the market value of the company as a whole.

market of preferred stock=5,000*$26=$130,000

Market value of the company=market value of common stock+market value of preferred stock+market value of bond

common stock market value=12,000*$39=$468,000

market value of bond=$400,000*87%=$348,000

Weight of preferred stock=$130,000 /($130,000 +$468,000+$348,000)=0.137420719 =13.7%

6 0
2 years ago
How do you solve for an owner's equity​
olganol [36]

Answer:

add up all of the business assets and deducting all of its liabilities.

5 0
1 year ago
You want to buy some used textbooks from an online auction but you see they don't accept credit cards. You don't want to send th
Nataly [62]

Answer:

Online actions are not always, but many times a fraud. The Federal trade commission (FTC) warns about them in their website because a lot of people fall for them every year. If the seller doesn't accept a credit card, you can try another online payment method like PayPal, but never send cash or any check.

8 0
2 years ago
Other questions:
  • For a perfectly competitive firm, the marginal cost curve is identical to the firm’s ________________
    11·1 answer
  • Wages paid to gopal journal entry​
    10·1 answer
  • Wellington Corp. has outstanding accounts receivable totaling $1.27 million as of December 31 and sales on credit during the yea
    11·2 answers
  • KSB is considering a project that will require $39,000 in net working capital and $68,000 in fixed assets. The project is expect
    6·1 answer
  • The HVAC engineer for a company that constructed one of the world’s tallest buildings requested that $500,000 be spent on softwa
    15·1 answer
  • In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 when
    12·1 answer
  • A construction firm cannot obtain the necessary permits to begin building a shopping mall until it can show it either has or wil
    14·1 answer
  • Read the following descriptions and identify the type of risk or term being described:
    9·1 answer
  • A change in tastes or fashions can impact..
    14·1 answer
  • Sunland Company makes an investment today (January 1, 2020). They will receive $77000 every December 31st for the next six years
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!