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AfilCa [17]
3 years ago
7

On April 17, 2021, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs ne

cessary to prepare the mine for extraction of the coal totaled $5,640,000. The company expects to extract 940,000 tons of coal during a four-year period. During 2021, 244,000 tons were extracted and sold immediately.
Required:
1. Calculate depletion for 2021.
Business
1 answer:
Setler79 [48]3 years ago
7 0

Answer:

$1,464,000

Explanation:

The computation of the depletion expense is shown below:

Purchase price plus additional cost = $5,640,000

Extracted tons during four year period = 940,000 tons

Current year tons extracted = 244,000 tons

So,

Depletion expense = Purchase price plus additional cost ÷ extracted tons during four year period × current year tons extracted

= $5,640,000 ÷ 940,000 tons × 244,000 tons

= $1,464,000

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Analysts predicted earnings per share (EPS) for your company to be $0.XX at the close of 20XX. How does this compare to actual E
nikdorinn [45]

Answer and Explanation:

Earnings per Share, EPS = <u>Net Income dividend of preferred stock</u>

                                            Number of stock outstanding

EPS  depends on the earnings and its dilution due to increase in preferred stock also it depends on the net income earned

When EPS is higher than analyst prediction,

this may be due to increase in the net income

or

payback of common stock or preferred stock

thereby leading to reduction in the number of stock outstanding

When EPS is lower than analyst prediction

this would be due to reduction in the net income

or

increase of stock or preferred stock due to fresh issue

Insurance against issues that could lead to reduction on income and inrease in the activities that will lead to net income increase can help meet or surpass analyst prediction

7 0
2 years ago
State and explain ways to set-up business in domestic market?
Murljashka [212]

Answer:

Explanation:Buy products in bulk to sell.

Sell homemade products you make yourself.

Start a dropshipping store.

Start a print-on-demand store.

Sell your service or expertise.

Productize your service or expertise.

Grow an audience you can monetize.

Buy an existing ecommerce business.

3 0
3 years ago
Suppose Brazil has a comparative advantage in coffee production and Mexico has a comparative advantage in tomato production. If
lawyer [7]

Answer:

The correct answer is A. Brazilian tomato producers are worse off.

Explanation:

A country has a comparative advantage in producing a good and service if its opportunity cost of producing that good and service is lower than that of its trading partner. So it is better off for a country that has a lower opportunity cost in production a good or service to specialise in that good or service.

Brazil has a comparative advantage in coffee production, meaning, it is better off in specialising in the production of coffee and will be worse off if Brazil specialises in Tomato

Mexico has a comparative advantage is Tomato, meaning, she is better off in specialising in Tomato and worse off if she specialises in Coffee

6 0
3 years ago
Parker Pharmaceuticals is a corporation that employs over 400 workers. As the firm continues to grow, the need for discipline am
Virty [35]

Answer:

The following best supports a decision to use the progressive disciplinary action approach:

B) Parker wants an informal procedure for disciplining employees.

Explanation:

A disciplinary procedure is the way your employer deals with discipline when they believe that your conduct or performance is not up to the expected standard. Disciplinary procedures may involve something as simple as an informal chat, and escalate to involve letters, meetings and appeals

Informal disciplinary actions include: oral or written admonishments; letters of counseling, caution, instruction or warning, as well as letters of requirement.

These are the steps of progressive discipline actions:

Step 1: Verbal Counseling(s) A verbal counseling is generally the first step of progressive discipline.  

Step 2: Written Warning(s) A written warning is generally the second step of progressive discipline.

Step 3: Performance Improvement Plan (PIP).

Step 4: Termination of Employment.

In most cases, it is far better for the employer to resolve issues informally wherever possible. Depending on what the issue is, it may be appropriate to have an informal chat or verbal warning with someone rather than going through the process of issuing a formal warning.

The purpose of an informal meeting is to discuss issues which would not have an appropriate place in a formal meeting. They may be designed to make one of the participants feel more at ease and more free to speak their mind than they would in a more formal setting.

4 0
3 years ago
Pina Corporation entered into an operating lease agreement to lease equipment from Badger, Inc. on January 1, 2017. The lease ca
posledela

Answer:

= $80,273

Explanation:

Value of the right of use asset = Value of lease liability - cash incentive received + costs incurred for lease

                  = $82,773 -$ 6,000 + $3,000 + $500

                     =$80,273

4 0
2 years ago
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