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IgorC [24]
3 years ago
6

Land containing a mine having an estimated 1,000,000 tons of economically extractable ore is purchased for $375,000. after the o

re deposit is removed, the land will be worth $75,000. if 100,000 tons of ore are mined and sold during the first year, the depletion cost charged to expense for the year is:
Business
1 answer:
Leokris [45]3 years ago
7 0
Should your answr  be a ratio it is 75/375
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Lance Chips granted restricted stock units (RSUs) representing 40 million of its $1 par common shares to executives, subject to
Rom4ik [11]

Answer:

$200 million

Explanation:

Data provided in the question

Number of granted restricted stock = 40 million at $1 par common shares

The market price per share = $5

So, the total compensation cost is

= Number of granted restricted stock × market price per share

= 40 million × $5 per share

= $200 million

Basically we multiplied the number of granted restricted stock with the market price per share

8 0
3 years ago
The tools, skills, organization, and knowledge used to extract energy from nature are the
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What kind of energy like solar panels and windmills.
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3 years ago
Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest c
Mademuasel [1]

Answer:

Allocated costs= $116.7

Explanation:

Giving the following formula:

The activity rates associated with each activity pool are $8.70 per guest check-in, $18.00 per room cleaning, and $3.00 per served meal (not including food).

Julie Campbell visited the hotel for a 5-night stay. Julie had 6 meals in the hotel during the visit.

<u>To allocated costs, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated costs= 8.7 + 18*5 + 3*6

Allocated costs= $116.7

5 0
3 years ago
What will be the depreciation, via the straight line method, if the cost of a plant is $43,250, estimated disposal value is $3,2
Alinara [238K]

Answer:

depreciation expense per year 8,000

Explanation:

<u>The first step,</u> is to calculate the depreciable amount for the asset:

cost - salvage value = amount subject to depreciation

43,250 - 3,250 = 40,000 = depreciable amount

<u>Then,</u> we calculate the depreciation per year:

depreciable amount/ useful life = depreciation per year

40,000/5 = 8,000

In some particular cases, the first year the asset enter the accounting it could be for a period of half the accounting period, so only half-year depreciation is appliedon the first year.

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3 years ago
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Well I’m young so I make money through part time jobs such as chick fila or some other restaurant that pays
4 0
2 years ago
Read 2 more answers
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