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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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Hi-Tech, Inc., reports net income of $65.0 million. Included in that number are depreciation expense of $5.5 million and a loss
Greeley [361]

Answer:

Net Cash Flows from operating activities is $68.5 million.

Explanation:

The indirect Method would be used here because all we will find the cash expenses and revenues that were converted into within the year and are reported in the income statement by calculating the increase and decrease in the current assets and current liabilities. Here we will also eliminate the non cash expense effects by adding them back.

The net cash flows from operating activities can be calculated using the following method:

                                                                 Millions

1. Net Income                                                65

<u>Add Non Cash Deductions</u>

2. Depreciation                                             5.5

3. Loss on sale of Equipment                       1.5

<u>Add / (Less) the increase or </u>

<u>decrease in current Assets or </u>

<u>liabilities</u>

4. Increase in Trade Receivables                (2.5)

5. Increase in Trade Payables                      3.5

6. Increase in inventory                               <u> (4.5) </u>

Net Cash Flows from operating activities $68.5

4 0
3 years ago
Employee involvement and participation​ (eip) management is a method of management where​ ________.
Fittoniya [83]
It's a method where <span>subordinates share a significant degree of decision-making power with their immediate superiors
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3 years ago
Consumers who take vitamin/mineral supplements should be aware that excessive intakes could pose hazards, and should refer to th
BaLLatris [955]

Answer:

estimated average requirement

Explanation:

Many people (if not almost everyone) believes that vitamins and minerals are good, and more of them are even better. But anything in excess, including good things can be bad for you. E.g. if you do not consume enough iron you might develop anemia, but excess iron can poison you.

The estimated average requirement (EAR) values are intake levels that meet at least 50% of the populations needs. Your individual requirement levels might vary depending on your height, weight, age or activity levels, but the EAR serves as a good starting point to calculate your own individual needs.

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3 years ago
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Product marketers must decide what products will be offered (i.e., the breadth and depth of the product line ). The product line breadth is one of the four dimensions associated with a company's product mix.
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Culture is important in communication because a competent speaker...
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