C. that you also helped create the conflict
Answer:
None of the above options are correct
Depletion amount in 2019 = $52.480
Explanation:
The Cost of Quarry (Depletion Base ) = $164000
Estimated Salable Rock (Units Extracted) = 20000 tons
Depletion Rate = Depletion Base /Units Extracted
Depletion Rate for 2018 = 164000/ 20000 = $8.2/ton
Units Extracted in 2018 = 4000 tons
Depletion amount in 2018 = Depletion Rate for 2018 *Units Extracted in 2018
Depletion amount in 2018 = $(8.2*4000) = $32800
In 2019
Depletion Base in 2019 = The Cost of Quarry - Depletion amount in 2018 = 164000-32800 = $131200
Estimated Salable Rock in 2019 (Units Extracted) = 20000 tons
Depletion Rate for 2019 = 131200/ 20000 = $6.56/ton
Units Extracted in 2019 = 8000 tons
Depletion amount in 2019 = $(6.56*8000) = $52480
Answer:
Total cash expense= $181,675
Explanation:
Giving the following information:
Manufacturing cost:
April= $155,800
May= $190,300
Insurance is not paid in May.
Property tax is paid in November.
Depreciation is not a cash expense.
<u>Total cash payment May:</u>
Manufacturing cost May= 190,300*0.75= 142,725
Manufacturing cost April= 155,800*0.25= 38,950
Total cash expense= $181,675
Answer:
c. a debit to Inventory for $10,000
Explanation:
Whenever goods are purchased on a discount to be received on payment basis, the inventory is first recorded at cost.
Also as per the general rule, discount is a kind of income, and incomes are recorded only when earned, therefore, the cost of inventory shall be reduced by 4% only when the payment is made, therefore the inventory on the date of purchase shall be recorded at $10,000 only and not for $9,600.
Thus, correct option is c
Answer:all of the above are Correct (D)
Explanation:
Real GDP is a macro economic statistics that measure the value of the goods and services produced by an economy in a specific period , adjusted for inflation. Government use both minimal and real GDP as metrics for analyzing economic growth and purchasing power over time.
