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loris [4]
3 years ago
11

In some states, mining companies are deemed to own not only the minerals but also the space the minerals occupied before they we

re removed, thereby earning the distinction of ownership states. However, when the owner of an oil or gas well is able to claim all that is pumped from it, regardless of whether the oil or gas migrated from adjacent property, this is referred to as a ________ state.
Business
1 answer:
Genrish500 [490]3 years ago
7 0

Answer:

The correct answer is: Law of capture.

Explanation:

The Law of capture is an original British common law adopted by many states in the U.S. that allows individuals who find resources like groundwater, oil, and gas to extract them as much as they can. The rule also states that the first individual extracting those resources is the one that owns it.

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Calvert Corporation expects an EBIT of $23,300 every year forever. The company currently has no debt, and its cost of equity is
Gnesinka [82]

Answer:

Missing <em>"b-1. What will the value of the firm be if the company takes on debt equal to 50 percent of its unlevered value?  b-2. What will the value of the firm be if the company takes on debt equal to 100 percent of its unlevered value?"</em>

a. Current value of the company = EBIT*(1-t) / Ke

Current value of the company = $23,300*(1-0.25) / 0.143

Current value of the company = $23,300*0.75 / 0.143

Current value of the company = $17,475 / 0.143

Current value of the company = $122202.7972027972

Current value of the company = $122,202.80

So, the current value of the company is $122,202.80.

bi. Value of the company = $122,202.80 + (0.25*$122,202.80*0.5)

Value of the company = $122,202.80 + $15,275.35

Value of the company = $137,478.15

bii Value of the company = $122,202.80 + (0.25*$122,202.80*1)

Value of the company = $122,202.80 + $30,550.7

Value of the company = $152,753.5

7 0
3 years ago
At December 31, 2019, Skysong Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,966
Fittoniya [83]

Answer:

Earnings per share from continuing operations is $3.41 per share.

Earnings per share from discontinued operations is -$0.53 per share.

Explanation:

The earnings per share data can be computed by preparing a partial income statment as follows:

Skysong Corporation

Income Statement (Partial)

As at December 31, 2019

<u>Particulars                                                                            Amount ($)   </u>

<u>Continuing operations</u>

Income from continuing operations before taxes           22,887,900

Taxes on continuing operations (22,887,900 * 35%)    <u>   (8,010,765)  </u>

Income from continuing operations after taxes                14,877,135

Preferred dividends declared                                        <u>   (1,089,660)  </u>

Income from continuing operations after pref. div.        <u>   13,787,475 </u>

<u>Discontinued operations</u>

Discontinued operations (loss before taxes)                    (3,284,900)  

Tax benefit on discontinued oper. (3,284,900 * 35%)      <u>    1,149,715  </u>

Discontinued operations (loss after taxes)                    <u>     (2,135,185) </u>

<u>Earnings per share:</u>

Continuing operations  (13,787,475 / 4,044,060)                      3.41

Discontinued operations (2,135,185 / 4,044,060)                    (0.53)

5 0
3 years ago
Darren has borrowed $100$ clams from ethan at a $10\%$ simple daily interest. meanwhile, fergie has borrowed $150$ clams from ge
Oxana [17]

Answer:

20

Explanation:

start doing math

7 0
2 years ago
Discuss the effects of the hard lockdown on Eskom's operations?
ICE Princess25 [194]

The effect of the hard lockdown on Eskom's operations was that the parliamentary committees had to leave officials in Pretoria.

<h3>What were Eskom's operations?</h3>

Eskom's operations refer to the operation of the Electricity Supply Commission in South Africa.

When the hard lockdown was placed during the pandemic on Eskom's operations in South Africa, this led to parliamentary committees leaving the officials in Pretoria because they believed that having digital meetings will be better than face-to-face.

hence, The effect of the hard lockdown on Eskom's operations was that the parliamentary committees had to leave officials in Pretoria.

learn more about Eskom's operations:

brainly.com/question/3785658

#SPJ1

8 0
2 years ago
A firm incurs $35,000,000 of actual OH costs. It has a PDOH rate of $450 per machine hour and 100,000 machine hours were actuall
ella [17]

Answer:

c.  Debit: Overhead Control $10,000,000  

Credit: Cost of Goods Sold $10,000,000

Explanation:

The journal entry to close the overhead account is presented below:

Overhead Control A/c Dr $10,000,000

       To Cost of Goods Sold A/c  $10,000,000

(Being the overhead account is closed)

The computation is shown below:

= Applied overhead - actual overhead

where,

Applied overhead equal to

= $450 × 100,000 machine hours

= $45,000,000

And, the actual overhead is $35,000,000

So, the amount would be

= $45,000,000 - $35,000,000

= $10,000,000

Since the applied overhead is greater than the actual overhead, so we debited the overhead control account and credited the cost of goods sold account

5 0
3 years ago
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