1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Naily [24]
3 years ago
6

Aspen Ore purchased a vein of coal ore for $5,300,000. It is estimated that 32,000,000 tons of ore are available to be extracted

. The estimated depletion expense for this year’s extraction of 2,790,000 tons of ore is: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
Business
1 answer:
emmasim [6.3K]3 years ago
5 0

Answer:

$462,094

Explanation:

Depletion expense is a charge against profits for the use of natural resources. It is calculated by multiply the number of consumed units of the natural resources by the cost per unit.

Cost per unit = Total cost / total number of units expected to be extracted = $5,300,000 / 32,000,000 = 0.165625

Depletion expense = Cost per unit x  extracted units =  0.165625 x 2,790,000 = $462,094

You might be interested in
As a store manager, Leah has to play the role of negotiator, such as purchasing products at a fair price for her company. As she
crimeas [40]

Answer:

negotiator

Explanation:

According to my research on different management roles and responsibilities, I can say that based on the information provided within the question Leah is playing the negotiator role. This is the act of bargaining in order to obtain the best possible outcome in a certain scenario. Like what Leah is doing in order to get the best price for certain products.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Read 2 more answers
A family with 45000 in asserts and 22000 of liabilities would have a net worth of?
-Dominant- [34]

The answer would be B, $23,000.

8 0
3 years ago
Read 2 more answers
Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5,000. However, Richland’s real GDP per person
dangina [55]

Answer:

It will take approximately 36 Years to Poorland to catch up to Richland.

Explanation:

Given data:

The GDP increase in Poorland per year = 1 %

The GDP increase in Richland per year = 3 %

Calculations:

Step 1: For Richland:

The formula for calculating the per year GDP increase for Richland is:

GDP = 10,000 + (10,000 x (1/100)) ---- (1)

GDP for first Year = 10,100$

GDP for second Year = 10,201 $

Similarly using the formula (1) we calculated the values for 10 and 20 years

GDP for 10th Year = 11046.2$

GDP for 20th Year = 12201.9$

Step 2: For Poorland:

The formula for calculating the per year GDP increase for Poorland is:

GDP = 5,000 + (5,000 x (3/100)) ---- (1)

GDP for first Year = 5,150$

GDP for second Year = 5,304.5 $

Similarly using the formula (1) we calculated the values for 10 and 20 years

GDP for 10th Year = 6719.6$

GDP for 20th Year = 9030.6$

Step 3: When will Poorland catch up to Richland:

By calculating values using the above formulas, we have found that for 38th year, Poorland will catch upto Richland and will have more GDP.

Poorland GDP for 36th Year = 14491.4$

Richland GDP for 36th Year = 14307.7$

6 0
3 years ago
Sasha, a production manager at ZestCorp Inc., must predict future labor demand using information about inventory levels from the
Olegator [25]

Answer:

Trend Analysis

Explanation:

Trend analysis pertains to categorizing and assigning statistical prototypes that indicate labor demand for the next business year. That is, forecasting your future labor need from past experience and statistical data. This gives Sasha a reasonable objective statistics from the past 3years which she will base her forecast on for the next year. These statistics are also called leading indicators. In this technique. Sasha is utilizing trend analysis to anticipate labor demand.

8 0
3 years ago
On November 1, 2021, Aviation Training Corp. borrows $48,000 cash from Community Savings and Loan. Aviation Training signs a thr
mixas84 [53]

Answer:

Explanation:

The journal entries are shown below:

(A) Cash A/c Dr $48,000

             To Notes payable A/c $48,000

(Being note is issued for cash)

(B) Interest expense A/c Dr $480

              To Interest payable A/c $480

(Being accrued interest adjusted)

The computation is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $48,000 × 6% × (2 months ÷ 12 months)

= $480

The 2 months is calculated from November 1 to December 31

(C) Interest expense A/c Dr $240

Interest payable A/c Dr $480

Notes payable A/c Dr $48,000

                       To Cash A/c $48,720

(Being cash is paid on maturity)

The computation is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $48,000 × 6% × (1 months ÷ 12 months)

= $480

The 1 months is calculated from December 31 to January 31

8 0
3 years ago
Other questions:
  • The most important factor in helping children to build a strong sense of self-efficacy is to
    10·2 answers
  • White Company manufactures furniture. Assume the following information: Manufacturing overhead is allocated based on machine hou
    10·1 answer
  • The term bench marking as relates to the hotel industry refers to A-line by line analysis's of the operating statement comparing
    15·1 answer
  • Salt is the product formed by a reaction in which _______ atoms of an acid are replaced by the atoms of a metal.
    13·1 answer
  • The – effect means Tommy’s – will shift because he has less purchasing power. As a result, he may choose the regular-size steak
    14·1 answer
  • In order for a broker to write an offer for a buyer on a HUD-acquired property, the broker must use a:
    15·1 answer
  • Crane Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 483 units that cos
    6·1 answer
  • Colby has been with a company since it opened. He currently has a lot of responsibility at work and is very good at
    5·2 answers
  • The condensed product-line income statement for Rhinebeck Company for the month of October is as follows:
    15·1 answer
  • What is the term given to a specialized accounting book or computer program in which information is transferred into specific ca
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!