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
OLEGan [10]
3 years ago
7

In April 2013, Sparkle Enterprises purchased the Crimson Mine at a cost of $18,000,000. The mine is estimated to contain 500,000

tons of ore with a residual value of $2,000,000 after mining operations are completed. During 2013, 120,000 tons of ore were removed from the mine and sold. In this situation:
a. The book value of the mine is $16,000,000 at the end of 2013.
b. The amount of depletion deducted from revenue during 2013 is $3,840,000.
c. The amount of depletion deducted from revenue during 2013 is $2,000,000.
d. The mine is classified as an intangible asset with in indefinite life and is not amortized.
Business
1 answer:
DaniilM [7]3 years ago
6 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

In April 2013, Sparkle Enterprises purchased the Crimson Mine for $18,000,000. The mine is estimated to contain 500,000 tons of ore with a residual value of $2,000,000 after mining operations are completed. During 2013, 120,000 tons of ore were removed from the mine and sold.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= (16,000,000/500,000)*120,000= $3,840,000

You might be interested in
Stacy purchased a stock last year and sold it today for $4 a share more than her purchase price. She received a total of $1.15 p
dusya [7]

Answer: B. The capital gains yield is positive.

Explanation:

The Capital Gains Yield is a percentage figure that tells how much an investment has increased in price from it's acquisition.

It works by taking the new value and dividing it by the original value.

Using Stacy as an example, the Stock increased by $4 so assuming she bought the stock for even $0.1 then her Capital Yield is,

= 4/0.1

= 40 * 100%

= 4000% which is positive

As long as the stock was sold for more than it was bought, Capital Yield Gain is positive.

7 0
3 years ago
"At Artistic Floral Creations, the non-managerial employees all receive the same pay increase every year. Usually this increase
vladimir1956 [14]

Answer:

Artistic Floral Creations has a entitlement philosophy of compensation.

Explanation:

A compensation philosophy is simply refers to a formal statement which documents a company's position about the compensation of its employees.

It is an explanation of the reason for employee payment and it creates a framework for consistency. Employers use their compensation philosophy to attract, retain and motivate employees

Entitlement philosophy of compensation therefore assumes that the employees who have worked for another year in a company are entitled to pay increases, regardless of their performance differences. This action is often geared towards a higher job performance, and job satisfaction.

5 0
3 years ago
Read 2 more answers
Any Good Knock Knock Jokes? <br><br> Asking for an assignment and it cannot be proven that I'm not.
Over [174]
Knock, Knock...
-Who’s there?
-interrupting cow
-interrupti—
-MOOOOO
5 0
3 years ago
Read 2 more answers
A researcher wants to find out if adults who watch violent television shows will behave more aggressively. Name the dependent va
densk [106]

The scientists are trying to find if TV causes aggressions. TV is the independent variable and aggression depends on if the adults watch the TV.

4 0
3 years ago
Read 2 more answers
Assume that product Alpha and product Beta are both priced at $1 per unit and that Ellie has $20 to spend on Alpha and Beta. She
Yanka [14]

Answer: In order to maximize utility, Ellie should buy more of Alpha and less of Beta

Explanation: Marginal utility is the quantity of added satisfaction that a consumer enjoyed from consuming additional units of goods or services. Marginal utility is the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service. However, in determining how much of an item consumers are willing to purchase marginal utility is used.

5 0
3 years ago
Other questions:
  • How has the Internet changed entertainment marketing? Predict how the internet will change entertainment marketing in the future
    7·1 answer
  • ________is one area of strategic decision making that "considers inventory ordering and holding decisions and how to optimize th
    13·1 answer
  • A study comparing perceptions of punctuality in the United States and Brazil found that Brazilian timepieces are less reliable a
    10·1 answer
  • Which of the following would be covered by a home insurance policy?
    5·1 answer
  • An activity variance is due to the difference between the level of activity used in the flexible budget and the actual level of
    13·1 answer
  • wendy is a college student in her sophomore year. She is single with no kids, and has her education paid for by schlorship
    9·1 answer
  • Which of the following traits indicate that Stephanie is good at time management in her new management role?Stephanie's work spa
    6·1 answer
  • Quentin operates an ice cream franchise which has shops throughout the United States. CoolCream Co., the franchisor, supplies th
    15·1 answer
  • Lester Dunbar sold to Walter Masters real property on which Charles Endicott held a first mortgage. Masters expressly assumed th
    8·1 answer
  • What is one reason why a business may incorporate a dress code?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!