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tensa zangetsu [6.8K]
3 years ago
8

Cantor Co. purchased a coal mine for $2,000,000. It cost $500,000 to prepare the coal mine for the extraction of the coal. It wa

s estimated that 750,000 tons of coal would be extracted from the mine during its useful life. Cantor planned to sell the property for $100,000 at the end of its useful life. During the current year, 15,000 tons of coal were extracted and sold. What would Cantor's depletion amount be per ton for the current yea
Business
1 answer:
Ksivusya [100]3 years ago
8 0

Answer:

Depletion cost  for current year $ 48,000

Explanation:

Computation of depletion amount

Purchase cost                                                                       $ 2,000,000

Preparation cost                                                                   <u>$     500,000 </u>  

Cost of mine                                                                         $ 2,500,000

Sale value at end of period                                                 <u>$(    100,000)</u>

Depletion basis of mine                                                       $ 2,400,000

Total estimated extraction from mine                                       750,000 tons

Cost of extraction per ton ( $ 2,400,000 / 750,000)        $ 3.20 per tons

Extraction during year                                                             15,000 tons

Depletion cost for the year                                                 $ 48,000                                        

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عنکبوتی را به حکمت دام داد<br>صدر عالم را درو آرام داد<br>راب حکمت​
Licemer1 [7]

Answer:

Explanation:خوب ، گفتن عنکبوت عاقلانه است ، آیا این ارتباطی با هر کاری دارد که من بتوانم شما را بفهمم ، زیرا من از مترجم استفاده می کنم

6 0
3 years ago
Random Co. purchased a machine for $400,000 that has a five year life and will produce annual net cash inflows of $110,000 per y
inysia [295]

Answer:

NPV = $39,230

Payback period = 3.64 years

Explanation:

The net present value (NPV) = (net annual cash flow x interest factor) - investment

NPV = ($110,000 x 3.993) - $400,000 = $439,230 - $400,000 = $39,230

The payback period = investment / net annual cash flow = $400,000 / $110,000 = 3.64 years or 3 years, 7 months and 19 days

You can also calculate the PV of each annual cash flow which will give you a more precise result, but the variation is minimal:

PV = ($110,000 / 1.08) + ($110,000 / 1.08²) + ($110,000 / 1.08³) + ($110,000 / 1.08⁴) + ($110,000 / 1.08⁵) = $439,198

and the NPV = $39,198

5 0
3 years ago
On January 10, Chen Co. issued an $80,000, 6%, 90-day note payable to Rao Co. Using a 360-day year, what is the total interest e
Yanka [14]

Answer:

d. $1,200

Explanation:

The computation of the interest expense is shown below:

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

= $80,000× 6% × (90 days ÷ 360 days)

= $1,200

We simply apply the simple interest formula

Since the number of days and the total number of days are given so we considered the same for the computation part.

4 0
3 years ago
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Pavel [41]
The major factor that contributes to the decline of occupations in industries such as textile and clothing is due to the change of technology. Through the technological advancement, innovators are able to machines that work twice as fast as human beings.
7 0
3 years ago
Read 2 more answers
A student organization is developing promotions for its clothing fundraiser. Email blasts across campus will be part of the camp
Masja [62]

Answer: Logistic regression

Explanation:

The type of model that the student group can utilize to analyze which features are important for explaining whether someone opens a promotional email is the logistic regression.

Logistic regression is the regression analysis that's used to conduct in a case whereby the dependent variable is binary.

With regards to the question, the logistic regression can provide the best model which will be used to forecast the most important features for the opening of the promotional e-mail.

8 0
2 years ago
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