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
NISA [10]
3 years ago
8

Knowledge Check 02 Mountain Top, Inc., owns a coal mine with a depletion rate of $4 per ton of coal. A total of 100,000 tons wer

e mined, but only 80,000 tons were sold during the current year. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. Date Account Title Debit Credit Dec. 31
Business
1 answer:
Goryan [66]3 years ago
3 0

Answer:

Explanation:

The journal entry is shown below:

Depletion expense A/c Dr $320,000

Coal inventory A/c $80,000

     To Accumulated depletion $400,000

(Being the entry is recorded)

The computations are shown below:

1. For Depletion expense

= 80,000 tons × $4 per ton of coal

= $320,000

2. For accumulated depreciation

= 100,000 tons × $4 per ton of coal

= $400,000

You might be interested in
When shipments from a number of sources are combined into one larger shipment going to a single location, the operation is known
Anit [1.1K]

When shipments from a number of sources are combined into one larger shipment going to a single location, the operation is known as warehouse consolidation.

Product Shipments means, for each Performance Period, the quantitative and measurable number of units of a particular Product shipped during that Performance Period.

Cargo is a word used as a noun to describe goods being transported. Shipping is a word that is used both as a noun and as a verb. When used as a verb, it includes the word ship and thus refers to the actual transportation of goods, not necessarily by sea.

Total shipments represent the quantity shipped by regular shippers or the quantity paid by regular shippers during the base period, whichever is greater.

Learn more about shipments here:brainly.com/question/12887070

#SPJ4

7 0
1 year ago
An increase in u. S. Interest rates relative to german interest rates would likely ____ the u. S. Demand for euros and ____ the
Naya [18.7K]

An increase in US. Interest rates relative to German interest rates would likely reduce the u. S. Demand for euros and increase the supply of euros for sale.

<h3>What is the impact of an increase in interest rate on a country's currency?</h3>

When the interest rate of a country's currency increases, the value of that currency increases. As a result, there would be an increase in the demand for that currency relative to other currencies.

When the US interest rates increase relative to that of Germany, the value of the dollar would increase. This would lead to an increase in the demand for the dollar and a decrease in demand for the euros.

To learn more about currencies, please check: brainly.com/question/17180334

6 0
2 years ago
A privately owned summer camp for youngsters has the following data for a 12-week session: Charge per camper Fixed costs Variabl
shtirl [24]

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $192,000

Unitary variable cost= $320 per week

Selling price per unit= $480 per week

<u>To calculate the total cost, we need to use the following formula:</u>

Total cost= fixed costs + unitary variable cost*number of units

Total cost= 192,000 + 320*number of weeks

<u>Now, the total revenue:</u>

Total revenue= selling price per week*Number of weeks

Total revenue= 480*x

<u>Finally, the break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 192,000 / (480 - 320)

Break-even point in units= 1,200 campers

3 0
3 years ago
If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d
Alecsey [184]

Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

If manufacturing overhead has been under-allocated during the period, then which of the following is true?

(a) the jobs produced during the period have been over-costed

(b) the jobs produced during the period have been under-costed

(c) the jobs produced during the period have been costed correctly

(d) none of the above

When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.

7 0
3 years ago
A car and a computer are examples of what?
Naya [18.7K]
Answer: Secondary needs


Explanation; Secondary needs are generally psychological, such as the need for nurturing, independence, and achievement. While these needs might not be fundamental for basic survival, they are essential for psychological well-being.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Standard Olive Company of California has a $1,000 par value convertible bond outstanding with a coupon rate of 8 percent and a m
    15·1 answer
  • How should the work-to-complete outbound deliveries be prioritized?
    12·1 answer
  • Company is a management consulting firm. Last​ month, Pacific completed a consulting job for Client 76 and assigned total costs
    5·1 answer
  • ​Finishing the construction of a home two days after the contract called for completion (no injury occurs) most likely will be c
    10·1 answer
  • Which of the following statements is false? a. A multinational company pays taxes only in the country in which it is headquarter
    8·1 answer
  • Ann is interested in purchasing Ted's factory. Since Ann is a poor negotiator, she hires Mary to negotiate the purchase price. I
    14·2 answers
  • Why would an analyst include among other things, airplane parts, legal services and software, in an analysis of international ec
    6·1 answer
  • Revenue is $6,000,000 the first year. You anticipate that it will increase by 6% a year for the subsequent 5 years. Assume an in
    7·1 answer
  • What remarketing audiences cannot be defined by default?.
    9·1 answer
  • Suzette is leasing a condo from the Garcias. She has been renting the condo for over three years. She renews the lease each year
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!