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4 years ago

Discount stores are self service merchandise outlets that sell goods at lower prices than usual and ____

1 answer:

8 0

Discount stores are self service merchandise outlets that sell goods at lower prices than usual and have smaller mark ups.

Discount stores have to sell the products cheaper than a regular store or they wouldn't be able to call themselves a discount store. Some examples are Dollar General and Walmart, which pride themselves on the "lowest prices around".

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Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,000. It incurs additional costs of $600,000 to access th

satela [25.4K]

Answer:

Option C is the correct answer.

Debit Depletion Expense $1,358,500; credit Accumulated Depletion $1,358,500.

Explanation:

Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,000. It incurs additional costs of $600,000 to access the deposit, which is estimated to contain 2,000,000 tons and is expected to take 5 years to extract. Compute the depletion expense for the first year assuming 418,000 tons were mined.

Depletion expense = ( Mineral Deposit Cost + Additional cost)/ Estimate Extraction * N0 of ton extracted in first year

Depletion expense = (5900000 + 600000)/2000000 * 418000

Depletion expense = $ 1,358,500

6 0

3 years ago

If someone has AIDS which is controlled, the employee cannot be treated unfavorably. This is in accordance with the EEOC regulat

gavmur [86]

Answer:

This is in accordance with the EEOC regulations relating to discrimination based on Disability

7 0

3 years ago

"3. For this question only, assume that on January 2, 2018, Pops, Inc. acquired 192,000 shares of Son Corp. at a cost of $10 per

NISA [10]

Answer:

The investment in Son Corp. should be reported on Pops' December 31, 2018 balance sheet at $1,920,000 ($10 * 192,000).

Explanation:

There is no indication that the fair price of the shares of Son Corp. has changed from its original cost of $10. Therefore, the investment in Son Corp. can only be reported on the balance sheet of Pops' at the cost price on acquisition. But, assuming that the price has fluctuated over the period, the investment would have been valued at the current market price multiplied by the number of shares.

3 0

4 years ago

Mason Holdings is expected to pay dividends of $.20 every quarter for the next three years. If the current price of Mason stock

Nesterboy [21]

Answer:

Price of the stock at the end of three years =$34,27

Explanation:

Price of the stock today = $\frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{D3}{(1+ke)^3}+\frac{P3}{(1+ke)^3}$ .

Where D1 is the total dividend earned in year 1 =$0.2*4=$0.8

D1=D2=D3=$0.8

therefore, from the given information

$$22.60=\frac{0.8}{(1+0.18)^1} + \frac{0.8}{(1+0.18)^2} +\frac{0.8}{(1+0.18)^3} + \frac{P3}{(1+0.18)^3}$ .

Solve for P3, which is the price of the stock at the end of three years =$34,27.

8 0

3 years ago

Genetech corp. has invested heavily to develop a patented new product. genetech wants to achieve a rapid return on its investmen

Luba_88 [7]

Genetech corp. has invested heavily to develop a patented new product. Genentech wants to achieve a rapid return on its investment. it probably should set a profit maximization.

Profit maximization in economics refers to the short- or long-term process through which a corporation chooses the price, input, and output levels that result in the largest profit. The firm is typically modelled as maximizing profit in neoclassical economics, which is currently the dominant approach to microeconomics.

Economic and social well-being are indirectly influenced by the profit maximization idea. A company uses and allocates resources effectively when it is profitable, and this results in payments for capital, fixed assets, labour, and organization. Economic and social welfare is achieved in this way.

Learn more about profit maximization here:

brainly.com/question/17233964

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6 0

2 years ago