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ra1l [238]
2 years ago
5

Early in the current year, Tokay Co. purchased the Silverton Mine at a cost of $25,120,000. The mine was estimated to contain 24

0,000 tons of ore and to have a residual value of $4,000,000 after mining operations are completed. During the year, 225,000 tons of ore were removed from the mine. At year-end, the book value of the mine (cost minus accumulated depletion) is:
$21,120,000.

$5,320,000.

$19,800,000.

$17,120,000.
Business
1 answer:
pochemuha2 years ago
8 0

Answer:

$5,320,000

Explanation:

the cost per ton   = Cost - salvage value/ estimated tons.

                          = 25,120,000 - 4,000,000 /240,000

                           = $88 per ton

Tons remaning  = 240,000 - 225000

                          = 15,000 ton

book value of the mine at year-end  = (15000 ton x $88) + 4,000,000

                                                            = 132000 + 4,000,000

                                                           = $5,320,000

Therefore, At year-end, the book value of the mine (cost minus accumulated depletion) is $5,320,000

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Veronika [31]

Answer: Barbara needs to look for running balance or the amount the has been recorded.

7 0
3 years ago
Context content and culture are
Black_prince [1.1K]

Complete Question:

Context, content and culture are:

O Important ethical concepts

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O Three dimensions of evaluating corporate gifts.

Answer:

Context, content and culture are:

O Three dimensions of evaluating corporate gifts.

Explanation:

Corporate gifts may turn out to be regarded as bribery if they are meant to induce the other party to alter their behaviors.  This is why in evaluating corporate gifts, the criteria have always included the context (the circumstances in which the gifts are given), the content (how much is given), and the culture (the accepted general practice in a particular industry, locality, or region).  Generally, corporate gifts are given either as means of showing appreciation, creating positive first impression, or returning some favors.

8 0
2 years ago
Home Services common stock offers an expected total return of 14.56 percent. The last annual dividend was $2.27 a share. Dividen
prohojiy [21]

Answer:

Dividend yield=10.3%

Explanation:

Mv=Do(1+g)/(Ke-g)

MV=?

Do=2.27

g=2.1%

Ke=14.56%

Mv=2.27(1+2.1%)/(14.56%-2.1%)

MV=2.75/(12.46%)

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5 0
3 years ago
Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company
shutvik [7]

Answer:

Micro environment                                              

Explanation:

The institution's micro-environment comprises of those components that are manageable. Generally the micro-environment doesn't really impact all businesses in a sector in same manner, as the scale, efficiency, competence and approaches are different.

For instance, the suppliers of raw materials are giving big corporations more compromises. We might not offer small businesses the same concessions though. Thus, from the above we can conclude that the correct answer is micro-environment.

5 0
2 years ago
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MaRussiya [10]

Answer:

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Market failure is the when there is an inefficient distribution of goods and services in the free market.

One of the types of market failure is externality

Externality is when the production or consumption activities of economic agents have effects on people not involved in the economic activity. Externality can either be positive or negative

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation  

8 0
3 years ago
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