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ra1l [238]
3 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:
pochemuha3 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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Hodgkiss Mfg., Inc., is currently operating at only 92 percent of fixed asset capacity. Current sales are $780,000. Fixed assets
EleoNora [17]

Answer:

$17,835.90

Explanation:

Currently Hodgkiss is operating at 92% of its fixed asset capacity, so they have an spare 8% to grow without adding any more fixed assets: ($780,000 / 92) x 100 = $847,826.09.

So they need to add fix assets in to increase its production by $32,173.91 (= $880,000 - $847,826.09).

Every dollar spent in fixed assets generates at full capacity $1.8039 in production output (= $847,826 / $470,000).

If they want to increase production by $32,174, they will need to spend $17,835.90 in fixed assets.

4 0
3 years ago
which professionals do interest groups hire to represent them? responses lobbyists lobbyists economists economists journalists j
goldenfox [79]

Option (a) is the best choice. Interest groups pay lobbyists to serve as their representatives.

<h3>What does interest group lobbying entail?</h3>

The act of lobbying is the direct approach taken by a lobbyist to influence public figures to promote the agenda of their clientele. The National Rifle Association is an illustrative lobbying organization. Interest groups are associations of people who get together for the purpose of influencing the government.

<h3>Why would a lobbyist be employed by an interest group?</h3>

Lobbyists are employed by interest groups to sway elected authorities. Access to public figures in all areas of government is sought after by lobbyists. By informing government officials about the interests of their group and engaging in grassroots lobbying, lobbyists attempt to sway policy. Many lobbyists have prior public service experience.

Learn more about Lobbyists: brainly.com/question/509906

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7 0
1 year ago
Comparing each item on a financial statement with a total amount from the same statement is referred to as
Arada [10]

Answer: vertical analysis

Explanation:

Vertical analysis is when each item on a financial statement is compared with a total amount from the same statement.

Vertical analysis refers to a financial statement analysis method whereby each line item in a statement is listed as a percentage of the base figure. In such case, each amount in the income statement will then be restated as a percentage of sales.

8 0
3 years ago
When an administrative assistant reorders office supplies for a business, placing the same order as last month without checking
belka [17]

Answer:

The correct answer is straight rebuy.

Explanation:

The straight buyback is a routine, low participation purchase. A minimum of information is needed and consideration of alternatives is not necessary. This type of purchase is handled by the purchasing department and is usually acquired from a list of approved suppliers. Examples of straight repurchase are repeating purchases of office supplies, and small parts.

4 0
3 years ago
How can a user see the properties attached to a field in a database?
alukav5142 [94]

Answer: use the design view, and click the field name

Explanation:

5 0
3 years ago
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