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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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[based on the results of the simulation, can policy market interventions cause a change in consumer or producer surplus? explain
WITCHER [35]

When the intervention rises the price stage of goods, then the incentive to supply extra desires increases and consequently growing manufacturers' surplus. So policy market can motivate both client and producer surplus.

A tax causes consumer surplus and producer surplus (earnings) to fall.. some of those losses are captured inside the tax, however, there may be a loss captured with the aid of no celebration—the value of the devices that could be exchanged had been there no tax. those lost gains from trade are called deadweight losses.

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6 0
1 year ago
A registered representative sends a prospecting letter to customers stating that significant profits can be achieved by purchasi
nalin [4]

Answer:

B) must be balanced by a statement that trading options can also result in significant losses.

Explanation:

Representatives do not trade securities by themselves, they only enter orders on behalf of their clients and following their clients' orders. That means that the clients assume the risk of losing money due to a bad investment. The clients are also the ones that benefit the most since it is their money being invested. Any statement that states the possibility of significant earnings, must also include the possibility of significant losses.

5 0
3 years ago
A 14-week construction activity requires a crane that rents for $1,000 per week and a crew of general laborers that costs $5,000
Helen [10]

Answer: C) $2,000 per week.

Explanation:

The slope of the project refers to the additional amount that it would cost to be able to finish the project faster than schedule.

In the question, the construction activity is for 14 weeks at a rate of $5,000 for the laborers per week. If you wanted to reduce this project duration to 10 weeks, you will have to spend an additional $2,000 more per week.

This $2,000 is therefore the slope of the activity.

3 0
2 years ago
Use the following information to answer the next question. Harvey quit his job at State University where he earned $45,000 a yea
algol [13]

Answer: Option(a) is correct.

Explanation:

Total Revenue = Units sold × price per unit sold

                        = 11,000 × $75

                        = $825,000

Explicit cost = Units sold × cost per unit

                    = 11,000 × $55

                    = $605,000

Implicit cost = Earning at state university + Entrepreneurial talent + cash bonds at 10% interest

                    = $45000 + $5,000 + ($100,000 × 10%)

                    = $60,000

Economic profits = Total Revenue - (Explicit cost + Implicit cost)

                            = $825,000 - ($605,000 + $60,000)

                            = $825,000 - $665,000

                            = $160,000

7 0
3 years ago
If a firm is hiring inputs under purely competitive conditions, then any level of output will be produced with the least-cost co
Lunna [17]

Answer:

If a firm is hiring inputs under purely competitive conditions, then any level of output will be produced with the least-cost combination of resources A and B when:_____.

A

4 0
3 years ago
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