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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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you have 300,000 saved for retirement. your account earns 6% interest. How much will you put out each month
Marat540 [252]

$2727

What is compound interest?

Compound interest, also known as interest on principal and interest, is the adding of interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest. In finance and economics, compound interest is common.

In contrast to simple interest, which does not compound since past interest is not added to the principal for the current period, compound interest allows interest to build over time. The interest per period multiplied by the number of periods in a year yields the simple annual interest rate.

Learn more about compound interest with the help of given link:-

brainly.com/question/18456266

#SPJ4

5 0
2 years ago
In the short-run, the Sure-Screen T-Shirt Company is producing 500 units of output. Its average variable costs are $2.00 and its
Dmitry [639]

Answer:

the correct answer is $1,250

Explanation:

(The average variable costs + the average fixed costs) *  Production units

             =

The firms total costs

$2.00 + $0.50 =$2.50

$2.50 * 500= $1,250

GOOD LUCK

8 0
3 years ago
Mr. Brown is in the 10 percent federal income tax bracket and wants to invest $10,000 in interest-earning assets. Mr. Black is i
snow_lady [41]

Based on the information given, the corporate bond will be recommended for Mr. Brown while the municipal bond will be recommended for Mr Black.

<u>Mr Brown:</u>

The after-yield tax on corporate bonds will be:

= Before tax yield × (1 - tax rate)

= 4% × (1 - 0.10)

= 3.60%

After tax yield on municipal bond will be:

= 3.5% × 1 = 3.5%

The corporate bond is recommended.

For <u>Mr. Black</u>

The after-yield tax on corporate bonds will be:

= 4% × (1 - 0.35)

= 2.60%

The after-yield tax on municipal bonds will be:

= 3.5% × 1

= 3.5%

Therefore, the municipal bond is recommended.

Red related link on:

brainly.com/question/25379770

5 0
2 years ago
What is the difference between industrial and consumer goods?
lina2011 [118]
“Industrial goods are materials used in the production of other goods.” “Consumer goods are finished products that are sold to and used by consumers”

LINK TO WHERE I FOUND THAT INFO:
https://www.investopedia.com/ask/answers/050415/how-are-industrial-goods-different-consumer-goods.asp

Hope that helped have a great day! :)
4 0
3 years ago
Read 2 more answers
1. When processing cash payments, the cashier accepts the check and cash payment from the
Tasya [4]

Answer:

That statement is true.

Explanation:

Most companies require this type of procedures to ensure that the employees wouldn't scam the customers during the transaction process.

Restating the total and the total changes allow the guests to conduct a self-calculation for the purchase, ensuring whether the price is suitable to the price tag that provided on the counter.  This prevent the employees from giving a higher price to the customers and taking the additional amount for themselves.

8 0
3 years ago
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