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Anika [276]
3 years ago
9

On July 1, 2019, Friedman Inc. invested $720,000 in a mine estimated to have 900,000 tons of ore of uniform grade. During the la

st 6 months of 2019, 100,000 tons of ore were mined.
Required:


1) Calculate depletion cost per unit.


2) Prepare the journal to record depletion.
Business
1 answer:
guajiro [1.7K]3 years ago
7 0

Answer:

A.$0.8

B.Dr Depletion account 80,000

Cr Coal mine Asset 80,000

Explanation:

Friedman Inc

A.

Depletion cost per unit = Amount invested / Estimated tons of ore

$720,000/900,000

=$0.8

B.

Journal entry

Dr Depletion account 80,000

Cr Coal mine Asset 80,000

Total depletion of ore = Number of ore ×Depletion cost per unit

=$0.8*100,000

=80,000

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Fiesta28 [93]

Answer:

Option A

Make the logistics function more complicated

Explanation:

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3 years ago
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Kitty [74]

Answer:

a) $28 Million

b) -$24 Million

Explanation:

The first part of the question is to determine the pension liability tht should be reported in the balance sheet

To do this, we use the following formula

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The formula Projected Benefit Obligation - The Plan Assets  still should be used but there is a difference as follows

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Choose the statement that is correct. A. The MC curve intersects the AFC​, AVC​, and ATC curves at their minimums. B. Initially
shepuryov [24]

Answer: C. The ATC curve eventually slopes upward because average variable cost eventually increases

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Why?

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I have included a simple graph to illustrate.

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3 years ago
An employer has 2500 employees. They may want to consider self-insurance for their health benefits plans and workers compensatio
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An employer has 2500 employees. They may want to consider self-insurance for their health benefits plans and workers' compensation plans because the employers can use duplication of exposure units in the insurance plans

<h3>What is Self-Insurance?</h3>

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An employee comes to work on time every day only because he knows that his pay will be docked if he is caught coming in late. Ho
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Answer:

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