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KatRina [158]
3 years ago
10

Bering Rock acquires a granite quarry at a cost of $590,000, which is estimated to contain 200,000 tons of granite and is expect

ed to take 6 years to remove. Compute the depletion expense for the first year assuming 38,000 tons were removed.
Business
1 answer:
murzikaleks [220]3 years ago
7 0

Answer:

$112,100

Explanation:

The depletion expense for the year is the tons of granite removed in the year divided by the total expected granite removable multiplied by the cost of acquiring the granite quarry of $590,000.

Tons of granite removed in the year is 38,000 tons

total granite removable is 200,000 tons

depletion expense=38,000/200,000*$590,000=$ 112,100.00  

The depletion expense is $112,100

The appropriate journal entry would to debit depletion expense with $112,100 and credit accumulated depletion

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The demand curve of a monopolistically competitive producer is Multiple Choice less elastic than that of either a pure monopolis
Reil [10]

Answer:

more elastic than that of a pure monopolist, but less elastic than that of a pure competitor.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  In the long run, firms earn zero economic profit.  

A monopolistic competition is when there are many firms selling differentiated products in an industry. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.  An example of a monopoly is a utility company

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Perfect competition has a perfectly elastic demand.

A monopolistic competition's demand is more elastic than that of a monopoly because there are more than one firm in the industry unlike a monopoly

so, perfect competition has the most elastic demand, followed by a monopolistic competition and then a monopoly

8 0
3 years ago
In general, what are the benefits of the Internet to (i) the business person, (ii) an organization, (iii) a nation and (iv) a gl
steposvetlana [31]

Answer:

Explanation:

The Internet is essential for a successful business. The Internet helps businesses to achieve their goals and succeed in this competitive market. Marketing is important for business, and in this case the internet is the first and most important marketing tool for business owners. The Internet gives entrepreneurs great advantages in building a business infrastructure based on customer data and information. In this modern era, successful work without the Internet is impossible. The Internet has changed the ways in which education, communication and data are imported and exported. Internet technology provides excellent data management resources to offer customers unique and creative solutions.

The benefits of turning the organization world to the Internet are immense. The Internet provides great opportunities for organizational suppliers and cost reduction at all stages of the manufacturing process. Supply costs can be reduced through increased markets and increased competition through online supply systems. Another option is to transfer sales and data to cheaper channels. The Internet can significantly accelerate the market by reducing the time needed to transfer, purchase and process daily business contacts such as purchase orders, invoices and shipping. notifications. The Internet has greatly expanded the area of ​​information management: documents and technical documentation can be changed in real time, legally recognized signatures can be used, browsers can be accessed from suppliers and customers' data systems, and processes can be completed faster.

The Internet is a very effective tool for the nation. It has the potential to increase productivity through various but mutually reinforcing ways, including:

- Significantly reduce the cost of many operations required for the production and distribution of goods and services;

- Increase managerial efficiency, especially for companies to manage supply chains more efficiently and to communicate more easily within the company and with customers and partners;

- Increasing competition, price transparency and expanding markets for buyers and sellers;

Increasing marketing and pricing efficiency;

- Increase consumer choice, comfort and satisfaction in a variety of ways.

Many people like to think that mankind is at the beginning of a new era of enlightened communication. The visions are packed with how we can live, work, work and change our interactions with digital technology. It is believed that the Information Age will bring about fundamental change and development and that all countries around the world are building the necessary infrastructure, the "data highways" to respond to the challenges of twenty information societies. It is assumed that the digital revolution promises a lot of progress for developing countries and is allowed to leapfrog the more developed countries by leaps and bounds. The idea of ​​joining the global information society is strongly defended not only by business interests, but also worldwide. Increasingly, the measures are aimed at bringing new information technologies to less developed regions of the world, political agendas at the international, regional and national levels and less international development efforts. to improve people's lives. However, it is important to think about what these needs are if they are properly implemented. Disadvantaged people face major health problems, lack of education, and difficulties in ending.

6 0
3 years ago
Exporting countries primarily agree to voluntary export restraints (VERs) to A) minimize exposure in the importing country. B) r
romanna [79]

Answer:

C) avoid stiffer quotas being set by the importing country.

Explanation:

This simply explains the restrictions made in trades where a particular country gives another a specific limit to the a mount of products to be imported and also exported in some cases. Economic experts have argued that in cases of this such, compensation from winners to losers can potentially alleviate the redistribution problem. Also important to notice that not everyone’s welfare rises when there's a rise in national welfare. Instead, there's a redistribution of income. Consumers of the merchandise and recipients of the quota rents will benefit, but producers may lose. A national welfare increase, then, implies that the sum of the gains exceeds the sum of the losses across all individuals within the economy.

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Workplace harassment protects only a isn’t harassment that is physical in nature?
Dimas [21]
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What is the definition of the literary term “anthropomorphic”?
antiseptic1488 [7]

Answer:

An animal that has been given human attributes. The answer is the second one.

Explanation:

7 0
3 years ago
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