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andrey2020 [161]
3 years ago
6

Clark Oil and Gas incurred costs of $15.3 million for the rights to extract resources from a natural gas deposit. The company ex

pects to extract 8 million cubic feet of natural gas during a six-year period. Natural gas extracted during years 1 and 2 were 800,000 and 1,600,000 cubic feet, respectively. What was total depletion for year 1 and year 2, assuming the company uses the units-of-production method
Business
1 answer:
miss Akunina [59]3 years ago
7 0

Answer and Explanation:

The computation is shown below

Depletion expense per cubic feet  would be

= Total cost ÷ Total cubic feet

= $15.3 million ÷ 8 million

= $1.9125 per cubic feet

Now

Depletion for year 1

= Number of cubic feet extracted × Depletion per cubic feet

= 800,000 × $1.9125

= $1,530,000

And, for the depletion for year 2

= 1,600,000 × $1.9125

= $3,060,000

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do you have a picture of a graph

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Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the firs
liberstina [14]

Answer:

44

Explanation:

Opening units  710

Started                  8200

                          8910

Transffered         -7650

Closing                  1260

                                        Cost Table        

Cost     opening   current       total      complete    WIP   Equivelant      cost        

Head cost  cost         cost          units       units   prod. units     per unit

Material  8,000    138,000    146,000    7,650       1,134   8,784     16.6211  

C C   7,000    324,000   331,000    7,650    882   8,532    38.7951                                                                                                                   55.4163  

 

 

       

5 0
3 years ago
Which of the following is a substantive culture-changing action that a company's managers can undertake to alter a problem cultu
adelina 88 [10]

Answer:

B. Revise policies and procedures in ways that will help drive cultural change and replace senior executives who are resisting and obstructing needed organizational and cultural changes.

Explanation:

Culture of a company are the accepted ways of doing things on a daily basis with a view of achieving organisational goals. It includes the way employees interact with one another and their customers, procedures carrying out tasks, and so on.

The management of the company are the drivers of company culture, so a substantiative culture-changing action that can be taken to solve a problem culture will include replacing senior executives who are resisting and obstructing needed organizational and cultural changes, and revising policies and procedures in a way that will drive culture change

6 0
4 years ago
the final report should include an assessment of the effectiveness of the project team, not only in terms of actual performance
Dima020 [189]

The final report should include an assessment of the effectiveness of the project team, not only in terms of actual performance on the project, but also with regard to team building and staffing policies.

The continual process of discovering, choosing, assessing, and establishing a working rapport with present or potential employees is referred to as staffing. Finding qualified applicants to fill the various positions inside the firm is the major purpose of staffing.

Staffing is the process of finding, vetting, and hiring new employees inside a company or organization to fill unfilled positions. A staffing department may also be responsible for handling other aspects of employment, such as orientation, training, retention, and termination.

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6 0
2 years ago
Your parents are giving you $205 a month for 4 years while you are in college. At an interest rate of .48 percent per month, wha
luda_lava [24]

Answer:

$8,770.00

Explanation:

In this question we use the present value formula i.e shown in the attachment below:

Data provided in the question

Future value = $0

Rate of interest = 0.48%

NPER = 4 years × 12 months = 48 months

PMT = $205

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the answer would be $8,770.00

7 0
4 years ago
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