Answer:
$26,000
Explanation:
To calculate the total depletion expense for a year, we must first calculate the depletion expense for every ton of ore extracted:
depletion expense per ton = cost of the mine / total tons extracted
depletion expense per ton = $1,600,000 / $400,000 = $4 per ton extracted
If during the first year Weber Company extracted 6,500 tons, their depletion expense for the year = 6,500 tons x $4 per ton = $26,000
Answer:
fixed overhead price variance - 14300 (F)
fixed overhead PRODUCTION VOLUME variance -12,300 (U)
Explanation:
Given data:
overhead applied =$362,200
actual overhead =$388,800
budgeted overhead = $374,500
fixed overhead price variance = actual overhead - budgeted overhead
fixed overhead price variance =388,800 - 374,500 = 14300 (F)
fixed overhead PRODUCTION VOLUME variance = overhead applied - budgeted overhead
fixed overhead PRODUCTION VOLUME variance =362,200-374,500 = -12,300 (U)
The expected share price after the third dividend is GH¢ 20.22
What is stock price?
The stock price can be determined as the present value of future dividends, years 1-3 and the present value of all dividends beyond year 3 which is known as the terminal value(i.e. the unknown selling price after the third dividend as required in this case)
The terminal value is the present value of future dividends after 3 years which needs to be discounted 3 years backward in the process of computing share price
Share price=12
Year 1 dividend=1
Year 2 dividend=2
Year 3 dividend=3
Terminal value=unknown (assume it is X)
discount rate=32%
Each future dividend can be discounted using the present value formula of a single cash flow shown below:
PV=FV/(1+r)^N
FV=each future cash flow/dividends
r=discount rate=32%
N=the year of dividends, 1 for year 1, 2 for year 2
12=1/(1+32%)^1+2/(1+32%)^2+3/(1+32%)^3+X/(1+32%)^3
12=3.20978378829618+X/(1+32%)^3
12-3.20978378829618=X/(1+32%)^3
(12-3.20978378829618)*(1+32%)^3=X
X=(12-3.20978378829618)*(1+32%)^3
X=GH¢ 20.22
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Answer:
$12,892.67
Explanation:
Given:
Deposit amount (P) = $5,000
Interest Rate(I) = 7% (compounded annually) = 7/100 = 0.07
Number of years (n) = 10+4 = 14 years
Amount (A)=?
Calculation:
Amount = $12,892.67
So, we get $12,892.67 , 10 years from today.
Consumers and business in the market economy seek to earn money so they can buy products so that they don't go out of business.
