Answer:
Inventory Dr $77,175
To Accumulated depletion $77,175
(being the depletion is recorded)
Explanation:
The journal entry is shown below:
Inventory Dr $77,175
To Accumulated depletion $77,175
(being the depletion is recorded)
For recording this we debited the inventory as it increased the assets and credited the accumulated depletion as it decreased the assets
The computation is shown below:
= (Cost of coal mine + intangible development cost + estimated fair value of the obligation - sales value) ÷ (extracted estimated tons) × (extracted tons for the first year)
= ($420,000 + $105,000 + $84,000 - $168,000) ÷ (4,200 tons) × (735 tons)
= $77,175
Answer:
The correct answer is option A.
Explanation:
The demand for Digital Video Recorders is given as Q = 250 - .25p + 4pc.
Here,
Q is quantity demanded of video recorders and p is the price.
The quantity is represented in 1000 units.
And, pc is the price of cable television.
The coefficient of p is negative which means that as p increase Q will decline.
So when p increases by $40, Q will decline by
=
= 10,000 units
Answer:
Date Account Debit Credit
September 18 Cash $3,537.80
Sales discount $ 72.20
Accounts Receivable $3,610
Explanation:
Net merchandise sold = 3,950 - 340
= $3,610
Sales discount is 2% if paid in 10 days which Jepson did.
= 2% * 3,610
= $72.20
Cash = Net sales - discount
= 3,610 - 72.20
= $3,537.80
Registered elections are conducted by the Executive Authority
<u>Explanation:
</u>
With the announcement by Gov. Rick Perry of a primary election to fill the vacancy started the process of replacing Leaguer’s seat. For any vacant seat in the Legislature a really proclamation is necessary.
In compliance with Texas Election Law, the special election must always be held at least 36 days once the Governor declares it. Within the case of Legler, the date of the general election is fixed by Perry on November 6.
Whenever a seat in the parliament is vacant until a term is completed, the governor shall make a special choice to do so. The primary is usually held in May or October, but the race could be held earlier if the governor wants to fill the seat in an emergency.
The voters have to contend with expressing their complaints to workers rather than lawmakers between the period when a resignation takes place and the special election.
Answer:
B) $24294
Explanation:
PVIFA = (1 - (1 + r)^-n)/r
= (1 - (1 + 8%)^-10)/8%
= 6.710
PVIF = 0.4632
present value = (amount expected to receive for the first 10 years)×(PVIFA) + (amount expected to receive for the second 10 years)×(PVIFA)×(PVIF)
= (2000)×(6.710) + (3500)×(6.710)×(0.463)
= $24293.6
≈ $ 24294