1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olya-2409 [2.1K]
3 years ago
8

Oriole Company purchased for $8,767,800 a mine that is estimated to have 48,710,000 tons of ore and no salvage value. In the fir

st year, 2,830,000 tons of ore are extracted. (a1) Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit $enter the depletion cost per ton amount in dollars per ton
Business
1 answer:
atroni [7]3 years ago
4 0

Answer:

the depletion cost per unit is $0.18 per ton

Explanation:

The computation of the depletion cost per unit is shown below;

We know that

Depletion cost per ton is

= (Total cost - salvage value) ÷ total estimated units

= ($8,767,800 - $0) ÷ 48,710,000

= $0.18 per ton

Hence, the depletion cost per unit is $0.18 per ton

we simply applied the above formula so that the depletion cost per ton could come

You might be interested in
JBS Inc. recently reported net income of $4,750 and depreciation of $885. How much was its net cash provided (used) by operation
stepan [7]

Answer:

net cash provided is $5,635

Explanation:

                                                  Amount ($)

Net Income                                 4,750

Depreciation                                  885

Change in inventory                     (200)

Change in accounts payable    <u>    200 </u>  

Net cash flows from Operation<u>   5,635</u>

The depreciation is a none cash item that was initially deducted to get the net income, hence it is added back in the cash flows statement.

An increase in inventory represents an outflow of cash hence the negative value. The increase in trade payable is an increase in a liability representing an inflow of cash hence it is positive.      

7 0
3 years ago
Which feature helps streamline the purchasing process once a customer approves an estimate?
Lina20 [59]

The feature helps streamline the purchasing process once a customer approves an estimate is Copy to purchase order from an estimate. Thus the correct answer is B.

<h3>What is a customer?</h3>

A customer refers to a person who purchases the product. He may or may not utilize the product. The final user of any product is referred to as a consumer.

Once your estimate has been approved by the client, you can quickly copy it to a purchase order to speed up the procedure. Purchase orders only receive copies of products that are clearly indicated as vendor purchases.

Therefore, option B Copy to purchase order from an estimate is appropriate to answer.

Learn more about customers, here:

brainly.com/question/14530604

#SPJ4

The complete question is Question 1

Which feature helps streamline the ordering process once a customer approves an estimate?

Price Rules

Copy to purchase order from an estimate

Automatic Purchase Orders

Export Data

4 0
2 years ago
What is a cancelled check?
melisa1 [442]

Answer:

Explanation:

A cancelled check is a check payment for which the stated amount of cash has been removed from the payer's checking account. Once the cash draw down is completed, the bank stamps the check as cancelled. ... Paid by the drawee bank to the payee bank. Cash is paid into the payee's account by the payee bank

3 0
3 years ago
You purchased six TJH call option contracts with a strike price of $40 when the option was quoted at $1.30. The option expires t
jek_recluse [69]

Answer:

Profit = $0.60

Explanation:

Call option is an option to buy by paying a call premium. The option is exercised when current market price is more than the strike price. In this case, the strike price is $40 and the premium is $1.30, whereas the current market price is $41.90. The option buyer can exercise the contract by purchase the stock at lower price and sell at current market price to gain return. The gain will be calculated as:

Value = Current Price - Strike Price

Value = 41.90 - 40

Value = 1.90

To calculate the profit, we needs to subtract premium cost from value:

Profit = Value - Call Premium

Profit = 1.90 - 1.30

Profit = $0.60

5 0
3 years ago
A spirits manufacturer is considering two potential production investments: Option A costs an initial $2 billion and will involv
Bingel [31]

Answer:

$73.333

Explanation:

10% of the initial 2 billion = 200000000

getting the information from the promblem we have that...

initial cost is 2 billion. Total fixed cost 2200000000.

in this way the average fixed cost is calculated with this formula

AFC= average fixed cost

AFC = 2200000000 / 30000000

AFC= $73.333 for the option A facility

6 0
3 years ago
Other questions:
  • In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 pe
    6·1 answer
  • Which of the following is an exanple of a function skill​
    10·2 answers
  • Consider the following five constraints x1 + 2x2 ≤ 3, x1 − x2 ≥ 0, 2x1 + x2 ≤ 3, x1 + 5x2 ≤ 6, x1 − 2x2 ≥ −1. (a) Sketch the fea
    11·1 answer
  • Ellen and Fred work on the loading dock for Grange Storage. Ellen, who has a disability, requests a transfer, which would repres
    6·1 answer
  • The manager of a firm believes that she would lose sales if she raised her prices by $2.00, but the revenue lost would be more t
    7·1 answer
  • A Whopper combo meal costs $3.00 and gives you an additional 15 units of utility; a meal at the Embassy Suites costs $29.00 and
    12·1 answer
  • You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.
    6·1 answer
  • At the end of the month, you have only $10 left in your checking account. You deposit your $200 pay­check from your part-time wa
    6·1 answer
  • The amount of a good that buyers are willing and able to purchase at a given price.
    10·1 answer
  • Indicate whether the following costs of procter &amp; gamble (pg), a maker of consumer products, would be classified as direct m
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!