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3 years ago

Which ocean resource is currently not economically profitable to mine? gravel sand manganese nodules salt?

Business

2 answers:

kenny6666 [7]3 years ago

7 0

Answer:

Manganese nodules

Explanation:

maks197457 [2]3 years ago

5 0

<span>Manganese nodules are an ocean resource that is not currently economically profitable to mine. These nodules, about the size of a potato, form on the bottom of the ocean and in addition to manganese contain copper, nickel and cobalt. The main reason they are not economically viable at this time is that there are already plenty of these metals to be found on land.</span>

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Ireland Corporation obtained a $40,000 note receivable from a customer on June 30, 2011. The note, along with interest at 6%, is

Paul [167]

Answer:

$39,220

Explanation:

The maturity value of the note receivable on June 30, 2012

= Principal + Interest

= $40,000 + $40,000 x 6%

= $40,000 + $2,400

= $ 42,400

The note is discounted on September 30, 2011. Time period remaining to go till maturity as on September 30, 2011

= 12 - 3 months ( July, Aug and Sep)

= 9 months.

Amount of deduction

= $ 42,400 x 10% x 9/12

= $ 3,180

Finally, the Cash received by Ireland will be

= Maturity value - Discount

= $42,400 - $ 3,180

= $39,220

5 0

3 years ago

What are the two basic parts of a management plan?

weqwewe [10]

Answer: banks statements and break down of property structures.

6 0

3 years ago

ABC company received a special order for 5000 untis at a sales price of 10 per unit. ABC normally sells these for 12 each. Each

slamgirl [31]

Answer:

The increase in pre-tax income 20,000

Explanation:

The fixed cost of production would remain the same whether or not the special order is taken, hence, irrelevant for the decision at hand.

The sale price for the special order=10

the variable cost per unit=6

contribution margin per unit from special order=10-6=4

The increase in pre-tax income=total contribution margin from special order

The increase in pre-tax income=5000*4

The increase in pre-tax income=20,000

Hence, accepting the order is worthwhile.

4 0

2 years ago

One of your employees has performed well this year. At performance appraisal time, she asks you about how raise and bonus amount

mr Goodwill [35]

Answer:

The best method of distributing the resources is Equity.

Explanation:

Under the equity method of distribution, the resources are paid on the basis of their performance. This method focuses on the performance of the employees. More the hard work more will be the bonus. It is a fair method of distribution of resources.

5 0

3 years ago

Listed below are several transactions. For each transaction, indicate whether the ca financing, or noncash activity. Also, indic

mariarad [96]

Answer:

1. <u>Operating and Cash outflow:</u> Payment of employee salaries.

2. Investing and Cash inflow: Sale of land for cash. Investing

3. Operating and Cash outflow: Purchase of rent in advance.

4. Operating and Cash inflow: Collection of an account receivable.

5. Financing and Cash inflow: Issuance of common stock.

6. Operating and Cash outflow: Purchase of inventory

7. Investing and Cash inflow: Collection of notes receivable.

8. Operating and Cash outflow: Payment of income taxes.

9. Noncash activity, so no effect: Sale of equipment for a note receivable.

10. Financing and Cash inflow: Issuance of bonds.

11. Investing and Cash outflow: Loan to another firm.

12. Financing and Cash outflow: Payment of a long-term note payable.

13. Financing and Cash outflow: Purchase of treasury stock.

14. Operating and Cash outflow: Payment of an account payable.

15. Investing and Cash inflow: Sale of equipment for cash.

Explanation:

A statement of cash flow is a financial statement that gives the aggregate cash inflow and cash outflow in an organization during an accounting period. The three categories of statement of cash flows are investing activities, financing activities, and operating activities.

1. Investing activities are essentially the cash activities with respect to non-current assets such as sale of equipment for cash.

2. Financing activities refers to cash activities with respect to owners’ equity and non-current liabilities such as purchase of treasury stock.

3. Operating activities are mainly the cash activities with respect to net income such as payment of employee salaries.

8 0

2 years ago