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grigory [225]
3 years ago
9

Mining Corporation bought land for $330,000 (residual value $22,000) that is estimated to yield 660,000 pounds of a removable na

tural resource. The amounts of natural resources extracted in 2020 and 2021 were 77,000 and 99,000 pounds, respectively. Determine depletion for 2020 and for 2021
Business
1 answer:
likoan [24]3 years ago
6 0

Answer:

35933

$46,200

Explanation:

Depletion = amount of pounds extracted x depletion factor

depletion factor  = (cost of asset - salvage value) / estimated yield

(330,000 - 22,000) / 660,00 = 0.467

2021 = 0.467 x 99,000 = $46,200

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3 years ago
Woolman College is considering the construction of a new women’s dormitory. The dormitory will have 80 rooms and the ability to
lisov135 [29]

Answer:

IF WOOL MEN CHARGES $3100 PER STUDENT,THEN CONTRIBUTION PER STUDENT=

CHARGES PER STUDENT =$3100

LESS:VARIABLE COST

SUPPLIES ($350)

ASSISTANT SALARY ($155)

($7000/45)

CONTRIBUTION $2595

COST PER STUDENT:

SUPPLIES $350

OFFICE  ($7000/45) $155

INSURANCE ($40000/240*) $167

REPAIR ($32000/240) $133

AND MAINTENANCE

DEPOSIT ($60000/240) $250

TOTAL $1055

Explanation:

The given table will elaborate it more.

7 0
3 years ago
The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of bottling and save mo
dmitriy555 [2]

Answer:

$19,385.93

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-48,000.

Cash flow in year 1 = $18,000.

Cash flow in year 2 = $22,000.

Cash flow in year 3 = $25,000.

Cash flow in year 4 = $12,000.

Cash flow in year 5 = $7,000.

I = 9%

NPV = $19,385.93

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

7 0
3 years ago
The Ritz-Carlton hotel offers restaurants with the finest service, elevators that run smoothly, and a front desk that processes
Ksju [112]

Answer:

The correct answer is C

Explanation:

Operation management is the management who govern or administrate the business practices in order to create or generate the highest level of the efficiency within the organization. It is concerned with the management of the operations of the business. Therefore, the operation management is the one who is responsible for executing the customer benefits like elevators which run smoothly, front desk which processes people quickly.

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3 years ago
Question 9 On September 28, 2017, Out to Get You, Corp. sold inventory, originally costing $6,900, for $7,500 on credit. The acc
Margaret [11]

Answer:

The Cost of Goods Sold will be understated by $6,900 and the Sales Revenue will be understated by $2,500.

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The sale of goods on credit will affect the Cost of sales and the Sales Revenue. The Cost of Goods Sold will be understated by $6,900 and the Sales Revenue will be understated by $2,500.

8 0
3 years ago
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