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RoseWind [281]
3 years ago
10

During 2020, Concord Corporation acquired a mineral mine for $3700000 of which $395000 was ascribed to land value after the mine

ral has been removed. Geological surveys have indicated that 10 million units of the mineral could be extracted. During 2020, 1520000 units were extracted and 1300000 units were sold. What is the amount of depletion expense for 2020
Business
1 answer:
Ivanshal [37]3 years ago
6 0

Answer:

$429,650

Explanation:

Cost of Mineral Mine             $3,700,000

Less: Ascribed Land Value   <u>$395,000</u>

Depletionable Value             <u>$3,305,000</u>

No of units can be extracted from Mine = 10,000,000 units

No of units Sold = 1,300,000 units

Depletion Value = $3,305,000/10,000,000 * 1,300,000

Depletion Value = $429,650

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When the bond sells at par, the implicit €/$ exchange rate at maturity of a Euro/U.S. dollar dual currency bond that pays $651.2
Anna007 [38]

Answer:

€1.54/$1.00

Explanation:

When the bond sells at par, the implicit €/$ exchange rate pays €651.25 at maturity per €1000

651.25/1000= 1/x

Cross multiply

651.25x = 1000

x= 1000/651.25

x= 1.54

Hence the implicit exchange rate is €1.54/$1.00

4 0
3 years ago
Failure by a promissory notes maker to pay the amount due at maturity is known as_________.
Andreas93 [3]

Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.

A dishonored note is a that  promissory note which has not been paid by a debtor in a given  reasonable amount of time.  It causes the creditor to write off the recorded revenue as a  bad debt.

With the help of promissory note, a buyer  can make a short-term commitment to pay any supplier for merchandise within the stated time period and  also at a certain interest rate.

In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is  expecting to  collect payment eventually or not.

A bill is  always considered as dishonored either by non-acceptance or by non-payment of the bill.

To know more about dishonored note here:

brainly.com/question/9220878

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5 0
2 years ago
Which term identifies the occurrence of the system denying access to someone who is actually authorized?
timama [110]
False negative is the term identifies the occurrence of the system denying access to someone who is actually authorized. It is the inability of a network device to detect real security events under circumstances.  Therefore, not detecting or alerted by any malicious activities. 
5 0
4 years ago
A sample consensus formula for fluid replacement recommends that a balanced salt solution be administered in the first 24 hours
sp2606 [1]

Answer:

A 176-lb (80-kg) man with a 30% burn should receive a minimum of 2,400 ml of fluid replacement in the first 8 hours

The answer is option b. 2,400 ml

Explanation:

<em>Step 1: Determine total minimum ml per percentage of burn</em>

Minimum ml per kg=2 ml

The man is 80 kg

Total minimum ml to be administered per percentage of burn=minimum ml per kg×weight of the man

replacing;

Total minimum ml to be administered= 2×80=160 ml per percentage

<em>Step 2: Determine total minimum ml  in the first 24 hours</em>

This can be expressed as;

Total minimum ml to be administered=Total minimum ml to be administered per percentage of burn×percentage of burn

where;

Total minimum ml to be administered per percentage of burn=160 ml per percentage of burn

percentage of burn=30%

replacing;

Total minimum ml to be administered in the first 24 hours=160×30=4,800 ml

<em>Step 2: Determine total minimum ml  in the first 8 hours</em>

total minimum ml to be administered in the first 8 hours=50%×4,800

(50/100)×4,800=2,400 ml

A 176-lb (80-kg) man with a 30% burn should receive a minimum of 2,400 ml of fluid replacement in the first 8 hours

6 0
3 years ago
Home-Baked Bread Company hires Ike to sell the company’s products in a certain area. Home-Baked Bread agrees to pay Ike a salary
Vaselesa [24]

Answer: The control the company has over Ike's job details.

Explanation:

The Home-baked bread company and Ike share something in common which is the fact that Ike is an employee of the company and also he is to be paid by the company.

As an employee of the bread company, they still control Ike's job role and can decide to vary or maintain his current job role depending on what the company desires to achieve. Also if he doesn't meet up to some target he can still be laid off, due to the fact that he is still on his trial period.

3 0
3 years ago
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