How can being open to transfers help employees in their career growth?

Fitzgerald Oil and Gas incurred costs of $8.25 million for the acquisition and development of a natural gas deposit. The company

fiasKO [112]

Answer:

Depletion for Year 1: $1,925,000;

Depletion for Year 2: $2,200,000.

Explanation:

Please find the below for detailed explanation and calculation:

- First, calculate the depletion rate per cubic feet of natural gas extracted from the gas deposit:

+Depletion rate = Total cost of acquisition and development of the gas deposit/ total expected gas extraction from the deposit = 8,250,000/3,000,000 = $2.75 per cubic feet.

- Then, find the depletion for the year 1 and yer 2 given the actual extracted gas are given:

Depletion for year one = Depletion rate x actual gas extraction in year 1 = 2.75 x 700,000 = $1,925,000;

Depletion for year two = Depletion rate x actual gas extraction in year 2 = 2.75 x 800,000 = $2,200,000..

Hope you find the explanation helpful.

6 0

3 years ago

Stone co. began operations in year 1 and reported $225,000 in income before income taxes for the year. stone's year 1 tax deprec

ArbitrLikvidat [17]

The answer is c!!I hope this helped

4 0

4 years ago

Which of the following is NOT among the principal managerial components of the strategy execution process?

kifflom [539]

Answer:

The incorrect statement is letter "A": Tying rewards and incentives directly to the achievement of strategic and financial performance targets.

Explanation:

The managerial strategy-execution process allows firms to come up with a well-established method to clarify, transmit, apply and handle their operations within the organization to reach the company's goals. The method aims to give the firm the highest efficiency possible while achieving its objectives.

Implementing employees' additional compensations is not part of this approach.

4 0

3 years ago

Doon Company incurred the following costs while producing 580 units: direct materials, $ 5 per unit; direct labor, $ 29 per

Dominik [7]

Answer:

$22,040

Explanation:

The operating income using absorption costing is find out by using the following equation

Sales revenue $69,600 (580 units × $120)

Less:

Direct material cost $2,900 (580 units × $5)

Direct labor cost $16,820 (580 units × $29)

Variable manufacturing overhead $5,800 (580 units × $10)

Fixed manufacturing overhead $12,180

Variable selling and admin cost $1,740 (580 units × $3)

Fixed selling and admin cost $8,120

Operating income using absorption costing $22,040

We simply deduct the all cost from the sales so that the operating income under absorption costing could come

3 0

3 years ago

You own a portfolio that has $3,100 invested in Stock A and $4,200 invested in Stock B. Assume the expected returns on these sto

mina [271]

Answer:

The expected return on portfolio is 14.45%

Explanation:

The expected return on portfolio is the weighted average return of the stocks that form up the portfolio. Thus, the weighted average return can be calculated by multiplying the weights of each stock in the portfolio by their expected return. The formula for portfolio return for a two stock can be written as,

Portfolio return = wA * rA + wB * rB

Where,

w represents the weight of investment in each stock in portfolio as a proportion of total investment in the portfolio
r represents the rate of return

Total investment in portfolio = 3100 + 4200 = $7300

Portfolio return = 3100/7300 * 0.11 + 4200/7300 * 0.17

Portfolio return = 0.1445 pr 14.45%

8 0

4 years ago