they generally manage hotels for a fee
Supply-chain management <span>system integrates supplier, manufacturer, distributor, and customer logistics processes.
In a supply-chain management system, the company will structurize a perfect flow from the transformation of raw material until the finished goods received by the customers. This requires the integration between </span><span>supplier, manufacturer, distributor, and customer logistics processes</span>
Answer:
Firm's cash coverage ratio = 9.64
Explanation:
We know,
Cash coverage ratio = Cash and Cash equivalents ÷ current liabilities
However, as there is no such information regarding cash and cash equivalents and liabilities, we have to use alternative formula,
Firm's cash coverage ratio = (EBIT + Depreciation Expense) ÷ Fixed charges
Given,
EBIT = $400,000
Depreciation Expense = $24,000
Fixed charges = $44,000
Therefore,
Firm's cash coverage ratio = ($400,000 + 24,000) ÷ $44,000
Firm's cash coverage ratio = $424,000 ÷ $44,000
Firm's cash coverage ratio = 9.64
Answer:
D) $22.5 Million
Step-by-step Explanation:
To calculate the cost of goods sold of minerals we first need to compute the depletion cost.
- Calculate Cost depletion:
Formula: × <em>U</em>
<em>Where:</em>
<em>APV = </em>Adjusted property Value.
<em>TR = </em>Total reserves.
<em>U = </em>Units extracted in a given period.<em> </em>
Data:
- APV: [$40 + (0.25 × $100) + $60] = 125,000,000
- TR: $20 million tons
- U: 2 million tons.
Putting values in the formula:
Depletion cost = × 2,000,000 = 12,500,000
- Calculate costs of goods sold:
CGS = (Depletion cost + wages and extraction costs)
CGS = 12,500,000 + 10,000,000 = $22,500,000
- The wages and other cost wasn't included in Depletion cost because it is an inventory cost which is supposed to be included in the cost of goods sold.