Answer:
Dr Depletion expense 66,640
Cr Accumulated depletion 66,640
Explanation:
Coronado Corporation
Journal entry
Dr Depletion expense 66,640
Cr Accumulated depletion 66,640
Total Cost = $448,000+$112,000 =
$ 560,000
Depletion per ton
= ($560,000-$179,200)/4,480
= 85 per ton
Depletion first year = 784*85 = 66,640
Answer:
a. Supplies Expense $3,700Supplies $3,700
Explanation:
The entries required when supplies are purchased is
Debit Supplies account
Credit cash/accounts payable
At the point of use of these supplies, the entries required are
Debit Supplies expense account
Credit supplies account
Hence the supplies used
= $5,000 - $1,300
= $3,700
Entries to be posted to adjust
Debit Supplies expense account $3,700
Credit supplies account $3,700
Answer:
D. All world-class companies use ERP to integrate all company functions.
Answer:
False
Explanation:
If an investment project can be repeated, i.e. its life cycle can be extended by reinvesting, the NPV of the project will change.
When considering two mutually exclusive projects, the NPV method should always be considered before the IRR as a means of evaluating which project should be carried out.
Answer:
counterproposals
Explanation:
Instead of trying to reach a compromise that both Desi and Consuela will agree upon, they are just shouting out different options that will only make one of them happy. Whatever Desi says, Consuela will give a counterproposal that suits only her point of view, and vice versa when Consuela gives an option.
Unless both cool down and realize that they are both probably wrong, at least to some extent, they will continue to argue for a long time and no positive outcome will be possible.
