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On March 31, 2018, M. Belotti purchased the right to remove gravel from an old rock quarry. The gravel is to be sold as roadbed

garik1379 [7]

Answer:

None of the above options are correct

Depletion amount in 2019 = $52.480

Explanation:

The Cost of Quarry (Depletion Base ) = $164000

Estimated Salable Rock (Units Extracted) = 20000 tons

Depletion Rate = Depletion Base /Units Extracted

Depletion Rate for 2018 = 164000/ 20000 = $8.2/ton

Units Extracted in 2018 = 4000 tons

Depletion amount in 2018 = Depletion Rate for 2018 *Units Extracted in 2018

Depletion amount in 2018 = $(8.2*4000) = $32800

In 2019

Depletion Base in 2019 = The Cost of Quarry - Depletion amount in 2018 = 164000-32800 = $131200

Estimated Salable Rock in 2019 (Units Extracted) = 20000 tons

Depletion Rate for 2019 = 131200/ 20000 = $6.56/ton

Units Extracted in 2019 = 8000 tons

Depletion amount in 2019 = $(6.56*8000) = $52480

4 0

3 years ago

Aerotron Electronics is considering the purchase of a water filtration system to assist in circuit board manufacturing. The syst

tino4ka555 [31]

Answer:

Explanation:

Annual worth: this will be the annuity payment equivalent to all the cashflow of the investment. Thus the PMT of the net present value

Cash Investment at F0: 230,000/2 = 115,000

present value of 7,500 salvage value:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 7,500.00

time 7 years

MARR: 10% = 0.1

$\frac{7500}{(1 + 0.1)^{7} } = PV$

PV 3,848.69

Then, we need to calculate the present value of the loan discounted at 10%

half the investment is finance: 230,000 / 2 = 115,000

Then, this capitalize 2 year at 8% before the first payment:

$Principal \: (1+ r)^{time} = Amount$

Principal 115,000.00

time 2 year

MARR: 10% = 0.08000

$115000 \: (1+ 0.08)^{2} = Amount$

Amount 134,136.00

Now we need to discount this loan at 10% which is our rate of return:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 134,136.00

time 2.00

MARR: 10% = 0.1

$\frac{134136}{(1 + 0.1)^{2} } = PV$

PV 110,856.20

Finally: we add this values to get the resent worth:

115,000 + 110,856.20 - 3,848.69 = 222,007.51

Last step, we calculate the PMT of the present worth:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 222,007.51

time 7 years

MARR: 10% = 0.1

$222007.51 \div \frac{1-(1+0.1)^{-7} }{0.1} = C\\$

C $ 45,601.564

6 0

3 years ago

Explain what happens when markets do not have enough competition.

MatroZZZ [7]

Answer:

The price will be higher and output lower in absence of competition.

Explanation:

When the market does not have enough competition, it provides a certain degree of market power to the existing producers. They are able to regulate prices and output.

It is likely that the suppliers will provide a fewer quantities of goods at a higher price, in order to maximize their profits. The socially optimal level of output will not be produced in the market.

The resources will not be efficiently allocated and deadweight loss will exist.

3 0

3 years ago

Item weight is the:______________. 1. Measure of how much consumers demand a particular item. 2. Percentage of the typical consu

erica [24]

Answer:

2) Percentage of the typical consumer budget spent on the item.

Explanation:

In microeconomics, item weight refers to the money spent on purchasing a specific product with respect of the total money spent in total purchases. Item weight is usually measured as a percent of a specific purchase over the total purchases made by a consumer or household.

4 0

3 years ago

Kendra owns a sporting goods store. She is in court because of a breach of contract lawsuit against her supplier. One of the ter

Olenka [21]

Answer:

Yes, but only to clarify the ambiguous contract terms

Explanation:

Breach of contract is a legitimate reason for activity and a sort of common wrong, wherein a sound understanding of anticipated trade isn't regarded by at least one of the gatherings to the agreement by non-execution or obstruction with the other party's presentation.

A material breach is the most genuine type of break of agreement. In these cases, somebody has failed to maintain their obligations as spread out in the contract. At the point when this happens, the harmed party can seek after harms in a standard suit. In the end, when a contractual worker finishes an undertaking yet isn't paid, this is viewed as a material breach.

6 0

3 years ago