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Nitella [24]
2 years ago
7

Monroe minerals company purchased a copper mine for a 126,500,000 the mine was expected to produce 50,000 tons of copper over it

s useful life during year won the company extracted 7300 tons of copper the copper was sold for $5800 per ton assuming that the company incurred 8,855,000 and operating expense during year one based on this information how much net income would Monroe report in year 1
Business
1 answer:
vichka [17]2 years ago
7 0

Answer:

I think it would be B

Explanation:

hope this helps if not please let me know

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Discuss how classification systems have undergone several changes over a period of time.
sergiy2304 [10]

Classification systems have undergone several changes over a period of time to get proper categorization of the organism.

<h3>What is classification?</h3>

Classification can be told as the difference that can be between the plants and the animals which can be a based on various factors like the cell, discoveries, and the species.

Aristotle gave the first classification. He divided plants into three categories, RBC existence or disappearance was used to categorize animals. The recognized species cannot all be categorized using this technique.

Linnaeus created a two-kingdom categorization. Plant and  Animalia are their constituent parts.  But, there would have been numerous species that fell outside the realms.

Ernest Henkel divided on the basis of cells into a distinct dynasty, and so created a categorization of three kingdoms.

Copeland divided all prokaryotic creatures into a distinct kingdom called Monera, leading to the development of the Four-Kingdom. 

 R.H. Whittaker developed a five-kingdom method of categorization in 1969.

Learn more about classification systems, here:

brainly.com/question/1144530

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8 0
2 years ago
3. Odette has $50,000 in cash, two U.S. Treasury Bonds with a combined face value of $500, a home worth $100,000, and asset-rela
snow_lady [41]

Answer:

her current net worth is $75,500

Explanation:

The computation of the her current net worth is shown below:

As we know that

Net worth is

= Total assets - total liabilities

= ($50,000 + $500  + $100,000) - ($75,000)

= $150,500 - $75,000

= $75,500

Hence, her current net worth is $75,500

We simply deduct the liabilities from the asset to determine the net worth

4 0
3 years ago
Copper Burgers sells burgers with 0.5 lb meat on each burger. They expected to buy meat a $2.45/lb, but actually ended up paying
andreyandreev [35.5K]

Answer:

Direct material quantity variance= $4.9 unfavorable

Explanation:

Giving the following information:

Copper Burgers sells burgers with 0.5 lb meat on each burger. They expected to buy meat a $2.45/lb.

They made 100 burgers this week, and used 52 lbs of meat.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 0.5*100= 50

Direct material quantity variance= (50 - 52)*2.45

Direct material quantity variance= $4.9 unfavorable

5 0
3 years ago
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6
Vesna [10]

Answer:

$3540.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Ending inventory comprises of goods bought in May, September and November

cost of the ending inventory :

(4 x $130) + (12 x $135) + (10 x$140) = $3540

6 0
3 years ago
At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at
Mnenie [13.5K]

    Average     FIFO         LIFO                   Specific        

                                                                                              Identification

Sales                             $ 3,840      $3,840       $3,840              $ 3,840                        

Less: Cost of                 2,256         2,040         2,560                 2,060

Goods Sold

Gross Profit                  $ 1,584        $1,800       $1,280               $ 1,780      

The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.

The basic formula for the income statement is Income - Expenses = Net Income. This simple equation tells you if your company is profitable.

Learn more about Income statements here brainly.com/question/24498019

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3 0
2 years ago
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