During the year, Eldenburg Mining Company purchased land for $9,000,000 that had a natural resource reserve estimated to be 625,000 tons. Development and road construction costs on the land were $525,000, and a building was constructed at a cost of $62,500. When the natural resources are completely extracted, the land has an estimated residual value of $1,500,000, In addition, the cost to restore the property to comply with environmental regulations is estimated to be $1.000.000. Production in the first and second year was 75,000 tons and 106,250 tons, respectively.
a. Compute the depletion charge for the first and second year. Round answers to nearest whole dollar amount. First year $____ Second year $_____
Answers
The depletion charge for the first year is $911,000. The depletion charge for the second year is $1,291,000.
Given the following information:
Land cost = $9,000,000Natural resource reserve estimated = 625,000 tons.Development and road construction costs = $525,000Building cost = $62,500Residual value = $1,500,000Cost to restore = $1,000,000Production in the first and second year = 75,000 tons and 106,250 tons respectively.The total cost of the land is calculated as follows:
Total cost = Land cost + Development and road construction costs + Building cost
Total cost = $9,000,000 + $525,000 + $62,500
Total cost = $9,587,500
The depletion rate per ton can be calculated using the formula below:
Depletion rate per ton = (Total Cost - Residual Value) / Total Quantity of Resource
Depletion rate per ton = ($9,587,500 - $1,500,000) / 625,000 tons
Depletion rate per ton = $12.14 per ton
Therefore, the depletion charge for the first year is as follows:
Depletion charge for the first year = Depletion rate per ton x Quantity of resource extracted
Depletion charge for the first year = $12.14 x 75,000 tons
Depletion charge for the first year = $910,500
The depletion charge for the second year is as follows:
Depletion charge for the second year = Depletion rate per ton x Quantity of resource extracted
Depletion charge for the second year = $12.14 x 106,250 tons
Depletion charge for the second year = $1,290,785
Therefore, the depletion charge for the first and second year is:
First year depletion charge = $910,500.
Second year depletion charge = $1,290,785.
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The depletion charge for the first year is $911,000. The depletion charge for the second year is $1,291,000.
The following information:
Land cost = $9,000,000
Natural resource reserve estimated = 625,000 tons.
Development and road construction costs = $525,000
Building cost = $62,500
Residual value = $1,500,000
Cost to restore = $1,000,000
Production in the first and second year = 75,000 tons and 106,250 tons respectively.
The total cost of the land is calculated as follows:
Total cost = Land cost + Development and road construction costs + Building cost
Total cost = $9,000,000 + $525,000 + $62,500
Total cost = $9,587,500
The depletion rate per ton can be calculated using the formula below:
Depletion rate per ton = (Total Cost - Residual Value) / Total Quantity of Resource
Depletion rate per ton = ($9,587,500 - $1,500,000) / 625,000 tons
Depletion rate per ton = $12.14 per ton
Therefore, the depletion charge for the first year is as follows:
Depletion charge for the first year = Depletion rate per ton x Quantity of resource extracted
Depletion charge for the first year = $12.14 x 75,000 tons
Depletion charge for the first year = $910,500
The depletion charge for the second year is as follows:
Depletion charge for the second year = Depletion rate per ton x Quantity of resource extracted
Depletion charge for the second year = $12.14 x 106,250 tons
Depletion charge for the second year = $1,290,785
Therefore, the depletion charge for the first and second year is:
First year depletion charge = $910,500.
Second year depletion charge = $1,290,785.
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Related Questions
A Checklist Is A Type Of: Poka-Yoke. Kaizen. Kanban. Pareto Chart Flowchart
Answers
A Checklist Is a type of: Poka-Yoke
What is Poka-Yoke?
Any device or system that prevents someone from carrying out an activity incorrectly is known as a poka-yoke.
It is a Japanese term that meaning "mistake-proofing." Poka-yoke is used to reduce waste, usually by getting rid of or decreasing errors in quality that result in rework and scrap as well as getting rid of any safety hazards.
The purpose of checklists is to keep track of tasks or projects and make sure nothing crucial is overlooked while they are being carried out.
In this manner, you ensure that nothing is left out that might affect your outcomes. Additionally, they guarantee that tasks are carried out in a systematic, ordered manner.
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in class, we discussed that the relationship between intelligence and job performance is stronger for complex jobs than for simple jobs. job complexity is what type of variable in this example?
Answers
Job complexity is the independent variable that influences the strength of the relationship between intelligence and job performance.
Job complexity refers to the level of cognitive demands, skill requirements, and intricacy associated with a particular job. It represents a characteristic of the job itself rather than an outcome or dependent variable.
In this context, it serves as an independent variable that is believed to influence or impact another variable, which in this case is job performance.
The statement suggests that the relationship between intelligence and job performance is stronger for complex jobs compared to simple jobs. This implies that as job complexity increases, the role of intelligence becomes more crucial in determining job performance.
Complex jobs typically require higher levels of problem-solving, decision-making, creativity, and learning. Intelligence, which encompasses cognitive abilities, problem-solving skills, and adaptability, is likely to have a greater impact on job performance in these complex job settings.
On the other hand, for simple jobs with fewer cognitive demands and skill requirements, the influence of intelligence on job performance may be less pronounced. Simple jobs often involve routine tasks that may not require extensive intellectual abilities or problem-solving skills.
In summary, job complexity acts as an independent variable that influences the relationship between intelligence and job performance. As job complexity increases, the impact of intelligence on job performance becomes stronger.
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The regulation of marriages and payments for personal injuries is covered by______
Criminal law
Appellate law
Legislative law
civil law
Answers
The regulation of marriages and payments for personal injuries is covered by civil law, a branch of law concerned with private rights.
The regulation of marriages and payments for personal injuries is covered by civil law. Civil law is the set of rules governing disputes between individuals or organizations that arise from private legal relationships such as marriage or personal injury. Civil law is a branch of law that deals with legal disputes between private parties, rather than criminal law, which deals with disputes between individuals and the state.Civil law can be divided into several different categories, including contract law, tort law, family law, property law, and commercial law. Each category has its own set of rules and regulations that govern how legal disputes should be handled. For example, family law governs issues such as marriage, divorce, child custody, and adoption, while contract law governs issues related to contracts between individuals or organizations.The primary goal of civil law is to provide a fair and equitable resolution to legal disputes between private parties. It aims to protect the rights and interests of individuals and organizations and ensure that justice is served.For more such questions on Civil law:
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what is federal income tax of someone who makes 52,000 a year in 2020
Answers
Hope this helped!
do you think that holacracy is a good match with zappos' business strategy? why or why not? explain.
Answers
Holacracy could potentially be a good match with Zappos' business strategy. Zappos is known for its unique corporate culture and emphasis on employee empowerment, and holacracy is a management system that aims to distribute decision-making power and authority across an organization.
With holacracy, employees are organized into self-governing teams called "circles," which are responsible for making decisions and achieving specific goals. This aligns with Zappos' emphasis on employee autonomy and could help foster a more collaborative and innovative workplace culture.
However, the detailed answer is that implementing holacracy is not without its challenges and potential drawbacks. For example, some employees may struggle with the increased responsibility and decision-making power that comes with holacracy, and there may be confusion or conflict around roles and responsibilities within the circles.
Additionally, holacracy may not be a good fit for every aspect of Zappos' business. Some areas, such as finance or legal, may require more hierarchical decision-making structures.
Overall, while holacracy may align with Zappos' values and culture, it is important to carefully consider the potential benefits and challenges before implementing such a significant change in management structure.
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Which statement best illustrates the relationship between three different
elements of the circular flow of products?
A. Product markets offer labor to businesses, which creates jobs for
households.
B. Resource markets sell goods to product markets, which sell the
goods to businesses
C. Households pay wages to businesses, which can then set up
product markets.
D. Businesses create goods for product markets, which sell them
directly to households.
Answers
Answer: is D
Explanation:
The statement, businesses create goods for product markets, which sell them directly to households, is best illustrates the relationship between three different elements of the circular flow of products.
What is a circular flow?
The most popular version of this model displays the circular flow of revenue between the consumer and business sectors. The product market and the resource market are placed between the two.
Consumer spending is the mechanism through which households' money flows to the market for goods and services when they are in need of them. The product market purchases goods and services from companies and sells them to households, making a profit.
As a result, option (d) is correct.
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What is one purpose of an essay's introduction paragraph?
47
O to provide a list of transitional words that will help your reader make sense of the writing
O to elaborate fully on one of the essay's main ideas
O to restate your main ideas and make a lasting impression on your reader
O to engage the reader by telling a personal story or sharing a startling statistic
Answers
Answer:
B.
Explanation:
To elaborate fully on one of the essay's main ideas. You want for your reader to know what they will be reading about.
please help me!!! I literally have no clue what it is
Answers
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
The end goal of budgeting is to plan and ____ organizational finances successfully?
A. justify
B. control
C.explain
D.increase
Answers
Answer:
B
Explanation:
Controlling is another organizational goal
Fixed costs are important because, at least in the ___________, the firm _______________.
Answers
Fixed costs are important because, at least in the short run, it becomes practically impossible for a firm to alter them. Therefore, the option B holds true.
What is the significance of fixed costs?Fixed costs can be referred to or considered as the costs incurred by an organization in order to commence its business operations, and is constant irrespective of the volume of sales driven by an organization. It is not a clear possibility for a firm to alter its fixed costs, at least in the short run.
Therefore, the option B holds true and states regarding the significance of fixed costs.
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The question seems to be incomplete. it has been added below for better reference.
Fixed costs are important because, at least in the ___________, the firm _______________.
A. long run; cannot alter them
B. short run; cannot alter them
C. long run; can alter them
D. short run; can alter them
can
someone help with this related to dentistry?
what methods that can be used for filing patient
information?
what is the role of an inventory manager?
what is the purpose for managing accounts re
Answers
Methods that can be used for filing patient information in dentistry include electronic health records (EHRs), paper-based files, and dental practice management software. Each method has its advantages and considerations regarding confidentiality, accessibility, and ease of use.
The role of an inventory manager in dentistry is to oversee the procurement, storage, and distribution of dental supplies, equipment, and materials. They are responsible for maintaining optimal inventory levels, tracking usage, managing vendor relationships, and ensuring cost-effective inventory management practices. The purpose of managing accounts receivable in dentistry is to ensure timely and accurate billing and collection of payments from patients and insurance providers. This involves verifying insurance coverage, submitting claims, following up on outstanding payments, and implementing strategies to minimize accounts receivable aging and improve cash flow for the dental practice.
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what is the main purpose of alcohol when doing poly gel nails?
Answers
Answer:
Gel gloss are included stronger components that realize the nail tighter than traditional lacquers and also are solid sufficient to withstand day-to-day wear and tear without damaging, discusses Essie Global Lead Instructor Rita Comment. A few distinctions in between the formula and also your normal lacquer? Gel polishes are much more adaptable, so they withstand chips; Gels are treated under a UV or LED light and brightens treatment in oxygen. Gels have to be eliminated by soaking in acetone for at the very least 10 minutes, while polishes can be quickly wiped away with nail gloss cleaner.
Explanation:
Outstanding stock of the Whispering Winds Corp. included 39000 shares of $5 par common stock and 13000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Whispering declared and paid dividends of $3900. In 2020, Whispering declared and paid dividends of $11700. How much of the 2020 dividend was distributed to preferred shareholders
Answers
Answer:
$6,500
Explanation:
39,000 shares of $5 par common stock
13,000 shares of $10 par 5% non-cumulative preferred stock = $6,500 in preferred stocks dividends per year. Since the preferred stocks are non-cumulative, if they are not paid during one period, that dividend cannot be recovered in future periods.
In 2020, $11,700 were paid in dividends:
$6,500 were paid to preferred stocks$5,200 were paid to common stocksConsider this scenario. during the early 2000s, the midwestern united states experienced a drought, or lack of rainfall. this ruined large amounts of the corn crop. tortillas, which are made from corn, became more expensive to make. what would tortilla manufacturers have needed to do in order to make the same profit? increase the price of tortillas decrease the price of tortillas decrease the supply of tortillas and keep the price the same decrease the supply of tortillas and decrease the price
Answers
Increasing the price of tortillas results in increased profit for the manufacturers.
What exactly is profit?Profit is defined as a monetary gain that can be calculated by subtracting the purchase price from the selling price.
Increasing the price of the tortilla means increasing the gain or profit. This is due to the fact that the above product will cost more money to purchase.
Therefore, option a describes the statement.
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Answer:
a. increase the price of tortiallas
Explanation:
edge 22
Which of the following are examples of limited resources on the part of consumers?
product and space
money and product
time and money
space and time
Answers
Answer:
The answer is time and money
Explanation:
I took the test on edge
Examples of limited resources on the part of consumers are time and money.
What are limited resources?
Limited resources are resources that can be depleted. They are of limited availability. As these resources are used, they decline.
For example, no one has an unlimited supply of money. As money is spent, the amount of money one has reduces. Also, time is limited. One has 24 hours in a day.
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Based on your assessment, you determine that the fetus is in a/an [blank] presentation
Answers
Based on your assessment, you determine that the fetus is in a specific presentation. A "presentation" refers to the position of the fetus in the uterus during labor and delivery. An accurate assessment of fetal presentation is crucial for a successful and safe delivery. The main types of fetal presentations are:
1. Cephalic presentation: The most common presentation, where the fetus's head is facing downwards towards the birth canal. This is the ideal position for a normal vaginal delivery.
2. Breech presentation: The fetus's buttocks or feet are positioned towards the birth canal, making it more difficult for a vaginal delivery. This presentation may require medical intervention or a cesarean section.
3. Shoulder or transverse presentation: The fetus is lying sideways in the uterus, with its shoulder or arm facing the birth canal. This is a rare presentation and often results in a cesarean section due to potential complications.
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You are creating a budget for your new business. What should you include?
A. All income and expenses.
B. Fixed expenses but not income.
C. Income but not variable expenses.
D. Fixed and variable expenses but not taxes.
Answers
Answer:
A
Explanation:
You should include all income and expenses because you need to know the value of the business and the amount of money you'll have to spend after you have deducted all the expenses and added all the incomes of the business.
In the 50-30-20 budgeting method, saving for emergency expenses would fall under which category?.
Answers
Answer:
0
Explanation:
bcz 50 subtract to 30 makes it 20 and 20 subtract to 20 equals 0
6. ________ is the ability to exercise effective control over a foreign subsidiary within a country's legal and political environment. What risk does the statement refer to
Answers
Governance risk _ is the ability to exercise effective control over a foreign subsidiary within a country's legal and political environment.
Political risk refers to the risk of financial, legal, or operational consequences that arise from changes in a country's political or regulatory environment. In the context of a foreign subsidiary, political risk arises when the parent company is unable to exercise effective control over the subsidiary due to political instability, changes in regulations, or other factors outside of its control.
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Full Question ;
________ is the ability to exercise effective control over a foreign subsidiary within a country's legal and political environment.
A.) Political risk
B.) Interest rate risk
C.) Governance risk
D.) Portfolio risk
Jessica wants to save $100,000 in the next 10 years so she can have a good start on her retirement fund. How much will her monthly contributions need to be if she can earn a 12% return on her money?.
Answers
In order to get a head start on her retirement fund, Jessica plans to save $100,000 over the next ten years. If she can get a 12% return on her investment, she will need to make monthly instalments of $434.71.
Savings are important for two reasons: financial security and financial objectives. Confidence in your capacity to cover unforeseen expenses, pay for your own retirement, and maintain a chosen lifestyle is a result of financial stability and preparedness.
Goals can aid in maintaining perspective and reining in saving efforts. Your ability to accumulate your first $100,000 for any objective you may have in mind will depend on how much money you have to save, whether retirement from lower costs or higher income. And after you accomplish that, getting to the next $100,000 will be simpler.
So, In order to get a head start on her retirement fund, Jessica plans to save $100,000 over the next ten years. If she can get a 12% return on her investment, she will need to make monthly instalments of $434.71.
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_________ involves system developers writing a business case to justify funding one or more specific applications or projects._________ involves system developers writing a business case to justify funding one or more specific applications or projects.
Answers
Answer:
The question is incomplete, the options are missing. The options are the following:
a) Breakeven analysis
b) The business case approach
c) NPV
d) ROI
And the correct answer is the option B: The business case approach.
Explanation:
To begin with, the concept known as "Business case approach" is a type of approach that mainly focuses in the supporting of certain topics for the company in order improve the processes of the organization and its work. Moreover, it gives support to the planning and investing process against outcomes that could harm the company. This type of concept is used mainly by the organizations in the transport sector so that they could use it as a guidance in order to seek for investment.
Which part of effective leadership deals with maintaining equity?
Answers
Answer:
the part where you have to lead
Explanation:
Question 5
Suppose you are injured in an auto accident caused by another
driver in a state that
has enacted a "modified no-fault" law. Which of the following
accurately describes
your ability to sue
Answers
In a state with a "modified no-fault" law, your ability to sue the other driver for damages will depend on the specific provisions of the law.
"Modified no-fault" laws typically restrict the right to sue for non-economic damages, such as pain and suffering, unless the injuries meet certain threshold criteria. These criteria usually include factors like significant disfigurement, permanent disability, or a certain level of medical expenses. If your injuries meet the threshold, you may be able to pursue a lawsuit against the at-fault driver for damages beyond what is covered by your own insurance. It is important to consult with a legal professional who specializes in personal injury law in your state to understand the specific provisions of the "modified no-fault" law and determine your options for seeking compensation.
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molly shot 20 baskets in 4 mins.... Nico shot 42 baskets in 6 min.... how many more baskets did nick shoot per min..
Answers
Nico - 42/6
Now, lets do cross multiplication.
20/4 = x/1 42/6 = x/1
4(x) = 20(1) 6(x) = 42(1)
4x=20 6x = 42
4x/4 = 20/4 6x/6 = 42/6
x=5 x=7
Therefore, Nico shot 2 more baskets per minute than Molly.
Which of the following three situations is least likely to occur at the same time as the other two situations? Why?
1) Real GDP is less than potential GDP.
2) An economy in a strong, 5-year expansion.
3) An unemployment rate above the natural rate of unemployment.
Answers
Answer: I'm going to take a guess and say 1 and 3.
Explanation: Just taking a guess.
why is it important to consider the annual fee when comparing credit card offers?
Answers
Answer:
Money of rewards need to be greater than annual fee. APR because it determines interest you pay on balance you carry.
Explanation:
When using a behavioral chain, a(n) ______ makes the outcome of the chain more reinforcing.
A. Prompt
B. Establishing operation
C. Larger number of component behaviors
D. Discriminative stimulus
Answers
When using a behavioral chain, C) a larger number of component behaviors makes the outcome of the chain more reinforcing.
A behavioral chain is a series of behaviors that are linked together, with each behavior serving as a cue or trigger for the next behavior in the sequence. The outcome or final behavior in the chain is typically the most reinforcing, meaning it is the behavior that the individual is motivated to complete.
By increasing the number of component behaviors in the chain, the individual has more opportunities to receive reinforcement for their behavior, which can help to increase the overall effectiveness of the chain. The other options listed (prompt, establishing operation, and discriminative stimulus) may also be relevant to the use of behavioral chains in some contexts, but do not directly impact the reinforcing nature of the final behavior in the chain.
Therefore, option c is the correct answer.
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trendy wear for teens is choosing to set up its new production facility in indonesia in order to take advantage of low labor costs. additionally, the indonesian government will offer the company tax incentives if it locates its facility in indonesia. by pursuing such a strategy, trendy wear for teens hopes to realize
Answers
The new production facility for teen clothes has been chosen for Indonesia. In an effort to achieve location economies, trendy clothing for teenagers is experimenting with this technique.
How well do you know Indonesia?Indonesia, officially known as the Republic of Indonesia, is a country in Southeast Asia and Oceania that is situated between the Indian and Pacific oceans. The more than 17,000 islands that make up this archipelago include Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea. Indonesia is the largest archipelagic state in the world and the fourteenth-largest country overall, covering an area of 1,904,569 square kilometers (735,358 square miles). With a population of over 275 million, Indonesia is the fourth-most populous country in the world and the largest country with a majority of Muslims. The island of Java, which has the highest population density in the world, is home to more than half of the country's inhabitants. The president appoints members of the legislature of Indonesia.
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Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
Answers
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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Here’s Some VERY Helpful Business Advice
Answers
Answer:
haha there we go thx