Business
Business, 18.08.2020 20:01, gustavoroggero39

Crowder Company acquired a tract of land containing an extractable natural resource. Coronado is required by its purchase contract to restore the land to a condition suitable for recreational use after it has extracted the natural resource. Geological surveys estimate that the recoverable reserves will be 2560000 tons, and that the land will have a value of $1080000 after restoration. Relevant cost information follows: Land $9,000,000
Estimated restoration costs 1,500,000
If Crowder maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material?extracted material?
A. $1.90
B. $2.10
C. $1.60
D. $1.80

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 17:00, eliezer25
Problems and applications q3 suppose the demand for french bread falls. illustrate the effect this has on the market for french bread. demand supply price of french bread quantity of french bread d 1 d 2 supply producer surplus in the market for french breadincreases . illustrate the effect the quantity change in french bread has on the market for flour. demand supply price of flour quantity of flour d 1 d 2 s 1 s 2 producer surplus in the market for flour .
Answers: 1
image
Business, 21.06.2019 21:00, 3steves
Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)
Answers: 1
image
Business, 21.06.2019 23:30, BrezzyGirl9148
Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience. type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.1 20.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.
Answers: 1
image
Business, 22.06.2019 00:30, AdoNice
Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years
Answers: 1
Do you know the correct answer?
Crowder Company acquired a tract of land containing an extractable natural resource. Coronado is req...

Questions in other subjects:

Konu
Mathematics, 07.12.2019 02:31