Santa fe purchased the rights to extract turquoise on a tract of land over a five-year period. santa fe paid $300,000 for extraction rights. a geologist estimated that santa fe will recover 5,000 pounds of turquoise. during the past several years, 4,000 pounds were extracted. during the current year, santa fe extracted 1,500 pounds of turquoise, which it sold for $250,000. what is santa fe's cost depletion expense for the current year?
a) $60,000
b) $90,000
c) $190,000
d) $160,000
e) none of these

The budgeted overhead cost for the year is $1,260,000. the company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. the current audit bid for monoco industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material. what is the overhead rate based on a single cost driver (rounded to the nearest percentage)?

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.