Business, 11.05.2021 23:30 millernicholas622
Metlock Mining Company purchased land on February 1, 2020, at a cost of $1,101,100. It estimated that a total of 58,200 tons of mineral was available for mining. After it has removed all the natural resources, the company will be required to restore the property to its previous state because of strict environmental protection laws. It estimates the fair value of this restoration obligation at $112,500. It believes it will be able to sell the property afterwards for $125,000. It incurred developmental costs of $250,000 before it was able to do any mining. In 2020, resources removed totaled 29,100 tons. The company sold 21,340 tons.
Compute the following information for 2020.
(a) Per unit mineral cost:
(b) Total material cost of December 31, 2020, inventory:
(c) Total material cost in cost of goods sold at December 31, 2020:
Answers: 3
Business, 21.06.2019 15:30
Which of the following statements accurately describes how costs and benefits are calculated?
Answers: 3
Business, 22.06.2019 05:20
Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?
Answers: 2
Business, 22.06.2019 12:30
Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d
Answers: 3
Metlock Mining Company purchased land on February 1, 2020, at a cost of $1,101,100. It estimated tha...
Mathematics, 08.12.2021 03:50
Mathematics, 08.12.2021 03:50
English, 08.12.2021 03:50
Mathematics, 08.12.2021 03:50
Social Studies, 08.12.2021 03:50
Mathematics, 08.12.2021 03:50
Mathematics, 08.12.2021 03:50
Mathematics, 08.12.2021 03:50