help please Perez Company acquires an ore mine at a cost of $3,080,000. It incurs additional costs of $862,400 to access the mine, which isestimated to hold 2,200,000 tons of ore. 240,000 tons of ore are mined and sold the first year. The estimated value of the land afterthe ore is removed is $440,000. Calculate the depletion expense from the Information given.1. & 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry.Answer is complete but not entirely correct.Complete this question by entering your answers in the tabs below.DepletionExpenseGeneralJournalCalculate the depletion expense from the information given.Note: Round "Depletion per unit" to 3 decimal places.CostSalvageAmount subject to depletionTotal units of capacityDepletion per unitUnits extracted and sold in periodDepletion expense$ 2,217,600x440,000$ 1,777,600$2,200,000 →0.808x280,000 ×$ 445,760 x

Depletion expense:Cost$3,942,400Salvage 440,000Amount Subject to depletion$3,502,400Total units…

Answered: Perez Company acquires an ore mine at a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 30P

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As of January 1, 2023, outstanding account receivable (sales made the previous year pending collection) amounted to 20,000. Throughout 2023, sa;es totalling 180,000 euros (income statement) were made. As of December 31, 2023, outstaning receivables from customers amounted to 32, 000 euros. What was the total collection in 2023 for sales made both in that year and in previous year? a. 168,000 euros b 184,000 euros c. 132,800 euros
Chuck, a single taxpayer, earns $76,400 in taxable income and $11,500 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule:) Required: a. If Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate if, instead, he had $40,000 of additional deductions? Note: For all requirements, do not round intermediate calculations. Round percentage answers to 2 decimal places. × Answer is complete but not entirely correct. a. Marginal tax rate b. Marginal tax rate 23.37 × % 20.66%
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1. Explain (2) possible risks of working at a fuel supply plant 2. Explain The important of training for those working at a fuel supply plant.
Finance Mrs Banks baked some curry puffs. She packed them into boxes of 7 and had 3 curry puffs left. If she had 39 boxes of curry puffs, how many of them did she bake?
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An investment proposal will have annual fixed costs of $60,000, varial costs of $35 per unit of output, and revenue of $55 per unit of output. i) Determine the break-even quantity. ii) What volume of output will be necessary for an annual profit of $60,000
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S7.25 C Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of packaged shredded lettuce for institutional use. Zan has years of food processing experience, and Angela has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag of lettuce. They think a largely manual process will have monthly fixed costs of $37,500 and variable costs of $1.75 per bag. A more mechanized process will have fixed costs of $75,000 per month with variable costs of $1.25 per 5-pound bag. They expect to sell the shredded lettuce for $2.50 per 5-pound bag. g) At what quantity would Zan and Angela be indifferent to the process selected? h) Over what range of demand would the manual process be…
13.2 A company manufactures component parts for machine tools in North America and ships them to Southeast Asia for assembly and sale in the local market. The components are shipped by sea, transit time averages 6 weeks, and the shipping costs $2700 per shipment. The company is considering moving the parts by air at an estimated cost of $7500; the shipment taking 2 days to get there. If inventory in transit for the shipment costs $125 per day, should they ship by air?
1. XYZ Company is considering making a new product which requires several types of raw material: In Stock Required Raw Material Description Ayay Nil 100 Replacement Cost is $5 per unit. This material has limited supply. This material is also used to produce another product which has a contribution margin of $3.5 per unit of material Ayay. All available supply of material Ayay are needed to produce this another product. Benzam Nil 40 Current purchase price is $7/unit. Chizzum 100 150 purchased for $10/unit Current purchase price is $14/unit. The material has no use in the company other than for the project under consideration. Units in inventory can be sold for $12/unit. Dedee 120 50 purchased for $20/unit Current purchase price is $22/unit. The material is regularly used in current manufacturing operations. Required: Compute the relevant cost of each material.
S7.25 B Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of packaged shredded lettuce for institutional use. Zan has years of food processing experience, and Angela has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag of lettuce. They think a largely manual process will have monthly fixed costs of $37,500 and variable costs of $1.75 per bag. A more mechanized process will have fixed costs of $75,000 per month with variable costs of $1.25 per 5-pound bag. They expect to sell the shredded lettuce for $2.50 per 5-pound bag. d) What is the revenue at the break-even quantity for the mechanized process? e) What is the monthly profit or loss of the manual process if…

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