MYLAB EXCELLENCE IN BUSSI COMM ETEXT
12th Edition
ISBN: 9780135854907
Author: BOVEE
Publisher: PEARSON
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Chapter 4, Problem 19LOC
Summary Introduction
To determine:
Importance of storytelling.
Introduction:
Initiative is about making change, and each association is in a consistent condition of progress. The part of the communication leader is to set up the association for change. Key utilization of narrating is a compelling way, when done ideal, to help cement individuals' help for the change. Story telling is a new tool that helps to make a change in an organization in an interesting manner.
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What is the return on investment of this financial accounting question?
Last Chance Mine (LCM) purchased a coal deposit for $2,918,300. It estimated it would extract 18,950 tons of coal from the
deposit. LCM mined the coal and sold it, reporting gross receipts of $1.24 million, $13 million, and $11 million for years 1
through 3, respectively. During years 1-3, LCM reported net income (loss) from the coal deposit activity in the amount of
($11,400), $550,000, and $502,500, respectively. In years 1-3, LCM extracted 19,950 tons of coal as follows:
(1) Tons of
Coal
18,950
Depletion
(2) Basis (2)(1) Rate
$2,918,300 $154.00
Tons Extracted per Year
Year 1
4,500
Year 2
8,850
Year 3
6,600
Note: Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and not in millions of dollars.
b. What is LCM's percentage depletion for each year (the applicable percentage for coal is 10 percent)?
Percentage
Depletion
Year 1
Year 2
Year 3
$
0
Can you please solve this accounting issue without use Ai?
Chapter 4 Solutions
MYLAB EXCELLENCE IN BUSSI COMM ETEXT
Ch. 4 - Prob. 1CACh. 4 - Prob. 2CACh. 4 - Prob. 1LOCCh. 4 - Prob. 2LOCCh. 4 - Prob. 3LOCCh. 4 - Prob. 4LOCCh. 4 - Prob. 5LOCCh. 4 - Prob. 6LOCCh. 4 - Prob. 7LOCCh. 4 - Prob. 8LOC
Ch. 4 - Prob. 9LOCCh. 4 - Prob. 10LOCCh. 4 - Prob. 11LOCCh. 4 - Prob. 12LOCCh. 4 - Prob. 13LOCCh. 4 - Prob. 14LOCCh. 4 - Prob. 15LOCCh. 4 - Prob. 16LOCCh. 4 - Prob. 17LOCCh. 4 - Prob. 18LOCCh. 4 - Prob. 19LOCCh. 4 - Prob. 4.1AYKCh. 4 - Prob. 4.2AYKCh. 4 - Prob. 4.3AYKCh. 4 - Prob. 4.4AYKCh. 4 - Prob. 4.5AYKCh. 4 - Prob. 1PYSMFACh. 4 - Prob. 4.6ECh. 4 - Prob. 4.7ECh. 4 - Prob. 4.8ECh. 4 - Prob. 4.9ECh. 4 - Prob. 4.10ECh. 4 - Prob. 4.11ECh. 4 - Prob. 4.12ECh. 4 - Prob. 4.13ECh. 4 - Prob. 4.14ECh. 4 - Prob. 4.15ECh. 4 - Prob. 1EYSCTPCh. 4 - Prob. 1SYCKO
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