How the salter mining company purchased the northern tier
Salter Mining Company purchased the Northern Tier Mine for $12,000,000 cash. The mine was estimated to contain 780,000 tons of ore and to have a residual value of $3,700,000.
Prepare a journal entry to record depletion during the year. (Round your per ton value to 2 decimal places and final answer to nearest whole number. Omit the "$" sign in your response.)
Show how the Northern Tier Mine, and its accumulated depletion, would appear in Salter Mining Company's balance sheet after the first year of operations. (Round your per ton value to 2 decimal places and final answer to nearest whole number. Input all amounts as positive values. Omit the "$" sign in your response.)
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Cajun Corporation manufactures a labor-intensive product.The cost standards developed by Cajun appear below. Manufacturing overhead at Cajun is applied to production on the basis of standard direct labor-hours:
Last year Vaughn Corp. had sales of $315,000 and a net income of $17,832, and its year-end assets were $210,000. The firm's total-debt-to-total-assets ratio was 42.5%. Based on the Du Pont equation, what was Vaughn's ROE?
forecast the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year?
Determine the sample regression line that shows the price per kilogram as a function of average daily catch.
How much can you withdraw each month from your account assuming a 25 year withdrawal period? At the end of the 25 years, the account value will be zero.
Wind Fall, a manufacturer of leaf blowers, began operations this year. During this year, the company produced 10,000 leaf blowers and sold 8,500. At year-end the company reported the following income statement using absorption costing.
ABC Corporation ended its first year of operations with taxable income of $225,000. At the time of ABC Corporation's formation, it incurred $50,000 of organizational expenses.
Calculate the standard error of estimate. What does this value tell you about the relationship between the two variables?
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