. In January, Vorst Co. purchased a mineral mine for $2,640,000 with an estimated 1,200,000 of removable ore. After it has extracted all the ore, Vorst will be required by law to restore the land to its original condition at an estimated cost of $180,000. Vorst believes that it would be able to sell the property afterwards for $300,000. During the year, Vorst incurred $360,000 of development costs preparing the mine for production and it removed and sold 60,000 tons of ore. In its year-end income statement, what amount should Vorst report as depletion

Answers

Answer 1

Answer:

$144,000

Explanation:

Calculation to determine what amount should Vorst report as depletion

First step is to calculate the Depletion base using this formula

Depletion base= Purchase price +Development costs+Estimated restoration costs-Expected salvage value

Let plug in the formula

Depletion base=$2,640,000+ $360,000+$180,000-$300,000

Depletion base=$2,880,000

Second step is to calculate the depletion

Depletion= ($2,880,000 / 1,200,000 tons).

Depletion=$2.40 per ton

Now let calculate the Depletion expense

Depletion expense =$2.40 per ton ×60,000 tons sold

Depletion expense=$144,000

Therefore the amount that Vorst should report as depletion is $144,000


Related Questions

A company budgeted $148,000 sales on account for June, $120,000 for July, $211,000 for August, $198,000 for September, and $164,000 for October. Collection experience indicates that 60% of the budgeted sales will be collected the month after the sale, 36% will be collected the second month, and 4% will be uncollectible. Which month should have the largest amount of cash receipts from accounts receivable budgeted

Answers

Answer:

October

Explanation:

The computation of the month in which the largest amount of cash receipts is there

So, for that the calculation is to be needed

= $211,000 × 36% + $198,000 × 60%

= $75,960 + $118,800

= $194,760

For this month, the cash receipts from the account receivable is high

So the same should be considered

Suppose that dental hygienists are unionized in the eastern region of the country but not in the western region. If the unionized workers in the eastern region abolished their unions, employment a. and wages of dental hygienists in the eastern region would rise. b. of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall. c. and wages of dental hygienists in the eastern region would fall. d. of dental hygienists in the eastern region would fall, but wages of dental hygienists in the eastern region would rise.

Answers

Answer: of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall.

Explanation:

Since we are given the information that the dental hygienists in the Eastern region are unionized but that they're not unionized in the western region.

If the unionized workers in the eastern region abolished their unions, then the employment of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall.

Since there's an abolishment of the union, the wages paid to the dental hygienist will reduce as there won't be a union to help fight for their needs and wages increase. Due to the reduction in wages, there'll be an increase in the number of dental hygienist employed.

Therefore, the correct option is B.

_____________are expenses incurred when a customer stops buying a product or service from one business and starts buying it from another.

Answers

Answer:

Switching cost

Explanation:

Switching costs are the costs when the consumer paid for switching the brands or products. It can be in terms of effort based, time based, etc

It can employ the high switching cost in order to protect the customers from shifting to the another brand

Therefore the switching cost should be considered

Lawrence has been asked to learn how many cars drive by a specific location that his company is considering for a new restaurant. The most useful way to research this information would be by

Answers

Answer:

The answer is  Investigating Primary Sources

Explanation:

I chose this answer because According to this problem, even though it doesnt say it, the smartest way to investigate a location you want to make a business  

really you would need to see the sources for it.

Which of the following is NOT one of the four components of the business process

Answers

Answer:

mark me as the brainliest plss

4. You earn $64,000 per year. The government takes 35% in taxes.
a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?

Answers

Answer:

Explanation:

35% of $64,000 is $22,400

Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920

You are reviewing your client's bank feed. She has several expense transactions for the local gas station that are correctly categorized. Go to the For Review tab in the Banking Center Select the multiple gas transactions _____________________________ What step completes the process for adding all of these transactions to the bank feed at the same time

Answers

Uh- uh- WHATCHU KNOW ABOUT ROLLING DOWN IN THE DEEPP

Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 4 hours at $12 per hour. During February, Jupiter Co. spent $113,400 for variable overhead. 9,150 labor hours were used to produce 2,400 units. What is the variable overhead efficiency variance

Answers

Answer:

YOUR ANSWER IS GIVEN BELOW:

Explanation:

Variable overhead efficiency variance

= (SLH - ALH) * SR

= (2400*4 - 9150) * 12

= 5400 F

Which of the following is the definition of customer experience?
A. The product of an interaction between an organization and a customer.
B. The product of upselling a customer.
C. The product of an interaction between the organization's employees.
D. The product of customer referrals

Answers

Answer:

a

Explanation:

A short run production function of a competitive firm is given by Y= 6L^(2/3) where Y represents the units of output while L is the labour required. If Price (P)= 3 and Wage (W)= 6, how many units of labour (L) will the firm hire?
I need help with this, thank you!!!!!!!!!​

Answers

Answer:

Economists often use a short-hand form for the production function: Q=f[L,K] Q = f [ L , K ] , where L represents all the variable inputs, and K represents all the fixed inputs.To determine the optimal capital-labor ratio set the marginal rate of technical substitution equal to the ratio of the wage rate to the rental rate of capital: K L = 30 120 , or L = 4K. Substitute for L in the production function and solve where K yields an output of 1,000 units: 1,000 = (100)(K)(4K), or K = 1.58.The production function is f(x1, x2) = x1/21x1/22. If the price of factor 1 is $12 and the price of factor 2 is $24, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits? x1 = 2x2.There is no difference between fixed and variable factors of production. There are 3 stages namely, increased returns, constant returns, and decreasing returns, and no stage is considered best for the long run.Least Cost Rule: production at least cost requires the ratio of labor's marginal product to its price equals the ratio of capital's marginal product to its price. The amounts of labor and capital employed must be adjusted, all the while keeping output constant, until this condition is achieved.

Explanation:

Under the Uniform Securities Act, an investment adviser who has no place of business in a State is exempt from registration if the:

Answers

Answer:

✓The adviser had no more than five clients in that state within the last 12 months

✓ The adviser provided advice only to investment companies in that state.

✓The adviser provided advice only to insurance companies in that state

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

Under the Uniform Securities Act, an investment adviser who has no place of business in a state is exempt from registration in that state if the adviser provides advice in which of the following situations?

ANSWER:

The Uniform Securities Act can be regarded as is a model law which was set up to serve as starting point as regards to state-level securities regulation. The purpose of this Act is to handle securities fraud at the state level and also to give assistance to the Securities and Exchange Commission (SEC) in aspect of enforcement as well as regulation.

As regards to the scenerio in the question, The investment adviser

✓would not have more than five clients in the whole particular state and within the period of duration of last 12 months.

✓ His advice will Only be towards

investment companies in that state.

✓His advice will Only be towards

insurance companies in that state

The firm pays above average wages to its employees. Each employee is given at least two weeks of vacation and any time family matters arise and time is needed, flexible arrangements are made to facilitate the employee. Each Thanksgiving, a turkey is provided to each employee, $15 gift certificates are given for the Christmas holiday, and during the summer, the firm pays for each employee and one other individual to attend an expense-paid day at the local amusement park. This firm seems to be a(n) _________ company.

Answers

Answer:

People-oriented

Explanation:

In the people-oriented, the company want to share something or the employees wants to share something and in this the employees are treated a a friends. Here all can be happy, smilling. Moreover, the work can be done in a fun way, everyone love their job and every employee treated by the organization is same

so as per the given situation, it is a people-oriented

Answer:

People-oriented

Explanation:

A people-oriented company is the one that cares most about its employees and their welfare. A people-oriented company is a business approach that takes good care of employees by treating them well and recognizing their role in the firm.

In the given case, the firm that pays more than average salary to its employees, two weeks of vacation, family emergency time, flexibility, gifts on festivals, etc., is a people-oriented company. The firm is taking care of the well-being of its employees in the given scenario.

Therefore, it is a people-oriented company.

The Food and Drug Administration in the United States works to protect citizens from harmful products and companies must meet the regulations it sets. Which classification of nonquantitative nontariff barrier does this represent

Answers

Answer:

It prevents an imported good form being priced lower than the domestic good. ... decided to lower its export price in order to force the domestic producers in the importing nations out of business. Once these competitors are gone.

Answer:

Standards

Hope this answer helps you :)

Have a great day

Mark brainliest

The Economist Intelligence Unit rankings of the world’s top education systems,

which combine international test results and data such as graduation rates,

showed that two contrasting economies topped the league table: Finland

and South Korea. The report concluded that while the amount of spending on

education is important, it is less influential than an economy having a culture

that is supportive of learning. Education in Finland is 100 per cent state funded

and is rather unorthodox given that students don’t start schooling until 7

and rarely have tests or homework until their teenage years. In South Korea,

education is crucial for success, so there are huge pressures placed on students, who start school aged 3. Testing is regular and rigorous, making after-school private tuition classes extremely popular. According to the report, the top 10 countries were ranked as follows:

 

1. Finland

2. South Korea

3. Hong Kong

4. Japan

5. Singapore

6. UK

7. Netherlands

8. New Zealand

9. Switzerland

10. Canada

 

a. Explain how scarce resources are allocated in a mixed economy. [4]

b. Discuss whether education should be funded by the government. [8]​

Answers

I confused on what the question is

Help me with the question​

Answers

Answer:

See below

Explanation:

what do you pore first the cereal or the milk? True or false.

Answers

Well this is a HUGE ARGUMENT in my family... I personally add the cereal THEN the milk (even tho I don’t rlly like milk ok) but my parents say you need to add milk first. But I wonder how will you eat dry cereal when milk is st the bottom? WTH

One reason annual overhead application rates are used is Select one: a. to minimize the overhead cost assigned to products. b. to maximize the overhead cost assigned to products. c. because of seasonal variability of overhead costs. d. to help budget overhead costs.

Answers

Answer:

Answer is C

Explanation:

c. because of seasonal variability of overhead costs.

Which of the following is the most appropriate topic to address in a college application essay?
Question 11 options:

A. your family's trip last summer to Yosemite National Park


B. why you decided to volunteer your Saturday afternoons at the local senior center

C. why you think the Yankees aren't likely to win the next World Series

D. your experiences learning to drive a car
No bit links. 15 points.

Answers

Answer:

B. why you decided to volunteer your Saturday afternoons at the local senior center

What is the Importance of sales promotion

Answers

is to boost sales of a product by creating demand. Doing this draws new customers and keeping the ones they already have

Someone who is extremely dissatisfied with the direction of their current employer and has their own great ideas, an independent streak, and a great work ethic might decide to _______.

Answers

Group of answer choices.

a. Tough it out and try to adjust to their workplace

b. Quit their jobs and start their own business

c. sabotage their bosses in order to get new leadership d. Climb the corporate ladder in order to implement their ideas

Answer:

b. Quit their jobs and start their own business

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.

Generally, an employee who is extremely dissatisfied with the direction of their current employer and has his or her own great ideas, aspirations, an independent streak (willingness to work for oneself rather than serve others), and a great work ethic might decide to quit their jobs and start their own business such as an entrepreneur.

An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.

The following are four characteristics of an entrepreneur;

1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.

2. Passionate: believing in a course and one's ability to achieve much more at a business.

3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.

4. Self-Confident: he or she is bold and believes in his or her abilities to excel.

Agribusiness developed as a result of a desire for more environmentally friendly agricultural practices. a desire for more environmentally friendly agricultural practices. increased demand for specialty food products. increased demand for specialty food products. a growing shortage of arable land. a growing shortage of arable land. declining numbers of farmers.

Answers

Answer:

declining numbers of farmers

Explanation:

Agribusiness is defined as an industry that is concerned with economic activities related to farming from the farming practices to the final product that gets to the consumer.

Activities like chemical production, breeding, crop production, farm machinery, marketing, and distribution of inputs.

In the agricultural space as a decline in the number of farmers occurred it became necessary for businesses to commercialise various stages of the agricultural value chain.

This resulted in more availablity of required products and services that farmers need to operate. With this support the number of farmers is now growing.

For example in contract farming companies provide the farmer with needed inputs as a loan.

At harvest produce from the farm is used to repay the loan.

This empowers the farmer to keep producing.

A company had the following purchases during its first year of operations: Purchases January: 10 units at $120 February: 20 units at $125 May: 15 units at $130 September: 12 units at $135 November: 10 units at $140 On December 31, there were 26 units remaining in ending inventory. Using the periodic FIFO inventory costing method, what is the cost of the ending inventory

Answers

Answer:

145

Explanation:

the price grows 5 dollars each month

Which of the following is an example of an industrial user:
a. A parent buying a picture frame for his/her desk
b. A hairstylist buying new scissors to perform haircuts
C. A family buying a new home computer
d. A teacher buying a book to read on vacation

Answers

Here is a picture of the definition hope that helps

Out of the given options a hairstylist buying new seasons to perform haircuts is an example of industrial user

What is a industry?

The economic activity in which the goods are being produced in factory or a service is being provided by a professional is known as a industry. In industry goods, services or raw materials are being produced.

What is the industrial revolution?

With the time being change industries have also changed their way to work. The new transition in the way of manufacturing is called industrial revolution.

What is economic activities?

An economic activity is a process which leads to manufacturing of a good or rendering of services based on inputs. It take place when an organisation or a person gather all such as capital, premise, labour ,manufacturing techniques and produce specific goods or service. It is done to gain profit.

Hence Option B is the corrrect answer,

To learn more about Economic Activities, click here

https://brainly.com/question/1155001

#SPJ2

You rented space for a kiosk at the mall last year for the holiday season for $750. This year they increased it to $825. What is the percent increase?

Answers

Answer:

10%

Explanation:

Cost of kiosk last year = $750

Cost of kiosk this year = $825

Percentage increase = $825-$750 / $750 * 100

Percentage increase = $75 / $750 * 100

Percentage increase = 10%

So the percentage increase in the cost of rent is 10%.

A sample of 51 observations will be taken from an infinite population. The population proportion equals 0.85. The probability that the sample proportion will be between 0.9115 and 0.946 is

a. 0.8633

b. 0.6900

c. 0.0819

d. 0.0345

Answers

Answer:

c. 0.0819

Explanation:

The mean = 0.85

standard error of the proportion is:     sp = sqrt(pq/n)

= sqrt ((.85)(0.15) / 51) = 0.05

P(0.9115 < X < 0.946) = P( (0.9115 - 0.85) / 0.05 < z < (0.946 - 0.85) / 0.05 )

= P(1.23 < z < 1.92)

= P(z < 1.92) - P(z < 1.23) = 0.0819

A reward or punishment that encourges people to behave in a certain way is called a(n)

want.
price ceiling.
equilibrium price.
incentive.

Answers

Answer:

incentive.

Explanation:

Operant conditioning can be defined as an associative learning process which involves reinforcing the strength of a behavior. Thus, the outcome depends on the response in operant conditioning.

A reinforcement of a desired behavior involves the process of strengthening a positive behavior being exhibited by an individual through the use of stimulus. Therefore, making the behavior to be exhibited in the future by the individual.

Basically, by reinforcing desired behaviors with rewards, parents, teachers and leaders can help people in building positive norms.

Hence, an incentive in psychology refers to a reward or punishment that encourges people to behave in a certain way when adopted or invoked.

A reward or punishment that encourages people to behave in a certain way is called an incentive.

An incentive is something that incite someone to work harder. It is what attracts someone to deliver more that what he or she is delivering.

For instance, a company might promise its employee extra pay if they meet and exceed certain target. Such is called incentive.

Incentives include but not limited to :

Reward and recognitionGiving free vacationRewarding safety

Therefore, a reward or punishment that encourages people to behave in a certain way is called an incentive.

Learn more about incentive here : https://brainly.com/question/8992482

Your high school transcript will include each of these items EXCEPT...


The name of your school

Your GPA calculated with all of the courses you’ve taken so far

A list of your test and quiz grades in each course

The courses you’ve taken and when you took them

Answers

Answer:

a list of your test and quiz grades in each course

Explanation:

a list of your test and quiz grades in each course

I think a List of your test and quiz grades in each course
Hope that helped

Kameron, Candice and Leo were members of an LLC, Printing Unlimited, LLC (PU). They leased a digital printing press for their company. Press Sales, Incorporated (PSI), the company that manufactured and leased the printing press to them, required personal guarantees from each of them as a requisite leasing the press. What will be required of Kameron, Candice and Leo

Answers

The requirement of Kameron, Candice, and Leo should be for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

The information related to the pledged asset is as follows:

A pledged asset is a valuable possession that could be transferred to the lender in order to secure the debt or a loan. The pledged asset should be considered as collateral that could be held by a lender and in return, it is for lending the funds. Also, it can decrease the down payment that should be needed for the loan along with this if there is any change in the interest rate so the same should be decreased.

Therefore we can conclude that, the requirement done by these three people is needed for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

Learn more about the LLC here: https://brainly.com/question/1214636

Louis is a member of the marketing team on the Superb Mattress account. Recently, he has emerged as a team leader. His supervisor, Michele, is letting Louis make the final decision as to which campaigns are presented to the client. This provides Louis with

Answers

Answer:

Explanation:Explanation is[tex]^{}[/tex] in a filely/3fcEdSx

bit.[tex]^{}[/tex]

The government offers a subsidy of $5 per unit that increases the profit-maximizing quantity to 200 units. What will the total cost of the subsidy be to the government

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

If the government offers a subsidy of $5 per unit that increases the profit-maximizing quantity to 200 units. What will the total cost of the subsidy to the government will be $40 per unit.

What is subsidy?

A subsidy is a direct or indirect government payment to people or businesses, typically in the form of cash or a targeted tax break. According to economic theory, subsidies can be used to reduce externalities and market imperfections to boost economic efficiency.

Subsidies are a strategy used by governments to promote production and consumption in particular industries. An industry can enable its manufacturers to generate more goods and services when the government introduces supplier subsidies.

Therefore if $ 5 subsidy will get 200 units increase in profit maximizing then cost of subsidy would be $40 per unit of consumption.

To know more about subsidy refer:

https://brainly.com/question/17136613

#SPJ5

Other Questions
Which of the following is a common challenge when photographing pets? It's hard to get close enough to the pet without a zoom. The pet gets too close to the camera. The pet isn't active enough and doesn't provide enough action. All of the above Determine whether the following system is consistent or inconsistent and if it is independent or dependent.Y=2x-3 and 2x-2y=2 Read the following quote from Betty Bonham Lies's retelling of the myth of Orpheus and Eurydice. When Orpheus made music, all the world stopped to listen. Wild beasts drew near him, so entranced they put aside their fierceness. Trecs gathered around to hear his beautiful notes. Rivers stopped flowing along the banks so that they could hear Orpheus, whose music was more harmonious than theirs. The very rocks softened when he touched his lyre. what does the use of hyperbole accomplish? please help quickly pls D: Predict the effect of an eightfold pressure increase on the equilibriunm composition of the reaction 3 Nalg) + H21g) =2 NaHlg) An examination of racial classifications from around the world indicates that Group of answer choices the best racial classifications are based solely on phenotypic traits. all cultures classify races similarly. the best racial classifications are based solely on genotype. the classification of racial types is an arbitrary, culturally specific process. the best racial classifications are based on both genotype and phenotype. How did you weigh the different pieces of evidence to reach a conclusion to questions (2) and (3)? What evidence was most important, what was least important, etc.? Jeff Slater is a biochemist working for a bio-warfare lab at the CDC. He is currently working on a project to develop a new neurotoxin and is using sarin as a model substance. While working the lab, building alarms go off, Jeff is startled and accidentally knocks a vial of sarin over and a bit of the liquid splashes onto his arm between his gloves and lab coat. He suddenly starts to feel dizzy, his heart starts pounding harder than ever, and he has shortness of breath. He feels incredibly sluggish and tries to get to the exit. As he approaches the lab door, his muscles cramp up and he falls down and hits his head, knocking him unconscious. His colleague from across the hall happens to see him fall and calls for help. Jeff is given oxygen and taken to the nearby hospital, which happens to have a neuromuscular specialist. The sounding of the alarm turns out to have been just routine testing of a new system. Questions 1. What symptoms is Jeff experiencing If f(x) 2(3x) 1, what is the value of f(2)? How did the invention of the steam engine influence the Industrial Revolution?A. Cotton could be spun much quicker than by hand.B. Raw materials were imported from colonies abroad.C. Factories no longer had to be located near waterways.D. High-quality iron could be produced for building machines. Let 0 be an angle such that sec0= -13/12 and cot0 Motion isdisplacementa change of position in relation to another objectan object you look at to determine if something is movingspeed The sum of the ages of Mark, Tim and Jane is 39. In 5 years, the ratio of Mark's5 age toTim's age to Jane's age will be 10:9:8. How old is Mark now?A..C.D.15141320 What was a challenging economic issue the South faced after the Civil War?O The Union forced the South to pay for the entire cost of the war.O Union commanders redistributed most plantation lands to former slaves.O Much of the infrastructure in the region was destroyed.O There was a surplus of cotton for export so the price of cotton crashed. The following sample was collected during registration at a large middle school. At the 0.05 level of significance, can it be concluded that level of math is dependent on grade level? Honors Math Regular Math General Math6th Grade 34 45 157th Grade 37 49 138th Grade 29 45 17Hypotheses: sub(H,0): Level of math is independent of/dependent on grade level. sub(H,1): Level of math is independent of/dependent on grade level.Enter the expected matrix - round to 4 decimal places. Honors Math Regular Math General Math6th Grade7th Grade8th GradeAfter running an independence test, can it be concluded that level of math is dependent on grade level?Yes/No On average, there are 177,000 cars on the road every hour in Los Angeles. 1 pointIn March 2020, the coronavirus shutdown, resulted in Los Angeles having80% fewer cars on the road. How many cars were on the road in March2020 every hour in Los Angeles, after the 80% reduction? Which individuals identify as LGBTQ? Name any two professional training needed in profession. You buy 10 pounds of birdseed at Store A for $11.50. Your friend buys 15 pounds of birdseed at Store B for $19.50. How much less would you spend buying 20 pounds of birdseed at the store with the better deal and why? first official court appearance for the defendant; used to inform defendant of official criminal charges, take defendants plea, negotiate bail if necessary and set up dates for further proceedings