After determining the depletion expense, the book value of the oil well after the first year is $7,548,675.
To calculate the book value of the oil well after the first year, we need to determine the depletion expense for the first year. Depletion expense is the cost of the oil well divided by the estimated total number of barrels of oil to be extracted.
First, we need to calculate the total cost of the oil well:
Purchase price + Drilling rights + Site preparation costs = $7,850,000 + $1,350,000 + $1,800,000 = $11,000,000
Next, we need to calculate the depletion rate per barrel:
Depletion rate = Total cost of the oil well / Estimated total number of barrels of oil = $11,000,000 / 4,400,000 = $2.50 per barrel
Finally, we can calculate the depletion expense for the first year:
Depletion expense = Depletion rate per barrel x Number of barrels extracted in the first year = $2.50 x 625,000 = $1,562,500
The book value of the oil well after the first year is:
Book value = Total cost of the oil well - Accumulated depletion expense = $11,000,000 - $1,562,500 = $9,437,500
Therefore, the book value of the oil well after the first year is $7,548,675 ($9,437,500 - $1,888,825, which is 7/8 of the depletion expense for the first year).
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Johnny Lee Incorporated produces a line of small gasoline-powered engines that can be used in a variety of residential machines, ranging from different types of lawnmowers, to snowblowers, to garden t
Managing financial risk is crucial for Johnny Lee Incorporated's growth and sustainability. Factors such as debt level, cash flow, financing options, market conditions, competition, and resource availability must be considered to mitigate risks effectively.
Johnny Lee Incorporated produces a line of small gasoline-powered engines that can be used in a variety of residential machines, ranging from different types of lawnmowers to snowblowers, to garden tillers, and so on. The company is experiencing strong growth and has had to take on significant debt to finance this growth.
Therefore, in order to manage the company's financial risk, the management of Johnny Lee Incorporated needs to consider several factors such as its current level of debt, its ability to generate sufficient cash flow to meet its obligations, its ability to access additional financing if needed, and the potential impact of economic and market conditions on its operations.
In addition, the company may need to consider other factors such as the level of competition in the industry, the cost of raw materials, and the availability of skilled labor in order to manage its financial risk effectively.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
Quik Mart sells groceries. Rite Price sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is
The Food and Drug Administration (FDA)
Quik Mart sells groceries. Rite Price sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is
The Food and Drug Administration (FDA)What is Food and Drug Administration (FDA)?The US food supply, biological goods, medical devices, cosmetics, and radiation-emitting products are all regulated by the Food and Drug Administration (FDA), which also ensures their safety, efficacy, and security.
The Food and Drug Administration (FDA) is in charge of ensuring the security, safety, and efficacy of biological goods, medical devices, our country's food supply, cosmetics, and radiation-emitting products in order to safeguard the public's health.
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Select the correct answer from the drop-down menu. Which type of college credit program does the statement describe? The program is one of the more common ways to get college credi you must take at the end of the course. Reset
Answer:
scholarship
i wanna say its that but
can we see the drop down menu?
Explanation:
Answer:
can we see what's in the drop down menu
But I'm pretty sure its a scholarship
Explanation:
The three parts of an income statement heading are _____.
who
when
where
what
motivation of 50. also last year trying to get rid of them. Have a good day :D
Answer:
Who,When,What
Explanation:
what is the meaning of gdp and gnp?
GDP and GNP are both measures of the economic performance of a country, but they differ in the scope of their measurement.
GDP stands for Gross Domestic Product, which is a measure of the total value of goods and services produced within a country's borders during a specific period, usually a year. GDP is considered to be one of the most important indicators of a country's economic performance and is used to measure the size and growth of an economy.
There are two main ways of calculating GDP: the expenditure approach and the income approach. The expenditure approach calculates GDP by adding up all the expenditures on final goods and services within a country, including consumer spending, government spending, investment, and net exports (exports minus imports). The income approach, on the other hand, calculates GDP by adding up all the incomes generated by the production of goods and services within a country, including wages, salaries, profits, and rent.
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PLEASE HELP!!! Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials orde
Answer:
the question is incomplete, the last part is missing:
Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
First of all we have to understand what a biotechnologist does. A biotechnologist studies the cells, tissues and other parts of living organisms (similar to a biologist) but their purpose is to develop new processes, procedures or technologies that can be used by humans to make a profit. Biotechnologists develop products like herbicides for agriculture, or new drugs for pharmaceutical companies, etc.
A biologist would probably side with Rochelle and the rest of the fishermen, but a biotechnologist would probably side with Lionel and the oil company. Biotechnologists' work is based on developing new technologies from living organisms that can be used by companies to make a profit
Plzzz help me with this one
Answer:
what the question.....
Why can’t a guy just love me, I would give him cuddles , kissed in the forehead , call him baby/ sunshine , let him use my thighs as pillows LOL ( don’t ask ) would play video games with him 24/7 , go to theme parks and have so much fun! I only wish it was real :(
Answer:
Dont rush anything!
Explanation:
The person who is meant for you will come soon :)
which type of data consists of objective responses that a business can measure for market research purposes?
blank or blank data refers to objective responses that a business can measure in the market research process.
1 (structured/ unstructured: descriptive)
2 (expressive/ qualitative/ quantitative)
Answer: structured or quantitative
Explanation: i just took the test ( for PLATO users )
Credit cards create: Multiple Choice financial liabilities for those who use them. financial liabilities for the issuer once they are used by the holder. money for those who use them. money for those who issue them.
Credit cards create financial liabilities for those who use them. The main answer to this question is: Credit cards create financial liabilities for those who use them.
Financial liabilities are debts or obligations that a business or an individual owes to others and that must be paid back in the future. Financial liabilities, such as accounts payable and short-term debt, can be found on a company's balance sheet. Financial liabilities are a common occurrence in the world of credit cards as well.Therefore, credit cards are not a source of wealth.
They can only be considered a means of purchasing items on credit. While credit cards can provide convenience and flexibility, they can also create financial liabilities if not used responsibly.Explanation:Credit cards create financial liabilities for those who use them. Financial liabilities are debts or obligations that must be paid back in the future.
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Which of the following statements are not true of satisfied customers?
A. Satisfied customers tend to stay loyal.
B. Customers will spend more money with a company for great customer service.
C. Satisfied customers do not share their experiences with other people.
D. All of the above
OPTION (C) Satisfied customers do not share their experiences with other people. When customers feel satisfied from the services or products from a particular company, they are tend to share their experience with their friends and families. So that they can too get benefitted from the same.
Who are Customers?In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
What is meant by 'Services'?A service is any activity or benefit that one party can offer to another, which is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.
What is a Company?A company, abbreviated as co., is a legal entity representing an association of people, whether legal, natural, or a mixture of both, with a specific task or objective. Company members share a common purpose and unite to achieve specific, declared goals.
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the theory advocates government intervention in highly capital-intensive, high entry-barrier industries in which domestic firms may have little chance without government assistance. group of answer choices product life cycle laissez faire strategic trade absolute advantage
The strategic trade theory advocates government mediation profoundly capital-serious, high passage obstruction businesses in which homegrown firms might have minimal possibility without government assistance. option (C) is correct.
Strategic trade is the control of the product, import, global travel, and parcel of specific wares to specific beneficiaries or for guaranteed end-utilizes/end-clients and in specific conditions.
Strategic trade policy (STP) is an administration strategy that endeavors to move overabundance benefits in oligopolistic global business sectors toward the nation of origin firms. For instance, a Chief at the same time seeking a specific degree of productivity and piece of the pie expansions in new developing markets.
Therefore, option (C) is correct.
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This question is not complete, Here I am attaching the complete question:
The theory advocates government intervention in highly capital-intensive, high entry-barrier industries in which domestic firms may have little chance without government assistance. group of answer choices product (A) life cycle
(B) laissez faire
(C) strategic trade
(D) absolute advantage
Which best explains why international trade agreements are beneficial for developing economies?.
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Which type of marketing channel includes a retailer or other intermediaries in the delivery of goods and services to consumers?.
The type of marketing channel that includes a retailer or other intermediaries in the delivery of goods and services to consumers is distribution channel.
What is distribution channel?A distribution channel can be described as the chain of businesses which can as well be regarded as the intermediaries that all the good or service that is been produced by a firm pass through that they get to the final consumer.
It should be noted that the Distribution channels is very essential in the production process because with the product getting to the final consumer that production process can be described as one that is not completed yet.
In conclusion the distribution channel can includes the wholesalers, retailers as well as other distributors that help the distribution of the channel to be possible and the production process can be complete and the company can make the necessary profit that they want.
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Jenny's Flower Shop wants to expand its operations and is looking for a larger facility. The company can add to the current building or sell the building and lease a larger facility nearby. Other relevant known facts follow: Option 1: It will cost $300,000 to add to the existing capacity but the company will increase revenues by $100,000 per year and will have additional operating expenses due to the increased space
Jenny's Flower Shop is considering two options to expand its operations and increase its capacity. The first option is to add to the current building at a cost of $300,000. Ultimately, the decision will depend on the financial goals of the company and its ability to handle the additional expenses that come with increasing its facility and capacity.
While this option will increase the company's capacity, it will also lead to additional operating expenses due to the increased space. However, this option will result in an increase in revenue of $100,000 per year. The second option is to sell the current building and lease a larger facility nearby. This option will also increase the company's capacity, but it may come with higher leasing costs.
To address Jenny's Flower Shop's expansion plans, they have two options:
Option 1 involves adding to the existing facility for a cost of $300,000. This would increase the shop's capacity, resulting in an annual revenue increase of $100,000. However, they should also take into account the additional operating expenses due to the increased space when making their decision.
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Ashleigh hires a group of security staff. Each worker works an average of 80 hours per month at $14/hour. If her monthly labor cost for security workers is $23,520, how many security workers did Ashleigh hire? a) 15 b) 21 c) 36 d) 47
Answer:
b) 21
Explanation:
Each worker works an average of 80 hours per month and earns $14 per hour.
Each employee will earn 80 hours multiplied by $14
=80 x $14
=$1,120
If the monthly labor cost for security worked is $23,520, she has hired
=$23,520/$1,120
=21 security workers
Answer: 21 workers
Explanation:
Vendors provide restaurants with what?
OA
cooked items
OB.
raw materials
Oc.
furniture
OD.
menu recipes
Answer:
raw materials
Explanation:
countertrade is a logical choice when a country's currency is blank______.
Countertrade is a logical choice when a country's currency is scarce or not readily convertible.
Countertrade refers to a type of international trade in which goods or services are exchanged directly without the use of currency. It can be utilized when a country's currency is limited in availability or when there are restrictions on its convertibility.
In such cases, countertrade allows countries to engage in trade by exchanging goods or services of equal value instead of relying solely on monetary transactions.
Countertrade offers a way to overcome currency constraints and promote trade relationships between countries. It can take various forms, such as barter arrangements, offset agreements, buyback agreements, or counterpurchase agreements.
These arrangements provide flexibility and alternative means of conducting international trade when traditional currency-based transactions may not be feasible.
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The cheque-clearing office of Pay Loans Company is responsible for processing all cheques that come to the company for payment. Managers at the company believe that variable overhead costs are essentially proportional to the number of labour-hours worked in the office, so labour-hours are used as the activity base when preparing variable overhead budgets and performance reports. Data for October, the most recent month, appear below:
The Pay Loans Company is responsible for processing all cheques that come to the company for payment.
The managers believe that variable overhead costs are mainly proportional to the number of labour-hours worked in the office, so labour-hours are used as the activity base when preparing variable overhead budgets and performance reports. The total variable overhead costs for the month of October were $59,200, and the actual labour-hours were 5,800. The total budgeted overhead costs for the month of October were $63,500, and the budgeted labour-hours were 6,000. Using this data, the spending variance and the efficiency variance can be computed. Answer more than 100 characters. The spending variance shows the difference between actual variable overhead costs and budgeted variable overhead costs. The spending variance for October can be calculated as follows: Spending variance = Actual variable overhead - Budgeted variable overhead= $59,200 - $63,500= -$4,300Since the actual variable overhead costs were less than the budgeted variable overhead costs, the spending variance is favorable. The efficiency variance, on the other hand, indicates the difference between the actual labour-hours worked and the budgeted labour-hours that should have been worked. The efficiency variance for October can be calculated as follows: Efficiency variance = Budgeted variable overhead - (Actual labour-hours × Variable overhead rate)= $63,500 - (5,800 × $10)= $63,500 - $58,000= $5,500. Since the actual labour-hours were less than the budgeted labour-hours, the efficiency variance is unfavorable.
The total variable overhead costs for the month of October were $59,200, and the actual labour-hours were 5,800. The total budgeted overhead costs for the month of October were $63,500, and the budgeted labour-hours were 6,000.
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Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Should Gidgits Galore entice much sought-after employees with generous benefits?
no
yes
Answer:
Yes
Explanation:
Edge 2021
Answer:
YES edge 2023
Explanation:
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
What is the author's main claim or argument?
Pizza is the best
what should the continuous dividend yield be replaced by when options on an exchange rate are valued using the formula for an option on a stock paying a continuous dividend yield?
The foreign risk rate, rf, should take the role of the continuous dividend yield is q.
A good dividend yield is what?High enough to cover your present income demands, a respectable dividend yield. however, low enough to imply that a company's payout is not under jeopardy.
Do you remit dividend taxes?Dividend income is typically taxable. When a taxpayer receives a dividend from a single company that is worth more than $10, they frequently receive a Form 1099-DIV in the mail. Additionally, if the person receives more than $1,500 in income, they must disclose it on Schedule B of their federal tax return.
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when you love your job, the opportunity cost of working is _____ the opportunity cost if you dislike your job.
Answer:
When you love your job, the opportunity cost of working is lower than the opportunity cost if you dislike your job.
Explanation:
There is a relation between liking or not liking your job and the opportunity cost. When a worker is happy, they are more likely to work harder.
If the opportunity costs of working is the same as the opportunity cost if you dislike your job, then you would feel indifferent or ok with your job.
If the opportunity cost of working was higher than the opportunity cost if you dislike your job, then you would likely NOT love your job, but hate or dislike your job and would want to find another job.
If the opportunity cost of working was lower than the opportunity cost if you dislike your job, then you would likely love or like your job.
How do you think companies determine the price for their products?
Answer:
Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.
One economically efficient way to eliminate the Tragedy of the Commons is to a. tax the owners of the resource. b. prevent anyone from using the resource. c. reduce the marginal social benefit of the resource. d. establish private ownership of the resource.
One economically efficient way to eliminate the Tragedy of the Commons is to a small society can manage a shared, finite resource and lessen. The correct answer is b. prevent anyone from using the resource.
The tragedy of the commons by splitting the resources into pieces and giving them to individual persons.The phrase "tragedy of the commons" describes a scenario in which people who have access to a shared resource, frequently referred to as a common, behave selfishly until the supply is exhausted. The tragedy in the commons happened for a reason. The tragedy of the commons is an issue in economics when people put their private interests ahead of the welfare of society. As a result, the resource is ultimately overused, which is detrimental to everyone.
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hurry please!!!giving brainliest!
Answer:
A
Explanation:
Berkley Company had beginning inventory of $4,000 and purchases of $20,000. If half of its inventory is sold, Berkley's total goods available for sale for the period will
Berkley's total goods available for sale for the period will : be split between cost of goods sold and ending inventory.
What is cost of goods available for sale?Cost of goods available for sale is the total cost of inventory, available for customers to purchase, usually at the beginning of a business financial period.
The cost of goods available for sale is computed by adding the total value of current inventory to the cost of producing that inventory.
Hence, Berkley's total goods available for sale for the period will be split between cost of goods sold and ending inventory.
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