Answer and Explanation:
The indication of each transaction is as follows
a. Note payable contains credit balance so if there is decrease so it would be shown on the debit side
b. Dividend contains debit balance so if there is an increase so it would be shown on the debit side
c. Common stock contains credit balance so if there is an increase so it would be shown on the credit side
d. Unearned rent revenue contains credit balance so if there is an increase so it would be shown on the credit side
e. Interest payable contains credit balance so if there is decrease so it would be shown on the debit side
f. Prepaid insurance contains debit balance so if there is an increase so it would be shown on the debit side
g. Expense contains debit balance so if there is an decrease so it would be shown on the credit side
h. Supplies contains debit balance so if there is an decrease so it would be shown on the credit side
i. Revenue contains credit balance so if there is an increase so it would be shown on the credit side
j. Account receivable contains debit balance so if there is an decrease so it would be shown on the credit side
finanicial accounting
Answer:
financial accounting is a process of record,summarising and reporting a company's business transaction through financial statements.
Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.
Warm regards,
[Your Name]
[Your Position]
Explanation:
Productivity can be improved by:
Answer:
increasing the output for the same number of inputs
Explanation:
Hale’s TV Productions is considering producing a pilot for a comedy series in the hope of selling it to a major television network. The network may decide to reject the series, but it may also decide to purchase the rights to the series for either one or two years. At this point in time, Hale may either produce the pilot and wait for the network’s decision or transfer the rights for the pilot and series to a competitor for $100,000. Hale’s decision alternatives and profits (in thousands of dollars) are as follows:
State of Nature
Decision Alternative
Reject, s1
1 Year, s2
2 Years, s3
Produce pilot, d1
-100
50
150
Sell to competitor, d2
100
100
100
The probabilities for the states of nature are P(s1) = 0.20, P(s2) = 0.30, and P(s3) = 0.50. For a consulting fee of $5000, an agency will review the plans for the comedy series and indicate the overall chances of a favorable network reaction to the series. Assume that the agency review will result in a favorable (F) or an unfavorable (U) review and that the following probabilities are relevant:
P(F) = 0.69
P(s1 | F) = 0.09
P(s1 | U) = 0.45
P(U) = 0.31
P(s2 | F) = 0.26
P(s2 | U) = 0.39
P(s3 | F) = 0.65
P(s3 | U) = 0.16
Construct a decision tree for this problem.
What is the recommended decision if the agency opinion is not used? What is the expected value?
Answer:
To construct the decision tree, we can follow these steps:
1. Start with the initial decision nodes representing the two decision alternatives: "Produce pilot" (d1) and "Sell to competitor" (d2).
2. Assign the payoffs for each decision alternative under each state of nature.
3. Add chance nodes for each state of nature and connect them to the corresponding decision alternatives.
4. Assign the probabilities of each state of nature at the chance nodes.
5. Calculate the expected payoffs at each chance node by multiplying the payoffs with their respective probabilities and summing them up.
6. Determine the optimal decision by comparing the expected payoffs at the initial decision nodes.
Here is the decision tree for this problem:
| Produce pilot (d1)
| -100
|____________
/|\
/ | \
/ | \
/ | \
P(F) = 0.69 / | \ P(U) = 0.31
/ | \
/ | \
/ | \
/ | \
s1 / | \ s2
/ | \
/ | \
/ | \
/ | \
/ | \
50 | F U F | 100
| |
| |
| |
| s3 | s3
| |
150| F | 100
|_______________________________|
If the agency opinion is not used, the recommended decision would be to produce the pilot (d1) since it has a higher expected value compared to selling to the competitor (d2).
To calculate the expected value:
Expected value (d1) = (-100 * P(s1 | F) * P(F)) + (50 * P(s2 | F) * P(F)) + (150 * P(s3 | F) * P(F))
= (-100 * 0.09 * 0.69) + (50 * 0.26 * 0.69) + (150 * 0.65 * 0.69)
= -6.93 + 8.97 + 66.88
= 68.92
Expected value (d2) = (100 * P(s1 | U) * P(U)) + (100 * P(s2 | U) * P(U)) + (100 * P(s3 | U) * P(U))
= (100 * 0.45 * 0.31) + (100 * 0.39 * 0.31) + (100 * 0.16 * 0.31)
= 13.95 + 12.09 + 4.96
= 30
Comparing the expected values, the recommended decision is to produce the pilot (d1) with an expected value of 68.92.
Should firms require higher rates of return on foreign projects than on identical projects located at home? Explain.
discuss the pillars of government sector supply chain management.
Answer:
Pillar 1 – Vulnerability. ...
Pillar 2 – Management Culture. ...
Pillar 3 – Procurement. ...
Pillar 4 – Operations. ...
Pillar 5 – Demand & Visibility.
Explanation:
hope it's helpful to you
Other things being equal, the effect of a decrease in the price of Coca-Cola would cause which of the following?
a. A leftward shift in the demand curve for Coca-Cola. b. An upward movement along the demand curve for Coca-Cola.
c. A rightward shift in the demand curve for Coca-Cola. d. A downward movement along the demand curve for Coca-Cola.
Option d. A downward movement along the demand curve for Coca-Cola. So option d is the correct option.
Why is there a downward slope in the demand curve?Because people buy more of an item at a lower price, the demand curve slopes downward. The demand curve therefore slopes downward as a result of the inverse relationship between price and quantity desired.
Why does a demand curve make sense?The link between a product's price and its quantity required is graphically represented by the term "demand curve" in economics. Price and quantity demanded are depicted on the graph's vertical and horizontal axes, respectively.
To know more about demand curve visit:
https://brainly.com/question/13131242
#SPJ4
Oriole Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 390 $6 $2,340 12 Purchase 780 7 5,460 23 Purchase 585 8 4,680 30 Inventory 195 Assume a sale of 858 units occurred on June 15 for a selling price of $9 and a sale of 702 units on June 27 for $10. Calculate cost of goods available for sale. The cost of goods available for sal
Answer:
Cost of goods available for sale = $12,480
Explanation:
The cost of goods available for sale is the sum of the value of the opening inventory plus the cost of new purchase. The cost of new purchase would include carriage inward cost if any.
For Oriole company , the cost of goods available for sale would be computed as follows:
$
Opening inventory 2,340
Purchases
June 12 5,460
June 23 4,680 10,140
Cost of goods available for sale 12,480
Note that the sales made are not relevant for the purpose of determining the cost of goods available for sale. Also, the closing inventory would have been deducted from the cost of goods available for sale to arrive at the cost of goods sold should the question require it.
8
Tracy has heard about government bonds before, but she isn't sure what they are. She is very conservative by nature and is really hesitant
about trying new things. What can you tell her about government bonds that might actually convince her to invest?
OA. They always have a very high Interest rate.
OB. They are extremely difficult to find.
O c. They allow you constant access to your investment Income.
OD. They are relatively risk-free.
Reset
Next
Answer: They are relatively risk-free.
What is one benefit of buying bonds? a. bonds provide monthly interest payments to investors., b. bonds guarantee the investor will be repaid the bond's principal., c. bonds rise and fall less dramatically than stocks., Bonds offer a higher rate of return than stocks.
Bonds provide investors with a stable, predictable source of income. Bonds typically pay a fixed rate of interest until the bond matures, when the investor is repaid the bond's principal.
What is investors?Investors are individuals or organizations that provide capital to businesses, organizations, and governments in exchange for financial or other returns. These entities often take on large amounts of risk in order to achieve higher returns than those available from traditional forms of investments such as stocks and bonds. Investors can be categorized as either passive or active, depending on their level of involvement in the investment decision-making process.
This makes bonds an attractive investment for those looking for steady, reliable returns over time. Bonds also tend to be less volatile than stocks, meaning they don't rise and fall as dramatically. As such, they are generally seen as a safer investment than stocks. Finally, bonds typically offer higher rates of return than stocks, making them an attractive choice for those looking to maximize their returns.
To learn more about investors
https://brainly.com/question/28426415
#SPJ1
which of the following is a benefit of 3d printing over traditional manufacturing? answer wider variety of materials can be used more precise angles larger items can be produced consumes less material
One benefit of 3D printing over traditional manufacturing is the wider variety of materials that can be used.
Unlike traditional manufacturing, which is limited to certain materials, 3D printing can use a range of materials such as plastics, metals, ceramics, and even living tissue. Additionally, 3D printing can produce more precise angles and shapes than traditional manufacturing, as the technology allows for the creation of complex geometries with high accuracy. Another advantage of 3D printing is that larger items can be produced, as the process is not limited by the size of a manufacturing mold or tool. Finally, 3D printing can consume less material, reducing waste and increasing efficiency in the manufacturing process.
To learn more about manufacturing refer to:
brainly.com/question/14275016
#SPJ4
A Personal Outcomes approach changes ______ and _______
A Personal Outcomes approach changes the focus and power dynamic in service delivery.
Answer:record keeping , planning
Explanation:
A transaction against a consumer's normal buying behavior can be used to do which
of the following?
A) Create promotional campaigns
B) Detect fraudulent credit card transactions
C) Group the customer into a different category
Answer: Detect fraudulent credit card transactions
Explanation:
Fraudulent credit card transactions can be detected by comparing a transaction to a consumer's usual buying habits. As a result, option B is the proper response.
How is abnormal buying behavior detected?The difficulty of discovering patterns in data that deviate considerably from expected behavior is addressed by anomaly detection.
The ability to detect such irregularities is critical in areas like credit card and bank transaction fraud, insurance claims, and money laundering.
Suspicious-looking patterns are learned by neural networks, which then use those patterns to detect them further.
For more information about buying behavior, refer below
https://brainly.com/question/27063718
The future gain or loss of income from a capital investment is referred to by what term
The future gain or loss of income from a capital investment is referred to as the "return on investment" (ROI). It is a measure of the profitability of an investment and is typically expressed as a percentage of the initial investment. ROI takes into account both the amount of money gained or lost and the time frame over which the investment was held. A positive ROI indicates that the investment generated more money than was initially invested, while a negative ROI indicates that the investment lost money. ROI is an important metric used in finance and investment analysis to evaluate the success of an investment and to compare different investment opportunities.
At December 31, 2020 Sunland Company had 200000 shares of common stock and 10600 shares of 7%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2020 or 2021. On February 10, 2022, prior to the issuance of its financial statements for the year ended December 31, 2021, Sunland declared a 100% stock dividend on its common stock. Net income for 2021 was $960000. In its 2021 financial statements, Sunland’s 2021 earnings per common share should be:___________$4.47.$4.20.$2.21.$1.29.
Answer:
$2.21
Explanation:
For the computation of earnings per common share first we need to find out the preferred dividend and shares outstanding which is shown below:-
Preferred dividend = Common stock × 100 × Given percentage
= 10,600 × 100 × 7%
= 74,200
Share outstanding = Shares × 2
= 200,000 × 2
= 4,000,000
Earning per share = (Net income - Preferred dividend) ÷ Share outstanding
= ($960,000 - 74,200) ÷ 400,000
= $2.21
Hence, we applied the above formulas
Which groups of people are eligible for Medicare?
A. People over 65 who live below the poverty level only
B. People over 65 only
C. People who live below the poverty level
D. People over 65 and people with disabilities
Do you need a college degree to enter the military?
A. True
B. False
Answer:
B, false
Explanation:
which design elements can help readers understand your text
Design elements such as typography, text formatting, white space, color and contrast, visual aids, and consistency can significantly help readers understand text by enhancing readability, organization, and visual appeal.
Design elements play a crucial role in enhancing readability and comprehension of text for readers. Several key design elements can help readers understand the text effectively:Typography: Choosing appropriate fonts, font sizes, and line spacing can enhance readability. Clear and legible fonts, such as sans-serif fonts like Arial or Helvetica, with an optimal size and sufficient spacing, make it easier for readers to follow the text.Text formatting: Effective use of headings, subheadings, and bullet points helps to organize information and create visual hierarchy. This allows readers to scan and navigate the content, grasping the main ideas and subtopics quickly.White space: Incorporating sufficient white space around the text improves readability and prevents visual clutter. Ample margins, spacing between paragraphs, and line breaks provide visual breathing room, making the text easier to read and comprehend.Color and contrast: Using appropriate color combinations and contrasts between the text and background improves legibility. High contrast between text and background, such as black text on a white background, ensures clear visibility.Visual aids: Incorporating relevant images, diagrams, charts, or infographics can help illustrate concepts and provide visual cues to support understanding. Visual aids break up the text, engage readers, and make complex information more accessible.Consistency: Maintaining consistent design elements throughout the text, such as font styles, color schemes, and formatting, creates a cohesive reading experience. Consistency reduces cognitive load and allows readers to focus on understanding the content.By implementing these design elements, text becomes more visually appealing, organized, and reader-friendly, facilitating comprehension and enabling readers to engage with the material more effectively.For more questions on typography
https://brainly.com/question/28827609
#SPJ8
When shares of stock held as an investment are sold, the difference between the proceeds and the balance of the investment account is recorded as
a(n)
Oa. operating income and losses
Ob. paid-in capital addition
Oc. prior period adjustment
Od. gain or loss
?
When shares of stock held as an investment are sold, the difference between the proceeds and the balance of the investment account is recorded as gain or loss.
Lanyards that have no shock-absorbing features are used for _____. Group of answer choices climbing ladders workers under 150 pounds positioning working on scaffolds
Answer:
Positioning
Explanation:
In simple words, A positioning gadget system includes a positioning lanyard. The employee is supported by this system on a raised vertical surface, such as a wall or pole. This allows people to work while leaning without having to use their hands. The lanyard ties the individual to a place in ahead of their physique that serves as an anchor point.
Tahani is explaining to her mother why transferable skills are important in career planning. What is the BEST way to explain transferable skills?
The best way to explain transferable skill is Transferable skills, or portable skills, are all the skills that you take with you from one job to another. The ability to clearly communicate ideas to others, solve unexpected problems, or work well in a team are all examples of transferable skills.
Transferable skills, also known as portable skills, are any skills that you can take from one job to another. Transferable skills include the ability to clearly communicate ideas to others, solve unexpected problems, and work well in a team.
While technical skills enable you to complete specific technical tasks, such as coding in Python or creating wireframes for UX design, transferable skills ensure that you do your job well. As a result, employers highly value transferable skills: after all, a programmer who can work well in a team is likely more valuable than a programmer who cannot code well with others.
Learn more about transferable skill, here:
https://brainly.com/question/1233807
#SPJ1
Which stage of the product development cycle first involves a deep look into whether the demand is high enough to make the product profitable? A. test market B. financial analysis C. commercialization D. idea evaluation
Answer:
b
Explanation:
Explain the following terms: (1Mark each)
a) Family business
b) Innovation
c) Small business
d) Networking
e) Entrepreneurship
a)A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.
a)Family business, as the name suggests, is the organization which is actively owned, operated and managed by two or more members of the single-family. b)Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. c)Small businesses are types of corporations, partnerships, or sole proprietorships which have a small number of employees and/or less annual revenue than a regular-sized business or corporation. d)Networking is the process of making connections and building relationships.
e)Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
Learn more about family business, here:
https://brainly.com/question/28591368
#SPJ1
Which of the following best describes how subject lines should be created
The sentence that best describes how subject lines should be created is C) Bias-free language avoids words and phrases that unfairly stigmatize people.
What are subject lines?When recipients receive an email from someone especially from an organization, then the subject line serves as the first single-line text they see after the sender's name.
It should be noted that the The sender's name, the subject line, as well as the preview text are the first three items that would be seen in an email when it arrives in the inbox before it is been clicked open for the receiver of the message.
Learn more about subject lines at:
https://brainly.com/question/30543112
#SPJ1
complete question;
Which of the following best describes bias-free language?
A) Bias-free language is often unethical.
B) Bias-free language makes the user sound prejudiced.
C) Bias-free language avoids words and phrases that unfairly stigmatize people.
D) Bias-free language supports the stereotypes and prejudices that it reflects.
E) Bias-free language communicates from the audience's point of view and generally supports the audience's interests and preferences.
This morning I ordered my standard coffee refill from the Global Cafe for $1.09 (it is a lot cheaper if you are bringing your own cup). Before tax, a Venti Carmel Machiatto cost $4.95. Let's call the difference between the two $4. Assume that you buy coffees every week during the 52 week year. If you drop down from the Carmel Machiatto to a basic coffee, save $4 each time, and invest that $4 in an account that returns 6% per year, how much will you have in your account after 40 years? Do this on a monthly basis ($4 * 5 * 4 = $80) and use an interest rate of 6%/12 = 0.5% per month. Does this make you think twice about that expensive Carmel Machiatto calorie bomb?
Answer: $159,319.26
Explanation:
The monthly contribution of $80 is constant so this is an annuity. As we are to find the value after 40 years, this is a future value calculation.
No. of periods = 40 years * 12 months = 480 months
Interest = 0.5%
\(Future Value of Annuity = Contribution * \frac{[(1 + r)^{n} - 1]}{r} \\\\= 80 * \frac{[(1 + 0.005)^{480} - 1]}{0.005}\\\\= 159,319.2587\)
= $159,319.26
I think savings that add up to $159,319.26 will make most people think twice about the expensive Carmel Machiatto calorie bomb.
a business loan is substantively no different than other types of debt such as student loans or a home mortgage.
The following statement "a business loan is substantively no different than other types of debt such as student loans or a home mortgage" is true.
Although they have different meanings, the phrases "mortgage" and "home loan" are sometimes used synonymously. An acquisition loan known as a mortgage is one that is backed by the asset being purchased, the property. A mortgage product used particularly to buy a home is known as a home loan.
However, the bank or mortgage company does not actually own your home; rather, they just have a stake in the property and the mortgage note. The mortgage loan's security is thought to be your house. You are the property's legitimate owner as long as you repay your mortgage in line with the conditions.
To know more about Home Mortgage here
https://brainly.com/question/28051424
#SPJ4
Would you rather be able to change the size of your body, or be able to change your age?
ACCOUNTING:-
How do we find out the Balance B/D in the credit section?
In accounting, the term "Balance B/D" typically refers to the Balance Brought Down, which represents the balance carried forward from the previous accounting period.
To find out the Balance B/D in the credit section, you would need to consider the following:
Obtain the financial statements: Retrieve the previous period's financial statements, including the balance sheet and the income statement.
Locate the previous period's credit balance: Look for the credit balance in the relevant accounts on the balance sheet. These accounts could include liabilities, equity accounts, or contra-asset accounts.
Analyze changes: Review any changes that occurred during the previous period in the accounts with credit balances. Determine whether there were any increases or decreases in these accounts due to transactions or adjustments.
Calculate the net change: Calculate the net change in the accounts with credit balances by subtracting any decreases from the increases. This will give you the overall change in the credit balances of these accounts.
Determine the Balance B/D: Add the net change to the previous period's balance. If the previous period's credit balance was zero, then the net change itself will be the Balance B/D in the credit section. However, if there was an existing credit balance, you would need to add the net change to that balance to find the Balance B/D in the credit section.
By following these steps, you can identify the Balance B/D in the credit section, which represents the credit balance carried forward from the previous accounting period.
For more such questions on Accounting
https://brainly.com/question/26690519
#SPJ11
The aging schedule of a firm shows that 40 percent of the receivables are collected in 18 days and the remaining 60 percent of the receivables are collected in 50 days. As a result, the firm's days sales outstanding (DSO) is _____. Group of answer choices
The firm's days sales outstanding is 37.2 days.
Days sales outstanding refers to the average number of days its takes a firm to receive the payment for a sale done.
Days sales outstanding = 18 days*40% + 50 days*60%
Days sales outstanding = 7.2 days + 30 days
Days sales outstanding = 37.2 days
Therefore, the firm's days sales outstanding is 37.2 days.
Read more about Days sales outstanding:
brainly.com/question/14529769
At the beginning of 2020, Pronghorn Company acquired a mine for $1,732,800. Of this amount, $112,000 was ascribed to the land value and the remaining portion to the minerals in the mine. Surveys conducted by geologists have indicated that approximately 11,600,000 units of ore appear to be in the mine. Pronghorn incurred $190,400 of development costs associated with this mine prior to any extraction of minerals. It also determined that the fair value of its obligation to prepare the land for an alternative use when all of the mineral has been removed was $44,800. During 2020, 2,718,000 units of ore were extracted and 2,310,000 of these units were sold.
Required:
a. Compute the total amount of depletion for 2020.
b. Compute the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020.
Answer: a. $434880
b. $369,600
Explanation:
a. Compute the total amount of depletion for 2020.
Depletion Rate can be calculated as:
= (Mine cost - Value of land + Obligation + Development cost)/Ore extracted
= ($1,732,800 - $112,000 + $44,800 + $190,400)/$11,600,000
= $1856000/$11600000
= 0.16
Total amount of depletion for 2020 will now be calculated as:
= Depletion Rate × Ore extracted
= 0.16 × 2,718,000
= $434880
b. Compute the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020.
This will be calculated as the totsl depletion for 2014 divided by the value of the amount of ore that was extracted multiplied with amount of unit sold. This will be:
= (434,880/2,718,000) × 2,310,000
= 0.16 × 2,310,000
= $369,600