Marigold Corporation acquires a coal mine at a cost of $420,000. Intangible development costs total $105,000. After extraction has occurred, Marigold must restore the property (estimated fair value of the obligation is $84,000), after which it can be sold for $168,000. Marigold estimates that 4,200 tons of coal can be extracted.

Required:
If 735 tons are extracted the first year, prepare the journal entry to record depletion.

To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.

First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.

Gross oil profit for Shop B = 28.4% of $275.00

                                = (28.4/100) * $275.00

                                = $78.10

Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.

Amount of oil used for each oil change = $275.00 / $21.25 per gallon

                                                     = 12.94 gallons (rounded to two decimal places)

Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.

Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used

                                       = $78.10 / 12.94 gallons

                                       ≈ $6.03 per gallon

Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.

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The demand and supply curve give the quantity demanded and supplied at a given price

Reason:

Question 1:

Existing demand curve function is Q\(_d\) = 44 - 6·p

Existing supply curve function is Q\(_s\)  = 12 + 2·p

New demand curve function is Q\(_{new \, d}\) = 32 - 8·p

No change in supply curve

a) The slope of the demand curve is given by the coefficient of p

Two demand curves are parallel if their slopes are equal or the same

The coefficient of p, of the existing demand curve, (-6) is not the same as the coefficient of p, in the new demand curve, (-8), therefore, the slopes are different, and the new demand curve is not parallel to the old demand curve

b) The y-value of the y-intercept of the existing demand curve is 44

The y-value of the y-intercept of the new demand curve is 32

The x-value of the x-intercept of the existing demand curve is \(p = \frac{44}{6} = 7.\overline 3\)

x-value of the x-intercept of the new demand curve is \(p = \frac{32}{8} = 4\)

The y, and x-intercepts of the new demand curve are lower than those of the existing demand curve, therefore;

c) The equilibrium price before the change  in the demand curve is given by the solution of the existing demand and supply curve as follows;

At equilibrium, we have;

Q\(_d\) = Q\(_s\)

Therefore;

44 - 6·p = 12 + 2·p

44 - 12 = 2·p + 6·p

32 = 8·p

\(p = \dfrac{32}{8} = 4\)

The equilibrium price, p = 4

The equilibrium quantity is 44 - 6 × 4 = 12 + 2 × 4 = 20

The equilibrium quantity = 20

d)  The new equilibrium price is given as follows;

Q\(_s\) = Q\(_{new \, d}\)

We have;

12 + 2·p = 32 - 8·p

2·p + 8·p = 10·p = 32 - 12 = 20

\(p = \dfrac{20}{2} = 2\)

p = 2

The equilibrium price, p = 2

The equilibrium quantity = 12 + 2× 2 = 16

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Inflation rate in Year 2

= CPI in Year 2 - CPI in Year 1 X 100

CPI in Year 1

= 5.4

If inflation remains extended for too long, it can lead to something economists call hyperinflation. That is when expectations that fees could keep growing fuel greater inflation, which reduces the actual fee of every dollar in your pocket.

Economists and economic professionals agree on one element: better fees will in all likelihood close nicely into the next 12 months if no longer. And means individuals will keep experiencing the ache of higher fees for the foreseeable destiny.

Inflation will harm folks who keep cash financial savings and workers with constant wages. Inflation will benefit people with massive money owed who, with growing prices, locate it less complicated to pay back their debts.

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Answer:

29 years

Explanation:

50,000 + 8% = 54,150

it will take you 29 years in total

to be exact 504,882

Answer:

29.92 years

Explanation:

A = Ai * (1 + r)^n

500,000 = 50,000*(1 + 0.08)^n

divide by 50000

10 = 1.08^n

log of both sides

log(10) = n*log(1.08)

n = log(10) / log(1.08)

n = 29.9188 years

Suppose a country`s workers can produce 4 watches per hour or 12 rings per hour. If there is no trade,: The opportunity cost of 1 watch is 3 rings.

Opportunity cost can be defined as the way in which a person tend to forgone others alternative as a result of choosing an alternatives .

Example of opportunity cost is when a student choose to forgone the choice of watching a movies because the student want to read for his/her examination.

Now let find the opportunity cost;

Opportunity cost = 12 rings  / 4 watches per hour

Opportunity cost =  3 rings

Therefore the opportunity cost of 1 watch is 3 rings.

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Answer:

i think Harry  should be nice a gave Sally 2 of them.Then, they well have the same amount

Explanation:

The given four pricing strategies are explained below:

1. Odd Pricing

Odd pricing is a method of pricing products when the price is an odd number. Example: Traditionally, certain shoe companies use strange pricing to determine the cost of their shoes and chappals, such as 399.95 $. The decision to set the price at an odd number makes perfect sense. Instead of 400$, 399.95 $ sounds better. It gives the appearance that the price is lower.

2. Price lining

In this instance, the price is set once, and it stays that way for a considerable amount of time.

3. Freemium pricing

Businesses can use freemium pricing as a pricing strategy to provide clients with both free and paid services. The paid alternatives are typically improved, or premium, versions of the service, whereas the free options are only the basic ones.

4. Leader pricing

A technique for pricing things below their profit margin is called leader pricing. Businesses who use this tactic don't earn from the sales of these discounted goods, but it might offer them a lot of advantages. Businesses may attract customers, promote purchases, raise overall sales, and strengthen customer loyalty by providing fantastic discounts to their customers.

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A promissory note can best be described as: a. an interest-bearing IOU.

Promissory note can be defined as a written note that help to shows that a person who lend a money from another person  promise to payback. The note contains  a promise by the borrower to pay back the lender within a stipulated period of time.

A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which  the borrower will have to payback.

A promissory note also contains the terms and conditions of the agreement  and this terms and agreement includes the following :

Therefore we can conclude that the correct option is A.

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Answer:

Today SIPRI estimated that global military expenditure in 2015 was $1676 billion, about 2.3% of the world's total Gross Domestic Product (GDP). Such high levels of spending frequently raise concerns as to the 'opportunity cost' involved in military spending—the potential civilian uses of such resources that are lost.

Explanation:

Hope this helps. Have a nice day!

Answer: 165,000

Explanation:

To compute the company’s residual income for the year, we can use the formula:

Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)

Given: Net Operating Income = $420,000 sales = $1,500,000

Average Operating Assets = $1,700,000

Minimum Required Rate of Return = 15% = 0.15

Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)

Residual Income = $420,000 – (0.15 x $1,700,000)

Residual Income = $420,000 – $255,000

Residual Income = $165,000

Therefore, the company’s residual income for the year was $165,000.

Answer:

flat

Explanation:

In a vertical structure of organization, there is a pyramidal top-down structure

whereby there would be be owner at top i.e CEO, a manager at middle section as well as supervisor and employees at the bottom section.

It should be noted that In the context of the vertical structure of a firm, a wide span of control builds a flat organization with few reporting levels.

The average per share amount for the common shares of Cheyenne Corp. is approximately $4.9787.

To calculate the average per share amount for the common shares of Cheyenne Corp., we need to determine the total amount of money received from the issuance of common shares and divide it by the total number of common shares issued.

Let's calculate the total amount of money received from the issuance of common shares:

Jan. 12: 47,000 common shares issued for $5 per share

47,000 common shares × $5 per share = $235,000

Now, let's calculate the total number of common shares issued:

Jan. 12: 47,000 common shares issued

The total number of common shares issued is 47,000.

Next, we can calculate the average per share amount for the common shares:

Average per share amount = Total amount of money received / Total number of common shares issued

Average per share amount = $235,000 / 47,000

Average per share amount ≈ $4.9787

Therefore, the average per share amount for the common shares of Cheyenne Corp. is approximately $4.9787.

It's important to note that the calculation assumes that there were no other common share issuances or transactions throughout the year. If there were additional issuances or transactions, they would need to be considered to calculate an accurate average per share amount.

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Answer:

5

Explanation:

A+A = 2

means 1 + 1 = 2

A+B = 3

means 1 + 2 = 3

A + B x 2 = 5

as A = 1

B = 2

We will use bodmas

so first multiply than plus the answer

I hope this helps a little bit.

1. the postal service experienced an increase in total contribution margin of $7.00

2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.

3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00

4. The exact number of deluxe sheets is 45.

Calculation of the increase (decrease) in total contribution margin:

The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:

Selling price of regular souvenir sheets: $8.00

Selling price of deluxe souvenir sheets: $15.00

Number of regular souvenir sheets sold: 80,000

Number of deluxe souvenir sheets sold: 50,000

To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:

Contribution margin regular souvenir sheets = Selling price - Variable cost

= $8.00 - Variable cost

Contribution margin deluxe souvenir sheets = Selling price - Variable cost

= $15.00 - Variable cost

To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:

Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular

= ($15.00 - Variable cost) - ($8.00 - Variable cost)

= $15.00 - $8.00

= $7.00

So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.

2. Calculation of the percentage increase in selling price and unit sales:

Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100

= [(15.00 - 8.00) / 8.00] * 100

= 87.5%

Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.

Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100

= [(50,000 - 80,000) / 80,000] * 100

= -37.5%

The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.

3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:

To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:

Selling price deluxe = Selling price regular + Increase in contribution margin

= $8.00 + $7.00

= $15.00

So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.

4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:

Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold

= ($8.00 - Variable cost) * 80,000

To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:

Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets

($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000

Simplifying the equation:

Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)

= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)

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Answer and Explanation:

The following shall be the performance criteria for assessing the success of faculty members in the school.

1. The first criterion is the attendance of faculty and the number of lectures that the faculty is supposed to take as compared with the number of lectures the faculty actually takes during an academic year.

2. The second criterion is to assessing of faculty based on student engagement i.e student attendance how much he or she is present in a school

3. The third criterion deals with faculty involvement with respect to mentoring and motivating them for curricular activities.

4. The fourth criterion is faculty behavior. How he or she is behaving with the management, colleagues, and students.

5. The fifth criterion is based on student performance.

By the above explanation,  we can conclude that the success of faculty could be determined mainly with the faculty attendance, his or her behavior students performance, etc

Now for the standard,  we recommend we have to consider the ten point scale so that we can analyze each faculty performance based on the criterion as discussed above.

And for the success of each lecture, we need to do the rating that should be a minimum of  5 out of 10 for all standards, etc

The percentage of assets that were provided by investors, creditors, and earnings is $84,800.

An investor is any individual or other entity such as a business or mutual fund who invests money with the hope of making a profit.

A technique for company improvement called the Investors in People Standard aims to boost an organization's performance through its workforce. The management and growth of an organization's workforce aids in performance improvement and the achievement of goals.

Calculation-

Balance sheet

assets = liability + stockholder's earning,

Cash+land = notable payable+common stock+retained earning

$29800+$55000=$28000+$54000+$2800.

$84800=$84800

Income statement

Revenue-expenses =net income

$50000-$46000=$4000

Thus, it is $84,800.

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The working note and solution is attached-

The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.

Distribution channel serves as the means by which companies make their products to be available to final consumer.

This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.

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Answer: 3,125,000 shares.

Explanation:

The number of shares of common stock that must be issued will be calculated as follows:

Let the amount to be raised be represented by x. Therefore,

x - (8% × x) = $115 million

x - (0.08 × x) = $115 million

x - 0.08x = $115 million

0.92x = $115 million

x = $115 million/0.92

x = $125 million

Then the number of shares that'll be issued will be:

= Amount raised / Issue price of stock.

= $125 million / 40

= 3,125,000 shares.

The store which uses the fulfillment center is Amazon.

The order fulfillment center is seen as the customer of packaging, receptacles, or of the sections of canisters which it employs to maintain, safeguard, and contain the products which it packages. So, Fulfillment by Amazon (FBA) is a service which tends to allow businesses in order to outsource order fulfillment to Amazon.

Here, there are several business which send products to Amazon fulfillment centers and when a customer makes a purchase, we pick, we pack, and then we ship the order. Thus, they also provide customer service and process returns for the orders placed.

Hence, option C is correct.

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Answer:

Relevant: diligent research, customer complaint history, rating of the company.

Not relevant: size of the company and location of the company

Explanation: Just took the test and this is the correct answer!

While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.

It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.

Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.

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Answer:

monetary policy

Explanation:

The goal of a contractionary policy is to reduce the money supply within an economy by increasing interest rates. 5 This helps slow economic growth by making credit more expensive, which reduces consumer and business spending.

since u didn't specifically said the option this is the most likely

To help banks determine if people should be given a loan or credit card: purpose of a credit report. Thus, option B is the correct option.

A credit report is a document that contains details on your credit history, credit use, and other aspects of your credit behavior and circumstances. The majority of individuals have several credit reports. Creditors such as lenders, credit card issuers, and other financial institutions send financial information about you to credit reporting firms, commonly referred to as credit bureaus or consumer reporting agencies, who then collect and store it.

It is not necessary for creditors to report to all credit reporting agencies. These reports are used by lenders to determine whether to lend you money and what interest rates to charge you. Your credit report is also used by lenders to assess whether you will continue to adhere to the conditions of an existing credit account.

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The function of a yield management system is to: achieve maximum room occupancy and at the same time determining the best average room rate.

Yield management is a variable pricing approach, primarily based on knowledge, looking forward to and influencing client behavior so one can maximize sales or earnings from a hard and fast, time-constrained useful resource.

Yield management is a dynamic motel pricing strategy designed to provide the most revenue, or yield, from a set stock of rooms. it is about expertise and influencing traveller booking conduct and locating the most effective balance among occupancy and charge.

Yield management makes a speciality of finding the right stability of deliver and call for to get the most bookings at the very best fees. It enables you maximize room sales and profitability.

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Accounting is essential because it is the language of business. It provides a systematic way to record, analyze, and communicate financial information, allowing businesses and individuals to make informed decisions regarding their financial activities.

Accounting helps in tracking income, expenses, assets, and liabilities, and provides a basis for measuring profitability, evaluating financial health, and ensuring compliance with financial regulations.

In my personal and professional life, accounting impacts me in several ways. Personally, I use accounting principles to manage my personal finances, budgeting my income, tracking expenses, and setting financial goals. It helps me understand where my money is going, identify areas where I can save, and make informed decisions about investments or large purchases.

In my professional life, understanding accounting is crucial for financial planning, budgeting, and reporting. It helps me analyze the financial performance of my organization, assess profitability, and make strategic decisions based on financial data. I rely on financial accounting statements, such as the income statement, balance sheet, and cash flow statement, to gain insights into the company's financial position and performance.

Applying the concepts of financial accounting, I can practically utilize the knowledge in several ways. For example, I can use financial statements to assess the financial health of a potential investment or evaluate the financial stability of a company I'm considering working for. I can also use financial ratios and analysis techniques to compare companies within the same industry and make informed investment decisions.

Regarding the differences between financial and managerial accounting, financial accounting focuses on providing financial information to external stakeholders such as investors, creditors, and regulatory authorities. It follows generally accepted accounting principles (GAAP) and produces financial statements that adhere to specific reporting standards.

On the other hand, managerial accounting is used internally within an organization to provide information for managerial decision-making. It focuses on providing detailed information to managers to aid in planning, controlling, and decision-making processes. Managerial accounting allows managers to analyze costs, budgeting, performance evaluation, and forecasting.

In my personal life, I can apply financial accounting principles to manage my personal budget, track my expenses, and assess my financial goals. This helps me understand my financial position, control my spending, and make adjustments to ensure I am on track to meet my objectives.

Managerial accounting can be applied to personal life by using cost analysis techniques to make decisions about purchases or evaluating the cost-effectiveness of different options. For example, when considering buying a new car, I can analyze the total cost of ownership, including purchase price, maintenance, and fuel expenses, to make an informed decision.

In conclusion, accounting is essential for both personal and professional financial management. Understanding the basics of financial accounting and financial accounting statements enables individuals to make informed decisions about their finances, while also providing valuable insights for organizations to assess their financial performance and plan for the future. By applying accounting concepts, we can effectively budget, spend, and save, both in personal and professional settings.

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The purpose of this research is to examine the service proficiency of OEI and suggest suitable  staffing levels for accommodating a growing clientele of 20 and 30.

1. Arrival Rate for Each Customer:  1.25 customers per hour.

2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.

3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.

1. Arrival Rate for Each Customer:  1.25 customers per hour.

10 customers / 8 hours

= 1.25 customers per hour.

2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.

1 customer / 3 hours

= 1/3 customers per hour.

3. Travel Time and Waiting Time:

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The following are the objectives of an effective purchasing program except Estimate the inventory of stocks. The correct option is B.

Ordering, storing, and utilizing inventories are all parts of the inventory management process. This stock management entails creating leads for raw materials, components and completed goods as well as storing and processing those commodities within your business. Before being included on the balance sheet, the inventory that is now available must be physically counted.

The steps and practices involved in purchasing program do not include estimating the inventory of stocks. It often falls under inventory management, which also includes keeping track of and managing the quantity and accessibility of current inventories. Although inventory levels may affect buying choices, they do not directly affect the buying process.

Thus, the ideal selection is option B.

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Your Question seems incomplete most probably your complete Question was:

The following are effective purchasing steps and procedures except one:

A. Develop purchase orders B. Estimate inventory of stocks

C. Identify needs by planning D. Select and negotiate with vendors

Answer:

To me, it would be all of them, D. Bonus?

Explanation:

In a chaotic system, the managers job is to verbalize the guiding mission and establish boundaries. Hence, option C is correct.

Chaos theory states that although chaotic complex systems seem random, they in fact contain underlying patterns, linkages, ongoing feedback loops, repetition, self-similarity, fractals, and self-organization.

The only constant is the unexpected, complicated, and chaotic character of life itself. Equilibrium can only happen when someone passes away. At the same time as creation, there is also destruction. Chaos is a result of a myriad factors, rendering any attempts to control it useless.

It produces at least three different types of chaos, including sandwich, horseshoe, and Lorenzian chaos. It is possible to have two chaotic governments of this type running concurrently and interacting with one another like links in a chain.

Stability and chaos are two distinct concepts. Chaotic attractors are stable by definition.

Thus, option C is correct.

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