Monroe minerals company purchased a copper mine for $120,000,000. the mine was expected to produce 50,000 tons of copper over its useful life. during year 1, the company extracted 6,000 tons of copper. the copper was sold for $4,500 per ton. assume that the company incurred $8,040,000 in operating expenses during year 1. based on this information, how much net income would monroe report in year 1?

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?