Business, 06.12.2019 19:31 badpotterchris
Buffalo mining company purchased land on february 1, 2020, at a cost of $885,500. it estimated that a total of 55,200 tons of mineral was available for mining. after it has removed all the natural resources, the company will be required to restore the property to its previous state because of strict environmental protection laws. it estimates the fair value of this restoration obligation at $103,500. it believes it will be able to sell the property afterwards for $115,000. it incurred developmental costs of $230,000 before it was able to do any mining. in 2020, resources removed totaled 27,600 tons. the company sold 20,240 tons.
(a) per unit mineral cost. (b) total material cost of december 31, 2014, inventory (c) total materials cost in cost of goods sold at december 31, 2014.
Answers: 3
Business, 22.06.2019 08:10
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Business, 22.06.2019 11:30
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Business, 22.06.2019 11:40
Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?
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Business, 22.06.2019 17:30
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Buffalo mining company purchased land on february 1, 2020, at a cost of $885,500. it estimated that...
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