Answer:
Option c is the correct answer.
Explanation:
The depletion expense or charge for the period can be calculated using the following formula,
Depletion expense = [(Cost - Salvage Value) / Total units expected to be mined] * Units mined during the period
Depletion expense = [(1500000 - 250000) / 2000000] * 150000
Depletion expense = $93750
The entry to record the expense is,
Depletion expense 93750 Dr
Accumulated depletion 93750 Cr
So, option c is the correct answer.
Answer:
B. The economy would have enjoyed a much higher level of output in the mid-2000s.
Explanation:
This choice is based on the theory of production capacity, which tries to explain that industrial capacity of companies increases with increased supply of production resources. Capital is one of the production resources which is increased with increased supply of US dollars. Increased money supply increases the capital which banks can lend out to companies to increase their production capacity.
On the other hand, where this to be based on the theory of inflation, a different answer would have been produced. The theory of inflation recognizes that the average inflation rate increases proportionately to a percentage increase in money supply, among other factors that influence inflation rates.
That the price level in 2005 would have been about 28 percent higher than what it actually reached in that year is highly speculative. And D is certainly not the correct option, because the economy's output is increased with increased production capacity caused by increased money supply.
Answer:
It is departmentalized in a functional way
Explanation:
Functional departmentalization is the type of organizational structure based on common job functions. In Mitchell's case all similar jobs, like legal or marketing, are grouped in one place or on the same floor. This type of organization provides space for further employee's specialization by putting staff in places where their skills can further develop.
Answer:
It is more profitable to continue processing.
Explanation:
Giving the following information:
A company has inventory that cost $50,000. Its scrap value is $65,000. The inventory could be sold for $150,000 if manufactured further at an additional cost of $80,000.
Sell for scrap= 65,000 - 50,000= 15,000
Continue processing= 150,000 - 80,000 - 50,000= 20,000
Answer: Under the given option; the statement (d) is false. i.e. <u><em>Fluctuations of a stock's returns that are due to firm-specific news are common risks.</em></u>
<em>Fluctuations of a stock's return that are due to </em><u><em>market wide news</em></u><em> are common risk. These tend to fluctuate with fluctuation in market wide news and several other variables. </em>
<em>Therefore, the statement </em> <em>Fluctuations of a stock's returns that are due to firm-specific news are common risks, is </em><u><em>false.</em></u>
<u><em>The correct option to this question is (d)</em></u>
