With the current
exchange rate provided by the word bank, 1 US dollar would be the equivalent of
64.43 Indian Rupees or INR. By knowing this exchange rate, you can simply
divide the given amount which is 862,800 Indian Rupees by 64.43 INR. After dividing
the two amounts, you will probably have 13,391.28 as your answer. There are a
lot of ways in the digital age to convert currencies right now. However, when
you exchange your money in exchange centers,do not expect to have the same
amount you just calculated since you will be paying for a few taxes and service
fees.
Answer:
Explanation:
The journal entry is shown below:
Inventory A/c Dr $73,500
To Accumulated depletion A/c $73,500
(Being the depletion is recorded)
The computation is shown below
First we have to compute the depletion per ton which is shown below:
= (Acquired cost of coal mine + Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)
= ($400,000 + $100,000 + $80,000 - $160,000) ÷ (4,000 tons)
= $105
Now if 700 are extracted in first year, so the depletion would be
= 700 × $105
= $73,500
Insurance companies use several factors or considerations to evaluate drivers as being qualified for insurance. Drivers need to be qualified by their insurance company to make sure they are qualified to hold insurance and also, what their rates will be. Insurance companies will ask those in question of being insured what their driving history is like, education, work, vehicle, age and other information to decide their insurance qualifications and rate.
Answer:
Ending inventory at average cost= $2400
Explanation:
Sunland Company
Date Particulars Units Unit Cost Total Cost
July 1 Beginning inventory 72 $19 $1368
7 July Purchases 252 $20 5040
<u>22 July Purchases 36 $22 792 </u>
<u> Total </u><u> 360 $7200 </u>
30 June Ending Inventory 120 units
Average Cost= $7200/360= $20
Ending inventory at average cost= 120 units at $20= $2400
We divide the total cost with the total number of units to get the average cost. We multiply the average cost with the ending inventory units to get the vale of ending inventory at average cost.
