« previous next »

Author Question: Sinclair Energy Resources purchased land containing 10.4 million tons of tar sands for 2,704,000. It ... (Read 165 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Sinclair Energy Resources purchased land containing 10.4 million tons of tar sands for 2,704,000. It cost 992,000 to prepare the property for production and the residual value is 189,000. Compute the annual depletion cost if 2,226,000 tons were produced during the year. (Round depletion cost per unit to the nearest cent)

Question 2

On October 20, Revere Products purchased lamps from A&L Imports for 7,500 with terms of 4/15, n/30. On the last day of discount, Revere Products sent in a 3,000 partial payment. a. What is the last day of discount? b. How much credit did Revere get for the partial payment?


ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 24, 2018
Answer to Question 1

756,840

Answer to Question 2

a. November 4
b. 3,125


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Giant African land snails Giant African land snails
Energy in China Energy in China
Sea and Land Breezes Sea and Land Breezes
The mitochondrion is the center of energy transformation in the cell The mitochondrion is the center of energy transformation in the cell
Annual Energy Flow: Silver Springs Annual Energy Flow: Silver Springs
Earth 430 Million Years Ago Earth 430 Million Years Ago
Video: Pores and Ion Channels

For a complete list of videos, visit our video library