Author Question: Sinclair Energy Resources purchased land containing 10.4 million tons of tar sands for 2,704,000. It ... (Read 222 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
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
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
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

For a complete list of videos, visit our video library