Allocate the joint costs using relative weight

Assignment Help Financial Management

Reference no: EM13917733

Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 62,800 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.89 per pound. Allocate the joint costs using relative weight. With these costs, what is the profit or loss associated with Copper?

Reference no: EM13917733

Questions Cloud

Forward contracts mark to market : Profit and losses from forward contracts cannot be calculated until the forward contract expires. Forward contracts mark to market.

Futures contracts have more liquidity risk : futures contracts have more liquidity risk than forward contracts. futures contracts are more standardized than forward contracts. forward contracts have less credit risk for investors as compared to futures contracts.

Essay questions using minimum of three sources : Answer the following essay questions using a minimum of three sources for each response. Your paper should be at least three pages in length and use APA style guidelines.

Aicpa code of professional conduct rules : What if you have already told the other side that the building is fine when you learn about the problems? What other potential ethics issues do you see in this situation? Which AICPA Code(s) of Professional Conduct rules apply in this situation (expl..

Allocate the joint costs using relative weight : Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 62,800 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $..

Record these events in a horizontal statements : Bailey Corporation issued 10,000 shares of no par common stock for $25 per share. Bailey also issued 3,000 shares of $40 par, 6 percent noncumulative preferred stock at $42 per share.

What is the projects NPV and What is the projects IRR : Lewis Finance Investor Group, Inc. is considering a new project, which would include opening a college textbook store approximately 2 miles north of campus on Rt. 53. The initial investment (outflow) will include inventory, land and a building. What ..

Do john and jane have any recourse against david : John and Jane have also been left empty handed as David's contract with Big Blue Co Ltd was in his own name, making no reference to Start Up Pty Ltd. Do John and Jane have any recourse against David?

What is the required return for the overall stock market : Assume that the risk free rate is 6% and the required rate of return on the market is 13%. What is the required rate of return for Sears, which has a beta of 2.0? What is the required return for the overall stock market?

User Account

All Pages