Evaluate what is the profit or loss associated with copper

Assignment Help Financial Accounting
Reference no: EM132583875

Question 1: Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63,100 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.85 per pound. Allocate the joint costs using relative weight. With these costs, what is the profit or loss associated with Copper?

Reference no: EM132583875

Questions Cloud

Why do businesses form strategic partnerships : 1. Why do businesses form strategic partnerships? Does the creation of America's Natural Gas Highway require such a partnership? Why or why not?
Discuss the service delivery explored in the article : Prior to beginning work on this assignment, read Chapter 7: Gerontology: Human Services with Older Adults. In addition, find an article within.
Find what is the incremental savings of buying the valves : Find What is the incremental savings of buying the valves? (The answer should be stated in a per-unit format and is a positive number)
Pricing and chanel of distribution : Understand the importance of pricing. Lawyers are changing their pay structures. It used to be that they would bill hourly.
Evaluate what is the profit or loss associated with copper : What is the profit or loss associated with Copper?The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.85
Analyze the functions of Government during the Gilded Age : Analyze the functions of Government during the Gilded Age? Include a discussion of laissez faire, social Darwinism, the boss system, and court actions
Nine steps in ackerman and anderson roadmap : Select one of the following tools: the nine steps in Ackerman and Anderson's roadmap for change
Demonstrate what is profit or loss associated with copper : During July, the company obtained, Allocate the joint costs using the relative sales value. With these costs, what is the profit or loss associated with Copper?
What do you think of the given experiment : Watch the video below pertaining to the Hungry Rat Experiment and provide an analysis through a 3-paragraph minimum Essay. What do you think of this experiment?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Future enacted income tax

Gore elected to expense $150,000 and to use straight-line depreciation which will allow a cost recovery deduction of $120,000 for 2015. Assume a present and future enacted income tax rate of 30%

  Why are the bank charges on the bank statement

Assume the bank statements Why are the bank charges, the direct debits and credits recorded on the bank statement but not in the cash books?

  Prepare an adjusted trial balance on august 31

Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. - Prepare a ledger using T accounts. Enter the trial balance amounts and post the adjusting entries.

  How much income does sean have if the benefit is provided

how much income does Sean have if the benefit is provided on a nondiscriminatory basis?

  Was the company able to generate value for shareholders

Do you think the IPO was a success based on your analysis? What economic and market factors potentially influenced the results of the IPO?

  Unbiased expectation theory holds

Suppose you believe that the unbiased expectation theory (UET) holds. Then, using the hypothetical yield curve depicted below finds all the implicit forward rates. Now suppose that the researchers believe that liquidity premium for 6 month, 1 year an..

  Prepare the adjusting entry to be made on december

Assuming that interest and discount amortization are recorded each May 31, prepare the adjusting entry to be made on December 31, 2021

  What is the drop in value of a share of Summit Systems

Summit Systems has an equity cost of capital of 11.0%, What is the drop in value of a share of Summit Systems stock based on this information

  Practically apply the decision making models

You had to practically apply the decision making models and tools you have learned about throughout the subject. Reflect on your experience in completing the various assessments in this course. How critical do you believe the quality of decision maki..

  What amount of retained earnings would pane report

What amount of retained earnings would Pane report in its June 30, year 2 consolidated balance sheet?

  What was marilyns direct labor efficiency variance for april

What was Marilyn's direct labor efficiency variance for April? What was Marilyn's factory overhead flexible-budget variance for April?

  Journal entries for paid balance due on the merchandise

journal entries for paid balance due on the merchandise inventory purchase.1.312009 goochland issued 500000 of 10-year

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd