What is profit or loss associated with copper

Assignment Help Financial Management

Reference no: EM131340544

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 $0.85 per pound. Allocate the joint costs using the relative sales values. With these costs, what is the profit or loss associated with Copper?

Reference no: EM131340544

Questions Cloud

What effect did write off have on company 2004 current ratio : Precious Toys Ltd wrote off EUR 100,000 of obsolete inventory at 31 December 2004. What effect did this write-off have on the company's 2004 current and quick ratios?

Admission particular program : Why are you applying for admission into your particular program? What about the program will help bring you closer to achieving your personal and/or professional goals?

Why is unemployment an economic problem : What month (and year) is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month?What were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites? How did ..

Examine the relationship between procurement planning : Running short on a deadline. Procurement class. Can someone: Examine the relationship between procurement planning and the project management process groups and knowledge areas defined in the 2013 A Guide to the Project Management Body of Knowledg..

What is profit or loss associated with copper : 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 $..

Related accounts for the year ended 31 march 2005 : Lollo's inventory and other related accounts for the year ended 31 March 2005 follow:- How many times did the inventory turn over during the financial year ended 31 March 2005?

Find the resistance of the external load : A battery of emf 50 V and internal resistance 0.2 Ω supplies a current of 1.8 A to an external load.

Analyze your perception of a chosen conflict : Identify an example of conflict you have personally experienced in a relationship - Analyze your perception of a chosen conflict and the role emotions played in the conflict. In what ways were you interfering with the other person's goals?

Incremental cost of going outside versus conducting survey : Each year, Sunshine Motos surveys 7,500 former and prospective customers regarding satisfaction and brand awareness. For the current year, the company is considering outsourcing the survey to Global Associates, who have offered to conduct the survey ..

User Account

All Pages