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1) Homeland Miners operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 62,500 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?
2) Clean Miners operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63,400 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.93 per pound. Allocate the joint costs using the relative sales values. With these costs, what is the profit or loss associated with Copper?
Markum Enterprises is considering permanently adding an additional $169 million of debt to its capital structure. find the value of interest tax shield
Prepare the journal entry to record the issuance by Karla Industries on Jan 1,2010. Prepare both of the journal entries to record interest on June
The Role of Accounting on Business and Our Society
on july 1 2012 an interest payment date 80000 of parks co. bonds were converted into 1600 shares of parks co. common
Compute the break-even point in number of rooms rented. What percentage occupancy for theyear is needed to break even? Assume that the volume level of rooms sold is 150,000. The manager is wondering how much incomecould be generated by adding sales ..
Wisconsin shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin and Badger for the six-month period
Recently, the FASB and the IASB allowed companies the option of recognizing in their financial statements the fair values of their long-term debt.
For each of the transactions in M2- 9 (including the sample), post the effects to the appropriate T- accounts and determine ending account balances. Show a beginning balance of zero. a. (Sample) Borrowed $ 3,940 from a local bank on a note due in six..
the first church has been asked to operate a homeless shelter in part of the church. to operate a homeless shelter the
orange company uses a plantwide overhead rate with machine hours as the allocation base. use the following information
Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reported in the statement, if at all. Assume that net income is reported as $90,000.
horace corporation has 200000 of convertible 5 bonds. each 500 bond is convertible into 50 shares of common stock. the
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