b. The amount of depletion deducted from revenue during 2013 is $3,840,000.

c. The amount of depletion deducted from revenue during 2013 is $2,000,000.

d. The mine is classified as an intangible asset with in indefinite life and is not amortized.

Answer:

**Answer:**

The correct answer is B.

**Explanation:**

Giving the following information:

In April 2013, Sparkle Enterprises purchased the Crimson Mine for $18,000,000. The mine is estimated to contain 500,000 tons of ore with a residual value of $2,000,000 after mining operations are completed. During 2013, 120,000 tons of ore were removed from the mine and sold.

**Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced**

Annual depreciation= (16,000,000/500,000)*120,000= $3,840,000

Accounts receivable in an existing business:A) are rarely worth their face value.B) unlike inventory, are often worth their face value.C) appreciate over time due to interest and penalties.D) are not a significant consideration when buying anexisting business

Answer the following questions using the information below: Cannady produces six products. Under their traditional cost system using one cost driver, SR6 costs $168.00 per unit. An analysis of the activities and their costs revealed that three cost drivers would be used under the new ABC system. The new cost of SR6 was determined to be $178.00 per unit. Given this change in the cost ________.

James, Inc., has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of 5 years. The depreciation schedule for the machine is straight-line with no salvage value. The machine costs $540,000. The sales price per pair of shoes is $77, while the variable cost is $29. Fixed costs of $245,000 per year are attributed to the machine. The corporate tax rate is 22 percent and the appropriate discount rate is 9 percent. What is the financial break-even point? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16)

A trustworthy friend asks to borrow money from you today. She promises to pay you exactly $3500 in 2 years, and she insists on your earning the same interest rate on your loan to her as you would have earned keeping your money in your savings account that earns 2%. How much can you lend her today

Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a percentage of credit sales. For 2013, net credit sales totaled $4,500,000, and the estimated bad debt percentage is 1.5%. The allowance for uncollectible accounts had a credit balance of $42,000 at the beginning of 2013 and $40,000, after adjusting entries, at the end of 2013.Required:1. What is bad debt expense for 2013?2. Determine the amount of accounts receivable written off during 2013.3. If the company uses the direct write-off method, what would bad debt expense be for 2013?

Answer the following questions using the information below: Cannady produces six products. Under their traditional cost system using one cost driver, SR6 costs $168.00 per unit. An analysis of the activities and their costs revealed that three cost drivers would be used under the new ABC system. The new cost of SR6 was determined to be $178.00 per unit. Given this change in the cost ________.

James, Inc., has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of 5 years. The depreciation schedule for the machine is straight-line with no salvage value. The machine costs $540,000. The sales price per pair of shoes is $77, while the variable cost is $29. Fixed costs of $245,000 per year are attributed to the machine. The corporate tax rate is 22 percent and the appropriate discount rate is 9 percent. What is the financial break-even point? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16)

A trustworthy friend asks to borrow money from you today. She promises to pay you exactly $3500 in 2 years, and she insists on your earning the same interest rate on your loan to her as you would have earned keeping your money in your savings account that earns 2%. How much can you lend her today

Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a percentage of credit sales. For 2013, net credit sales totaled $4,500,000, and the estimated bad debt percentage is 1.5%. The allowance for uncollectible accounts had a credit balance of $42,000 at the beginning of 2013 and $40,000, after adjusting entries, at the end of 2013.Required:1. What is bad debt expense for 2013?2. Determine the amount of accounts receivable written off during 2013.3. If the company uses the direct write-off method, what would bad debt expense be for 2013?

**Answer:**

**$666 Favorable**

**Explanation:**

The computation of Activity variance is shown below:-

For computing the activity variance first we need to compute the Planning budget and flexible budget

Planning budget = $35,900 + $11.10 × 3,650

= $76,415

Flexible budget = $35,900 + $11.10 × 3,590

= $75,749

**Activity variable = Activity variance - Flexible budget **

= $76,415 - $75,749

= **$666 Favorable**

B) They are not easily predicted from historical financial statements of a firm and its competitors.

C) These earnings are not actual cash flows.

D) They do not tell how the decision affects the firm's reported profits from an accounting perspective.

**Answer and Explanation:**

C) These earnings are not actual cash flows.

**Answer:**

** 14,000**

**Explanation:**

Given that,

Market value per share = 10

Shares granted = 4,200

Years of grant = 3

Total compensation expense = Market value per share × Shares granted

= 10 × 4,200

= 42,000

**Compensation expense per year:**

= Total compensation expense ÷ Years of grant

= 42,000 ÷ 3

=** 14,000**

The **compensation expense** pertaining to the restricted shares in the first full year after the grant is $14,000.

The compensation expense pertaining to the restricted **shares **in the first full year after the grant can be calculated by multiplying the number of shares granted by the fair value of the shares on the grant date. In this case, 4,200 shares were granted and the fair value was $10 per share, so the total value of the shares is $42,000.

Since the shares are subject to forfeiture if employment is **terminated **within three years, the compensation expense is recognized over a three-year vesting period.

Therefore, the compensation **expense **pertaining to the restricted shares in the first full year after the grant would be $42,000 divided by three years, which is $14,000.

#SPJ3

**Answer:**

1.2%

**Explanation:**

The increase in wages must be bench-marked with the rate of inflation because the increase in wages does not determine your purchasing power, If the rate of inflation exceeds the percentage increase wages, your purchasing power is is declining all things being equal..

The real increase in wages = Percentage increase in wages - Inflation rate

= 4.80 percent - 3.60 percent

= 4.80% - 3.60%

= 1.2%

Therefore the approximate real increase in wages is 1.2%

yes because girls feel like they have to please everyone and leave up to people expectations

yes/true/correct/not false