A coal mine was acquired at a cost of $4,000,000 . No salvage value was expected and the estimated number of units available for production was 4,000,000 tons. During the first year, 440,000 tons of coal was mined and sold. The depletion expense for the first year was
a. $44,200.
b. $440,000.
c. $4,000,000.
d. $4,400,000.
b
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Mike has written a novel. When, if ever, would Mike's novel be copyright protected?
A. It does not matter if it is ever copyrighted because Mike may sue in court to enforce his rights whether the novel is registered or not. B. The novel is copyrighted automatically after completion. C. The novel does not receive copyright protection unless it is registered with the U.S. Copyright Office. D. The novel must be published before it can be eligible for copyright protections.
On July 1, 2018, Sanchez Company purchased merchandise inventory for $350,000 by signing a note payable. The note is for 6 months and bears interest at a rate of 8%. Prepare the journal entry for this transaction, using a perpetual inventory system. Omit explanation.
What will be an ideal response?
An example of an individual factor that could impact political behavior in organizations is the ______.
A. culture of the organization B. mission statement of the company C. mission of the department in question D. personality of the manager
Bitonti Corporation has provided the following data for its most recent year of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$9Direct labor$7Variable manufacturing overhead$5Fixed manufacturing overhead per year$156,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$81,000 Units in beginning inventory0Units produced during the year12,000Units sold during the year11,000Units in ending inventory1,000The unit product cost under absorption costing is closest to:
A. $34.00 B. $39.00 C. $21.00 D. $13.00