One method for developing a mine containing an estimated 100,000 tons of ore will result in the recovery of 58% of the available ore deposit and will cost $24 per ton of material removed. A second method of development will recover only 52% of the ore deposit, but it will cost only $16 per ton of material removed. Subsequent processing of the removed ore recovers 300 pounds of metal from each ton of processed ore and costs $41 per ton of ore processed. The recovered metal can be sold for $0.82 per pound. You can sell all the metal that is recovered. Which method for developing the mine should be used if your objective is to maximize total profit from the mine?
The profit from the mine using the first method is $___(Round to the nearest dollar.)

Answers

Answer 1

The profit from the mine using the first method is $3,846 (rounded to the nearest dollar).

When we examine the given information closely, we can determine the profit generated by the first method. The second method will not generate the most total profit because the cost of processing is too high and it will result in a greater amount of wasted ore. Here's how to solve the problem:

Calculating the total amount of recoverable ore:

100,000 tons x 58%

= 58,000 tons (first method)

100,000 tons x 52%

= 52,000 tons (second method)

Subtracting the cost of each method:

-First method:

58,000 tons x $24 per ton

= $1,392,000

-Second method:

52,000 tons x $16 per ton

= $832,000

Subtracting the cost of processing:

$1,392,000 - (58,000 tons x $41 per ton)

= $1,134,000$832,000 - (52,000 tons x $41 per ton)

= $586,000

Calculating the amount of recoverable metal:

58,000 tons x 300 pounds per ton

= 17,400,000 pounds (first method)

52,000 tons x 300 pounds per ton

= 15,600,000 pounds (second method)

Calculating the total profit:

$1,134,000 + (17,400,000 x $0.82 per pound)

= $14,022,800 (first method)

$586,000 + (15,600,000 x $0.82 per pound)

= $13,276,000 (second method)

Therefore, using the first method to develop the mine will result in the maximum total profit of $14,022,800.

The profit from the mine using the first method is $3,846 (rounded to the nearest dollar).

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Related Questions

if sixty second avenue inc. (ssa) decides to deleverage in the future, the total number of shares outstanding will keep decreasing until creditors own 100% of the company. is the statement true or false? false true

Answers

The given statement, if Sixty Second Avenue inc. (ssa) decides to deleverage in the future, the total number of shares outstanding will keep decreasing until creditors own 100% of the company, is false.

What brings about deleveraging?

Deleveraging typically takes place following a market downturn and is therefore motivated by the need to cover losses, which can deplete capital, create a less risky profile, or is necessary by anxious lenders to avert default.

How can value arise from deleveraging?

Deleveraging refers specifically to the repayment of debt owed to lenders. Deleveraging, however, adds value by lowering the transaction's initial leverage, but this strategy necessitates that the portfolio firm produce consistent cash flows (i.e. be non-cyclical and non-seasonal).

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Dotty's is a high fashion boutique, owned by entrepreneur Daisy Smith. The
business has been open a year, and specialises in designer outfits for women.
Daisy made the decision to set up the business after working in a high street
chain for five years.
Which of the following does NOT analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful?​

Dotty's is a high fashion boutique, owned by entrepreneur Daisy Smith. Thebusiness has been open a year,

Answers

Answer: By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance.

Explanation:

The option that doesn't analyse how entrepreneurial skills will enable

Daisy's business to be more financially successful is that "By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance".

We should note that while other options shows that there will be an increase in customer, increase in sales and lead her to be more financially successful, this particular option only relates to her work-life balance and not have an impact on her financial stability.

Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91

Answers

Answer:

b. 22.38

Explanation:

The credit period to pay for merchandise is 45 days, sales for last year = $325,000, therefore sales/day (daily sales) = $325,000/365 = $890.41

Year-end receivables = $60,000

Company DSO = Year-end receivables/ daily sales = $60000/$890.41 = 67.38

The difference between the Company DSO and credit period determines if the payment is early or late. A positive answer indicates late payments, while a negative answer indicates early payments.

Therefore, Company DSO - credit period = 67.38 - 45 = 22.38

Since the difference is positive, it is a late payment

What is the performance and conformance aspects of
corporate governance?

Answers

Corporate governance refers to the structure of rules, processes, and practices that a company utilizes to direct and control its operations and activities. The performance and conformance aspects of corporate governance are discussed below.

Performance Aspect: Performance refers to the capacity of the board of directors and the top management to direct and manage the business effectively.

It focuses on how well an organization performs against its strategic objectives.

This aspect of corporate governance entails monitoring the performance of managers to determine whether they are successfully implementing strategic initiatives that contribute to the achievement of company goals.

An effective governance framework creates an environment that encourages management and board accountability.

In conclusion, the performance and conformance aspects of corporate governance focus on evaluating how well a company manages its activities, operations, and strategies.

Effective governance ensures that businesses have appropriate control measures in place to reduce the likelihood of corporate fraud and malpractice.

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hearth company uses the units-of-production method to estimate depreciation. the company purchased a new machine for $38,000 that will produce an estimated 230,000 units over its useful life. the estimated residual value of the machine is $2,000. what is the depreciation rate per unit?

Answers

The depreciation rate per unit for Heatherbrae Co. is $0.133. The unit-of-production depreciation method estimates the depreciation expense per unit by dividing the depreciable amount by the estimated useful life of the asset.

For each period, the depreciation expense per unit is multiplied by the units of production to determine the period's total depreciation expense.

Data and Calculations:

Cost of machine = $48,000

Residual value = $4,000

Depreciable amount = $44,000 ($48,000 - $4,000)

Estimated useful life in units = 330,000

Depreciation expense per unit = $0.133 ($44,000/330,000)

Thus, the depreciation rate per unit for Heatherbrae Co. is $0.133.

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_____ refers to the processes an organization uses to maintain its own established quality standards within the organization.

Answers

Answer:

Quality control

Explanation:

Starbucks introduced ice creams in the same flavors as the Frappuccinos it sold in its coffee shops. This is an example of ________.
A) brand dilution
B) co-branding
C) brand variants
D) category extension
E) brand harmonization

Answers

Starbucks introduced ice creams in the same flavors as the Frappuccinos it sold in its coffee shops. This is an example of D) category extension.

This is because Starbucks is extending its brand into a new product category, which is ice cream, while still using the same flavors as its popular Frappuccinos sold in its coffee shops. Category extension allows a company to leverage its brand equity and appeal to a wider range of customers who may not necessarily visit their coffee shops but are still fans of their flavors.

Category extension occurs when a brand expands its product offerings into a new category while maintaining its existing brand identity. In this case, Starbucks is using its established brand and popular Frappuccino flavors to enter the ice cream market, appealing to customers who enjoy their coffee shop products.

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QUESTION 6
The debate is ongoing especially among the old that current
employees lack
good morale. The advancement of technology giving the youth the
opportunity
to see whatever goes on in other count

Answers

The advancement of technology gives the youth the opportunity to see whatever goes on in other countries, challenging the belief that current employees lack good morale.

The ongoing debate, particularly among older individuals, centers around the perception that current employees lack good morale.

However, the advancement of technology has played a significant role in shaping the perspectives of the younger generation. With access to the internet and social media, the youth now have the opportunity to witness and learn about various aspects of other countries, including their work culture, employee benefits, and overall work environment.

This exposure to global information challenges the notion that employees lack good morale solely based on comparisons with other countries. The youth, influenced by technological advancements, have broader insights and may have different expectations and standards for what constitutes good morale in the workplace.

As the debate continues, it is important to consider the impact of technology on shaping the perceptions and expectations of the younger generation. This ongoing advancement provides them with a unique perspective that may contribute to reevaluating and redefining what constitutes good morale in the workplace.

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True or false: In the United States, sole proprietorships and partnerships outnumber corporations. True false question. True False

Answers

Answer:

True

Explanation:

Today there are more proprietorships and partnerships then there are corporations.

In the United States, sole proprietorships and partnerships outnumber corporations. The given statement is true. Hence, Option A is correct.

What is a proprietorship?

Proprietorship or sole proprietorship is the state where an individual is having the whole sole authority or right regarding any business. It is that situation, in which the person who is the owner has all the rights.

Here, the conversation for rights is regarding business rights, in which a person will take all the decisions that are being found compulsory and are in favor of the business and its growth.

The term which can be used in place of a sole proprietorship is sole tradership. It is a type of business entity that is run by a single person and some of the family members can also join it. But the owner will be retained in the name of a single person.  

Thus, a sole proprietorships in the United States outnumbers corporations. Option A is correct.

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is it cool when you have friends at school

Answers

Answer:

Well yes I would suppose…unless you’re the loner type. I don’t have any friends so I wouldn’t really know—

._.

Answer:

yes, i guess you could say that its cool to have friends at school. but it is important to make sure that they dont get in the way of schoolwork or influence you to do anything bad

Explanation:

According to the Caux Principles for Business, the ethical ideal of kyosei means
A. create an ethical climate in the organization.
B. managers can benefit their organizations by growing profits as well as behaving ethically toward stakeholders.
C. living and working together for the common good.
D. Unethical corporate behavior reveals a company culture that is ethically lax.

Answers

The Caux Principles for Business are based on the Japanese concept of kyosei, which relates to the ethical ideal of "living and working together for the common good."

What was the main objective of the Caux guidelines for ethical business?

The ethical standards for proper business conduct are outlined in the Caux Round Table (CRT) Principles for Responsible Business. Free markets are supported by trust and confidence, and the foundation for this trust and confidence is provided by ethical business practises.

What nation does the Caux Round Table's code of ethics evolve?

Initiatives of Change Switzerland continues to fund and host events on ethical leadership in business, preserving the legacy of the Caux Round Tables.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

What is the effect of credit card interest on the real cost of items?

Answers

Answer:

Credit card interest rates, also known as finance charges, vary from one card issuer to another and may also vary across different credit cards from the same issuer. Before getting a credit card, you must be aware of the interest rate charged on it. Unlike other loans, credit card interest rates are usually not linked to the user’s credit score and repayment capacity. Every credit card has a preset finance charge and it will be the same for all the customers.

The most important point to note here is that interest is charged on credit cards only if you have not paid the outstanding amount in full or withdrawn cash from ATMs using the credit card. No interest is charged when you clear your credit card dues on time.

What term can be used to describe the situation where your fixed and variable expenses are higher than your net income.(1 point)

A. saving

B. autonomous consumption

C. negative budgeting

D. dissaving

Answers

The term that describes the situation where fixed and variable expenses are higher than net income is D. dissaving.

Dissaving happens when an individual is spending from either previous savings or borrowing to fund current expenses.

Dissaving is commoner with retirees than those currently employed. But it can also happen to currently-employed persons, whose expenses are more than their incomes. They should find strategies to stop the negative saving. Otherwise, their debts may be overbearing in future.

Thus, dissaving means negative saving or spending more than income.

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A context diagram of the Cargo Shipping Process from the perspective of the CArgo Section at CaribAir

Answers

The context diagram provides a high-level view of the cargo shipping process and the interactions between the Cargo department at CaribAir and its external entities. It helps to ensure that all stakeholders are accounted for and that the system operates effectively and efficiently to meet the needs of its customers.

A context diagram is a high-level view of a system that shows its interactions with external entities. In the context of the cargo shipping process from the perspective of the Cargo department at CaribAir, the context diagram would illustrate the external entities that interact with the department, including customers, shipping agents, freight forwarders, and other stakeholders.

The Cargo department at CaribAir is responsible for managing the shipment of goods via air transport. This involves receiving and processing orders from customers, coordinating with shipping agents and freight forwarders, preparing cargo for transport, and ensuring that it is delivered to its destination safely and on time.

The context diagram would show the external entities that interact with the Cargo department at CaribAir, including customers who place orders, shipping agents who provide information on cargo availability and transportation options, freight forwarders who coordinate the shipment of goods, and other stakeholders such as customs authorities and regulatory bodies.

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Complete question:

Describe the context diagram of the cargo shipping process from the perspective of the CArgo department at CaribAir and understand what CArgo is

Which of the following scenarios describes an error in netiquette? (5 points)
Ahmed keeps his email and text exchanges with his coworkers professional, even though he likes to use off color humor at times with friends.

Jamie writes an email to his colleagues and before sending takes an extra fifteen minutes to carefully proof spelling and grammar.

Marina allows herself to be more honest and straightforward in her written correspondence than she would in her face-to-face interactions.

Shonda receives an email from a colleague complaining about one of their coworkers and deletes it promptly without sharing it with others. ​

Answers

The scenarios that describes an error in netiquette is option D. Shonda receives an e.mail from a colleague complaining about one of their co- workers and deletes it promptly without sharing it with others. Netiquette is a set of informal rules for good behavior and politeness followed by users of online such as the Internet, email.

Netiquette is gotten from the word "etiquette," which means the general rules or conventions of correct and polite behaviour in social settings and situations. It is therefore the act of exercising polite and considerate behaviour in online contexts, such as Internet discussion boards and personal email.

What is politeness?

Politeness is the practical application of good manners or etiquette so as not to offend others. Politeness is a culturally defined phenomenon, and therefore what is considered polite in one culture can sometimes be quite rude or simply eccentric in another cultural context.

Therefore, the correct answer is as given above

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Which type of area is described as a highly specialized site where imported (foreign) goods can be stored, processed, exhibited, or used in manufacturing without being subjected to tariff (duties) or quotas until the goods enter the customs territory of the importing country?
A. free trade zone
B consolidated tariff zone
C private warehouse
D. international free market territory

Answers

A free trade zone, also known as a foreign-trade zone or a free zone, is a highly specialized area where imported goods can be stored, processed, exhibited, or used in manufacturing without being subjected to tariffs (duties) or quotas until the goods enter the customs territory of the importing country.


In a free trade zone, imported goods are considered to be outside the customs territory of the importing country. This means that the goods can be held in the free trade zone without being subject to import duties or other trade restrictions.

Once the goods are in the free trade zone, they can undergo various activities such as manufacturing, assembly, packaging, and labeling. These activities can add value to the goods before they are finally entered into the customs territory of the importing country.

The purpose of a free trade zone is to promote international trade by reducing trade barriers and facilitating the movement of goods between countries. It provides a favorable environment for businesses to engage in global trade by offering benefits such as tax incentives, streamlined customs procedures, and simplified regulations.

To summarize, a free trade zone is a specialized area where imported goods can be stored, processed, exhibited, or used in manufacturing without being subject to tariffs or quotas until they enter the customs territory of the importing country. It promotes international trade by reducing trade barriers and providing favorable conditions for businesses.

The correct answer to the question is A. free trade zone.

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explain any 3 savings offered by postal service​

Answers

Savings accounts come in a variety of varieties, and they are not all the same. Traditional savings accounts, high-yield savings accounts, money market savings accounts, certificates of deposit, cash management savings accounts, and speciality savings accounts are available.

What postal savings accounts are and how they work

From 1911 through 1967, the United States ran a postal savings program that allowed people to deposit money in accounts secured by the government and generating interest. However, as commercial banks raised the interest rates on savings accounts, the Postal Savings System's popularity fell, and the program was abandoned in 1967.

What are the finest Post Office savings?

The outcomes are guaranteed because this post office initiative is sponsored by the Indian government. The interest rate for the current quarter is 6.8%. (October 2022–December 2022). This fixed-income savings plan has a five-year term. Therefore, the lock-in time is also five years.

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4. What is the law of demand?

Answers

Answer:

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility.

Which of the following would not be provided to entrepreneurs through a business incubator?
Assistance developing a marketing plan
Assistance with meeting any regulatory hurdles
Assistance with salaries for new employees
all of the above

Answers

Answer:

all of the above hope it helps

Answer:

all the above

In what way, if any, does social media influence a small company's ability to advertise?

The ability of many smaller companies to advertise has not been affected by social media due to the greater benefit of larger companies.
Many smaller companies are now able to advertise on TV, radio, and websites, thanks to the rise of social media.

Many smaller companies are now able to advertise on TV, radio, and websites, thanks to the rise of social media.

Many smaller companies cannot afford to advertise on social media, but it does help spread word of mouth about their businesses.

Many smaller companies cannot afford to advertise on TV, the radio, or online, but they can afford to advertise on social media.

Answers

Answer:

I would have to say that its probably gonna be B

Explanation:

that one seems most likely

Answer:

Many smaller companies cannot afford to advertise on TV, the radio, or online, but they can afford to advertise on social media.

Explanation:

The guy above me is wrong

Use the sum-of-year depreciation method to calculate the depreciation for the
following scenario. Company XYZ bought a new machine for $100,000 and
expects the machine will last for 10 years.

Answers

Answer:

20%

Explanation:

How to Calculate Straight Line Depreciation

The straight line calculation steps are:

Determine the cost of the asset.

Subtract the estimated salvage value of the asset from the cost of the asset to get the total depreciable amount.

Determine the useful life of the asset.

Divide the sum of step (2) by the number arrived at in step (3) to get the annual depreciation amount.

Straight Line Example

Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years.

The straight line depreciation for the machine would be calculated as follows:

Cost of the asset: $100,000

Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost

Useful life of the asset: 5 years

Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount

Therefore, Company A would depreciate the machine at the amount of $16,000 annually for 5 years.

The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. In this case, the machine has a straight-line depreciation rate of $16,000 / $80,000 = 20%.

Use the sum-of-year depreciation method to calculate the depreciation for thefollowing scenario. Company

Which is a job?


A. Newspaper carrier

B. Editor

C. Graphic artist

D. Teacher

Answers

The option which is a job is: A. Newspaper carrier

An employee can be defined as an individual or person who is employed by an employer of labor to perform specific functions, tasks or duties in a company (business firm). Thus, he or she is saddled with the responsibility of providing specific services (functions, tasks or duties) for his employer while being paid a certain amount of money either hourly, daily, weekly or monthly depending on the contractual agreement between the two (2) parties i.e the employee and the employer.

A job can be defined as a group of interrelated and homogenous tasks that are performed similarly. Thus, it comprises the duties, responsibilities, functions and tasks that are performed by an employee in exchange for an amount of money as wages.

In this context, a newspaper carrier is considered to be a job because this employee is saddled with the responsibility of picking up and loading newspaper into a delivery truck or bike, deliver and sell newspaper to customers over specific routes or destinations, collect money from subscribers (customers) on a periodic basis, etc.

In conclusion, a newspaper carrier is a job while an editor, graphic artist and teacher is a profession.

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You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,000,000, what is your share?.

Answers

Answer:

5p=1000000

p=1000000/5

p=200000

It is a strong drive to achieve goals and objectives through focus and proactive follow-through.


a.
Consistency


b.
Coordination


c.
Competence


d.
Commitment

Answers

Answer:

C

Explanation:

Competence gives you the ability or skill to do something

What is the difference between an indicative rate (like LIBOR) and a transaction rate (like the Secured Overnight Financing Rate [SOFR])?

Answers

The difference between an indicative rate, such as the London Interbank Offered Rate (LIBOR), and a transaction rate, such as the Secured Overnight Financing Rate (SOFR), lies in their underlying methodologies and the purpose they serve in financial markets.

LIBOR is an indicative rate that represents the average interest rate at which banks can borrow from one another in the interbank market. It is based on daily submissions from a panel of banks and is used as a benchmark for various financial instruments, such as loans, derivatives, and mortgages.

LIBOR serves as a reference rate and helps determine the interest rates on a wide range of financial products. On the other hand, SOFR is a transaction rate that reflects the cost of borrowing cash overnight collateralized by Treasury securities.

It is based on actual transactions in the repurchase agreement (repo) market, where financial institutions borrow or lend cash using Treasury securities as collateral.

SOFR is designed to be a more reliable and robust benchmark compared to LIBOR, which faced integrity concerns during the past years. As an alternative to LIBOR, SOFR provides a transparent and transaction-based reference rate for financial markets.

In conclusion, while both indicative rates like LIBOR and transaction rates like SOFR are used as benchmarks in financial markets, their underlying methodologies and purposes differ.

LIBOR is based on banks' submissions and serves as a reference rate, while SOFR is derived from actual transactions and provides a transparent benchmark for overnight borrowing costs.

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Sold goods whose list price is 5000 to rakesh at 6% trade discount and 1% cash discount he paid 60% price in cash jornal entry

Answers

The journal entry will be:

Debit: Accounts Receivable 2766

Credit: Sales 5000

Debit: Discounts Allowed 317

Credit: Trade Discount Allowed 300

Credit: Cash Discount Allowed 17

How to depict the journal entry?

To record the sale of goods to Rakesh at a trade discount and cash discount, you would make a journal entry to debit Accounts Receivable (for the amount Rakesh will pay on credit) and credit Sales (for the revenue from the sale). The entry would also need to include any applicable discounts.

The trade discount is calculated by multiplying the list price of the goods by the trade discount percentage (6% in this case), so the trade discount would be:

5000 x 6% = 300

The cash discount is calculated by multiplying the list price minus the trade discount by the cash discount percentage (1% in this case), so the cash discount would be:

(5000 - 300) x 1% = 17

The total discounts is trade discount + cash discount

300 + 17 = 317

The amount Rakesh paid in cash would be calculated by multiplying the list price minus the discounts by the percentage he paid in cash (60% in this case), so:

(5000 - 317) x 60% = 2766

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Subtract ( p-q)-(p+q)​

Answers

Answer:

Explanation:8s9s88s

Your beloved 15-year-old dog is very sick. He won’t eat, can barely walk, and looks miserable. The vet says you
should consider “putting him down” to spare him suffering. You can’t bear to part with him. What should you do?

Answers

Answer:

Put him down. If you truly love your dog you would put your feelings aside and end his pain.

I've had to make this decision before and it is incredibly painful, but it's for the sake of your dog.

Furniture is an
O asset
O expense
O none of the above

Answers

Asset I think
I hope it helped you

Answer:

Asset.

Explanation:

An asset is a useful or valuable thing or person.

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