WebMay 13, 2024 · On July 1, 2024, Friedman Inc. invested $720,000 in a mine estimated to have 900,000 tons of ore of uniform grade. During the last 6 months of 2024, 100,000 tons of ore were mined. Required: 1) Calculate depletion cost per unit. 2) Prepare the journal to record depletion. See answer Advertisement abiolataiwo2015 Answer: A.$0.8 WebShrewd Endeavors, Inc., invested $70,000 in a business venture with the following cash flow results: MARR is 10%. Determine the external rate of return and whether or not this is a desirable venture. Transcribed Image Text: EOY CF EOY CF 0 -$70,000 11 10,000 1 20,000 12 9,000 19,000 13 8,000 3 18,000 14 7,000 4 17,000 15 6,000 5 16,000 16 5,000 ...
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Web34. On November 1, 20x1, Monsters, Inc. invested ₱575,000 in short-term marketable securities classified as held for trading. The market value of this investment was ₱610,000 at December 31, 20x1 but had slipped to ₱595,000 by December 31, 20x2. In the financial statements prepared on December 31, 20x1, Monster reports: a. the investment at … WebOn January 1, 2024, Storm Inc. Invested P2M cash in a joint venture for 50% interest. For the years ended December 31, 2024, 2024 and 2024, the joint venture reported the following net incomes and dividend distributions: YEAR NET INCOME/ (NET LOSS) DIVIDEND DISTRIBUTION 2024 P1,000,000 P300,000 2024 (P6,000,000) - 2024 P7,000,000 P500,000 1. how many cups of rice for 3 people
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Web2 days ago · A Detroit News analysis of the Meekhof nonprofit's 2024 tax records found the group reaped 12.6% in tax-free investment gains on the value of the funds, suggesting the … WebA. total Worldminus−wide Financial Services, Inc. invested $30,000 to acquire 6,250 shares of Dawn Investments, Inc. on March 15, 2016. This investment represents less than 20 % of the investee's voting stock. On May 7, 2024, World−wide Financial Services, Inc. sells 3,000 shares for $14,250. WebMay 23, 2024 · Here's a look at the complete Berkshire Hathaway portfolio as of the company's first-quarter filing. The Activision Blizzard Inc. ( ATVI) stake is an estimate … how many cups of rice in 1 lb bag