A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The salvage value of the land is expected to be $250,000. The depletion expense per ton of ore is:

Answers

Answer 1

Answer:

Depletion expense per ton = $0.625

Explanation:

Given:

Total cost = $1,500,000

Total ore = 2,000,000 tons

Salvage value = $250,000

Find:

Depletion expense per ton

Computation:

Depletion expense per ton = [Total cost - Salvage value] / Total ore

Depletion expense per ton = [$1,500,000 - $250,000] / 2,000,000

Depletion expense per ton = $0.625


Related Questions

Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $73 for Office Supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1, the accountant determines that the fund should be increased by $50. The journal entry to record the establishment of the fund on September 1 is: Group of answer choices Debit Miscellaneous Expense $250; credit Cash $250. Debit Petty Cash $250; credit Accounts Payable $250. Debit Cash $250; credit Accounts Payable $250. Debit Petty Cash $250; credit Cash $250. Debit Cash $250; credit Petty Cash $250.

Answers

Answer:

Debit Petty Cash $250; credit Cash $250

Explanation:

Based on the information given we were told that the Company establishes the amount of $250 as a petty cash fund on September 1 which means that The journal entry to record the establishment of the fund on September 1 is:

Debit Petty Cash $250

Credit Cash $250

Use the following accounts and information to prepare, in good form, a multiple step income statement, retained earnings statement, and classified balance sheet for Mitchell Enterprises for the year ended December 31, 2019. The company has 37,000 shares of its $5 par value common stock issued and outstanding all during the year. Mitchell Enterprises Adjusted Trial Balance December 31, 2019

Answers

Answer:

The information for adjusted trial balance of Mitchell Enterprises is missing.

The 37,000 shares at $5 par value will be reported in Balance Sheet at the Equity and Liabilities side under Equity head.

Shares will be reported as:

Common Stock  37,000 * $5 = $185,000

The rest of the data from Trial Balance will be reported in Balance Sheet and Income Statement.

Explanation:

The information for adjusted trial balance of Mitchell Enterprises is missing.

The 37,000 shares at $5 par value will be reported in Balance Sheet at the Equity and Liabilities side under Equity head.

Shares will be reported as:

Common Stock  37,000 * $5 = $185,000

The rest of the data from Trial Balance will be reported in Balance Sheet and Income Statement.

Real per capita gross domestic product (GDP) is higher in the United States than in Bangladesh. Based on that, we could predict the United States to have a higher rate of ________ and a lower rate of ________.

Answers

Answer:

b. adult literacy; infant mortality

Explanation:

Multiple choice "life expectancy; internet usage ; adult literacy; infant mortality ; infant mortality; adult literacy ; access to clean water; life expectancy"

Higher real GDP per capita would imply higher literacy rate and at the same time lower infant mortality as citizens would invest more in health and education. All the other options are wrong as higher real GDP per capita cannot lead to lower life expectancy or literacy rate.

Diane's Designs has two classes of stock authorized: 8%, $10 par preferred and $1 par value common. The following transactions affect stockholders' equity during 2015, its first year of operations:January 1 Issue 200,000 shares of common stock for $15 per share.February 6 Issue 1,000 shares of preferred stock for $11 per share.October 10 Repurchase 10,000 shares of its own common stock for $18 per share.November 12 Reissue 5,000 shares of treasury stock at $20 per share.Record each of these transactions. (Omit the "$" sign in your response.)

Answers

Answer:

Date       Account title and Explanation           Debit              Credit

Jan-01    Cash (200,000*$15)                  3,000,000  

                       Common stock (200,000*$1)          200,000

                        Paid in capital in excess of par -                2,800,000

                        Common stock

               (To record issue of 200,000 shares for $15)  

Feb-06     Cash (1,000*$11)                              11,000  

                        Preferred stock (1,000*$10)                            10,000

                        Paid in capital in excess of par                      1,000

                       - Preferred stock              

                 (To record issue of 1,000 shares for $11)  

Oct-10       Treasury stock (10,000*$18)         180,000

                         Cash                                                               180,000

                 (To record repurchase of 10,000 shares for $18)

Nov-12        Cash (5,000*$20)                        100,000

                          Treasury stock (5,000*$18)                          90,000

                           Paid in capital in excess of par                    10,000

                           - Treasury stock

                  (To record reissue of 5,000 treasury stock for $20)

You are considering a project which has been assigned a discount rate of 5 percent. If you start the project today, you will incur an initial cost of $4,100 and will receive cash inflows of $2,900 a year for 2 years. If you wait one year to start the project, the initial cost will rise to $4,320 and the cash flows will increase to $3,257 a year for 2 years. What is the value of the option to wait

Answers

Answer:

$361.14

Explanation:

start the project today:

initial outlay = -$4,100

cash flow year 1 = $2,900

cash flow year 2 = $2,900

NPV = -$4,100 + $5,392.29 = $1,292.29

if you start the project in one year:

initial outlay year 1 = -$4,320

cash flow year 2 = $3,257

cash flow year 3 = $3,257

NPV year 1 = -$4,320 + $6,056.10 = $1,736.10

value of option to wait = ($1,736.10 / 1.05) - $1,292.29 = $361.14

The Lechwe Company's December 31 pre-reconciliation cash balance on its books was $93,000. As of December 31, outstanding checks total $45,200 and deposits in transit total $30,600. Assuming there are no other reconciling items, what was the December 31 cash balance on Lechwe's bank statement

Answers

Answer:

$107,600

Explanation:

The cash balance on Lechwe' bank would be calculated as;

Cash balance = Corrected cash book balance + Outstanding cheques - Deposit in transit

Given that;

Corrected cash book balance = $93,000

Outstanding cheques = $45,200

Deposit in transit = $30,600

= $93,000 + $45,200 - $30,600

= $107,600

Therefore, the December 31 cash balance on Lechwe's bank statement is $107,600

An advertising campaign is:
O A. a set of games customers can play to see whether or not they like
a product.
O B. a mass media device used to make advertisements more
interactive.
OC. a method of finding the best customers by determining their race
and age.
OD. a series of targeted activities aimed to make customers aware of
a product.

Answers

Answer:

D. a series of targeted activities aimed to make customers aware of

a product.

Explanation:

Advertising is the use of media to communicate messages that create awareness of a particular product or service. It is the relaying of persuasive information to a targeted audience with the expectation of increasing the sales of a product.

An advertising campaign will involve a series of events and messages to convince the targeted audience to buy the advertised product. The campaign communicates the benefits of the advertised product and gives reasons why customers should consume it. An advertising campaign is not a single event but a series of marketing activities that could last for days, weeks, or even months.  

Gore Inc. sells office furniture. In 2021, it sold 200 desks for $500 each. For each desk sold, Gore distributed a 50% discount coupon for purchase of an office chair within one month. Based on historical experience, Gore expects that approximately 20% of the coupons will be utilized. The chairs purchased with the coupons are priced at $150 and normally discounted 10%. What would be the stand-alone sales price used by Gore for the coupon when allocating the $500 transaction price to performance obligations

Answers

Answer:

$12

Explanation:

Stand alone sale price = (Cost of chair) * (Discount % of voucher-Normal% of discount) * (% of coupons to be utilized)

Stand alone sale price = $150 * (50%-10%) * 20%

Stand alone sale price = $150 * 40% * 20%

Stand alone sale price = $12

Therefore, the Stand alone selling price used by Gore Inc. is $12

23) The creation of a successful new product depends on a company's understanding of its ________ and its ability to deliver ________ to customers. A) customers, competitors, and markets; superior value B) product, marketing mix, and marketing strategy; functional features C) product life cycle, legal responsibilities, and social responsibilities; innovations D) customers, brands, products; product images E) competitors, distributors, and employees; new styles

Answers

Answer:

A) A) customers, competitors, and markets; superior value

Explanation:

For a company to create a successful product, First, this company must create a great product that has a clear, well defined also large consumer market where the product that is being created offers a solution to existing consumer issues as well as having the ability to outperform it's competitors. This can be achievable through offering a product that has superior value.

Secondly, this new product has to be properly defined across the final consumer, technology and business before the company starts execution.

The amount of principal that is paid at December 31,Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on January 1, 2019. Alden financed $37,908,000, and the note agreement will require $10 million in annual payments starting on December 31, 2019 and continuing for a total of four more years (final payment December 31, 2023). Kenworthy will charge Alden Trucking Company the market interest rate of 10% compounded annually. 2019 is:

Answers

Answer:

$3,169,880

Explanation:

Calculation for How much is 2020 interest Expenses

First step is to calculate December 31, 2019 note payable liability

Using this formula

December 31, 2019 note payable liability = Initial debt + 2019 interest expense - First annual payment

Let plug in the formula

December 31, 2019 note payable liability = $37,908,000+ ($37,908,000 ×10%) - ($10,000,000)

December 31, 2019 note payable liability=$37,908,000+$3,790,800-$10,000,000

December 31, 2019 note payable liability=$31,698,800

Now let calculate 2020 interest expense

2020 interest expense = January 1, 2020 book value $31,698,800 ×10%

2020 interest expense =$3,169,880

Therefore 2020 interest Expenses will be $3,169,880

Thomas Longbow is the only employee of Presido, Inc. During the first week of January, Longbow earned $3,000.00 and had federal and state income tax withholdings of $150.00 and $56.25, respectively. FICA taxes are 7.65% on earnings up to $117,000. State and federal unemployment taxes for the period are $187.50 and $30.00, respectively. What is Presido's payroll tax expense for the week

Answers

Answer:

$447

Explanation:

Calculation for What is Presido's payroll tax expense for the week

Using this formula

Payroll tax expense = Employer's FICA match + Federal unemployment tax + State unemployment tax

Let plug in the formula

Payroll tax expense = ($3,000 ×0.0765)

+$187.50 + $30.00

Payroll tax expense= $447

Therefore Presido's payroll tax expense for the week will be $447

Using the information from the table below, answer the following questions.

Production ⇔ Total cost
0 ⇔ 80
1 ⇔ 140
2 ⇔ 180
3 ⇔ 200
4 ⇔ 240
5 ⇔ 320
6 ⇔ 420
7 ⇔ 540
8 ⇔ 680

a. Total average costs for the production of 4 products.
b. Marginal cost for the production of the 6th product.
c. If its price is 100$, find the maximum profit for a perfectly competitive firm (MR=MC).

Answers

Answer:

this is the only thing i remember till now and im gonna use . for + okay

a. 80.140.180.200.240.320.420.540.680 ÷ 1.2.3.4.5.6.7.8

Accents Associates sells only one product, with a current selling price of $150 per unit. Variable costs are 30% of this selling price, and fixed costs are $19,600 per month. Management has decided to reduce the selling price to $145 per unit in an effort to increase sales. Assume that the cost of the product and fixed operating expenses are not changed by this reduction in selling price. At the current selling price of $150 per unit, the dollar volume of sales per month necessary for Accents to break-even is:

Answers

Answer:

$65,333

Explanation:

As we know,

Sales price = Variable cost + Contribution cost

Sales price = Variable cost ratio + Contribution margin ratio

100% = 30% + Contribution

Contribution = 100% - 30%

Contribution = 70%

Fixed cost = $19,600

Break even sales = Fixed cost / Contribution margin ratio

Break even sales = $19,600 / 30%

Break even sales = $19,600 / 0.3

Break even sales = $65,333.

Bryson Corporation purchased a limited-life intangible asset for $1,162,500 on May 1, 2018. It has a remaining useful life of 15 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020 (if necessary, round your answer to the nearest dollar)

Answers

Answer:

$206,667

Explanation:

Calculation for What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020

Using this formula

Total Amortization expense=Cost/useful life*Number of months

Let plug in the formula

Total Amortization expense=$1,162,500/180*32

Total Amortization expense=$206,667

Note that 15 years*12months will give us 180 months which is the useful life while May 1, 2018 - December 31, 2020) will give us 32 months

Therefore the total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020 will be $206,667

For a real interest rate of 12% per year and an inflation rate of 7% per year, the market interest rate per year is closest to:______

a. 4.7%
b. 7%
c. 12%
d. 19.8%

Answers

Answer: 19.8%

Explanation:

Interest rate = 12%

Inflation rate = 7%

Market Interest rate will be:

= 12% + 7% + 12%(7%)

= 0.12 + 0.07 + 0.12(0.07)

= 0.12 + 0.07 + 0.0084

= 0.1984

= 19.84%

Therefore, the market interest rate per year is closest to 19.8%

Six-month call options with strike prices of $35 and $40 cost $6 and $4, respectively. What is the maximum gain when a bull spread is created by trading a total of 200 options

Answers

Answer:

$300

Explanation:

Calculation for What is the maximum gain when a bull spread is created by trading a total of 200 options

First step is to calculate the cost amount

Cost =6×100−4×100

Cost=$200

Second step maximum payoff of a stock price that is greater than $40 will be $500

Hence,

Maximum gain=$ 500 −$200

Maximum gain = $300

Therefore the maximum gain when a bull spread is created by trading a total of 200 options will be $300

Burkhardt Corp. pays a constant $13.30 dividend on its stock. The company will maintain this dividend for the next 7 years and will then cease paying dividends forever. If the required return on this stock is 10 percent, what is the current share price?

Answers

Answer: $64.75

Explanation:

Dividend= $13.30

Duration = 7 years

Required return = 10%

Current share price will be:

= (13.3/1.1) + (13.3/1.1^2) + (13.3/1.1^3) + (13.3/1.1^4) + (13.3/1.1^5) + (13.3/1.1^6) + (13.3/1.1^7)

= 12.09 + 10.99 + 9.99 + 9.08 + 8.26 + 7.51 + 6.83

= 64.75

Therefore, the current share price is $64.75

Pharoah Company started the year with total assets of $304000 and total liabilities of $244000. During the year the business recorded $633000 in revenues, $326000 in expenses, and dividends of $62000. The net income reported by Pharoah Company for the year was

Answers

Answer:

Net Income = $307,000

Explanation:

Given:

Total revenue = $633,000

Total expenses = $326,000

Find:

Net income

Computation:

Net Income = Total revenue - Total expenses

Net Income = $633,000 - $326,000

Net Income = $307,000

Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows. KENDRA, COGLEY, AND MEI Balance Sheet May 31 Assets Liabilities and Equity Cash $ 99,600 Accounts payable $ 255,500 Inventory 539,400 Kendra, Capital 76,700 Cogley, Capital 172,575 Mei, Capital 134,225 Total assets $ 639,000 Total liabilities and equity $ 639,000 Required: For each of the following scenarios, complete the schedule allocating the gain or loss on the sale of inventory. Prepare journal entries to record the below transactions. (Do not round intermediate calculations. Amounts to be deducted or Losses should be entered with a minus sign. Round your final answers to the nearest whole dollar.) (1) Inventory is sold for $612,000. (2) Inventory is sold for $462,600. (3) Inventory is sold for $336,000 and any partners with capital deficits pay in the amount of their deficits. (4) Inventory is sold for $300,000 and the partners have no assets other than those invested in the partnership.

Answers

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Machinery acquired new on January 1 at a cost of $80,000 was estimated to have a useful life of 10 years and a residual salvage value of $20,000. Straight-line depreciation was used. On January 1, following six full years of use of the machinery, management decided that the estimate of useful life had been too long and that the machinery would have to be retired after three years, that is, at the end of the ninth year of service. Under this revised estimate, the depreciation expense for the seventh year of use would be:

Answers

Answer:

$8,000

Explanation:

Calculation for what the depreciation expense for the seventh year of use would be

First step is to calculate the Book value at the end of Year 6

Machinery cost $80,000

Less: Salvage value ($20,000)

Depreciable cost $60,000

($80,000-$20,000)

Divide by useful life 10 years

Annual Depreciation $6,000

($60,000÷10 years)

Accumulated Depreciation for 6 years $36,000

($6,000*6 years)

Book value at the end of Year 6 $44,000 ($80,000-$36,000)

Now let calculate the Depreciation expense for the seventh year of use

Book value at the end of Year 6 $44,000

Less: Salvage value ($20,000)

Remaining Depreciable cost $24,000

($44,000-$24,000)

Divide by Remaining useful life 3 years

Depreciation expense for the seventh year of use $8,000

($24,000/3 years)

Therefore Under this revised estimate, the depreciation expense for the seventh year of use would be: $8,000

BDE Inc. is an unlevered firm which expects to generate a net cash flow of $25 million per year in perpetuity. The firm’s required return on equity is 10%. Assume that the Modigliani and Miller assumptions hold. (15 points) For questions 27 and 28 assume that the corporate tax rate is zero. 27. What is the value of the unlevered firm?

Answers

Answer:

$250 million

Explanation:

If taxes do not exist and the firm has no outstanding debt, then the value of unlevered firm = total enterprise value of BDE

we can use the perpetuity formula to determine the total enterprise value:

total enterprise value = FCF / cost of equity

total enterprise value = $25 million / 10% = $250 million

You want to construct a portfolio containing equal amounts of U.S. Treasury bills, stock A, and stock B. If the beta of the stock A is 1.46 and the beta of the portfolio is 0.93, what does the beta of stock B have to be

Answers

Answer:

beta of stock B = 1.33

Explanation:

the beta of treasury bills is 0

the beta of stock A = 1.46

the beta of stock B = ?

the portfolio contains equal amounts of each investment and its overall beta is 0.93

0.93 = (0 x 1/3) + (1.46 x 1/3) + (B x 1/3)

0.93 = 0 + 0.4867 + 0.333B

0.93 = 0.4867 + 0.333B

0.4433 = 0.333B

B = 0.4433 / 0.333 = 1.33

Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $356,000; the partnership assumes responsibility for a $128,000 note secured by a mortgage on the property. Monroe invests $103,000 in cash and equipment that has a market value of $78,000. For the partnership, the amounts recorded for the building and for Fontaine's Capital account are:_______.
a. Building $356,000; Fontaine, Capital $309,000.
b. Building $356,000; Fontaine, Capital $356,000.
c. Building $228,000; Fontaine, Capital $128,000.
d. Building $228,000; Fontaine, Capital $228,000.
e. Building $356,000; Fontaine, Capital $228,000.

Answers

Answer: e. Building $356,000; Fontaine, Capital $228,000.

Explanation:

The company would record the building which Fontaine brought in at its Market value which is $356,000.

However, because the partnership assumes responsibility for a $128,000 note secured by a mortgage on the property, this cannot be counted as a capital contribution from Fontaine so this will be removed from their capital contribution;

= 356,000 - 128,000

= $228,000

Rivian is considering an trucking assembly. The R1T assembly has an expected life of 5 years, will cost $95 million, and will produce net cash flows of $37 million per year. Inflation in operating costs and battery costs is expected to be zero, and the company's cost of capital is 10%. What is the equivalent annual annuity?

Answers

Answer:

Rivian

The equivalent annual annuity is:

$28,053,400.

Explanation:

a) Data and Calculations:

R1T assembly investment cost = $95,000,000

Net cash flows = $37,000,000 per year

Cost of capital = 10%

Period of investment and annuity = 5 years

Annuity factor = 3.791

Present value of annuity = (3.791 * $37,000,000)/5

= 140,267,000/5

= $28,053,400

b) The net cash flows of $37 million per year will produce an annuity value of $28,053,400.  In comparison with the investment cost in the R1T assembly, the present value of the annuity is reasonable.

Eternal City operates several theme parks throughout the western United States and uses 30,000 gallons of machine oil on an annual basis. The parks operate 50 weeks per year and are considering 2 suppliers of oil, Sharps LTD and Winkler LLC. Sharps Price per unit is $4.00 and Winkler is $3.80. Sharps annual holding cost is $0.80 per unit and Winkler is $0.76. Sharps lead time is 4 weeks, Winkler is 6 weeks. Sharps admin costs are $4,000 and Winkler is $5,000 Annual Freight Costs Supplier 5,000 10,000 15,000 Sharps $5,000 $2,600 $2,000 Winkler $5,500 $3,200 $2,900 What are total annual costs given a shipment quantity of 5,000 gallons from Sharps? a. $139,230 b. $261,220 c. $456,000 d. $132,920 e. $139,220

Answers

Answer:

$132,920

Explanation:

Annual demand D = 30,000

Order quantity Q = 5,000

Annual holding cost per unit H = $0.80

Annual holding cost = (Q/2)*H

Annual holding cost = (5,000/2)*$0.80

Annual holding cost = 2,500 * $0.80

Annual holding cost = $2,000

Annual shipping cost = $5,000

Unit cost = $4.00

Annual admin cost = $4,000

Lead time cost = (Lead Time*H*D)/Weeks per year

Lead time cost = 4*$0.80*30,000/ 50

Lead time cost = $1,920

Cost of product = Unit cost * D

Cost of product = $4 * 30,000

Cost of product = $120,000

Total cost = Total order cost + Holding cost + Admins cost + Cost of product + LT cost

Total cost = $5,000 + $2,000 + $4,000 + $120,000 + $1,920

Total cost = $132,920

Thus, the total annual costs given a shipment quantity of 5,000 gallons from Sharps is $132,920

The processes individuals use when making a purchase decision are called _____. This is also the reason individuals recognize and respond to the distinctive lettering used on Coca-Cola cans, the shape of the Nike swoosh, and the color of a can of Campbell soup. Group of answer choices consumer behavior

Answers

Answer:

Consumer behavior

Explanation:

Consumer behavior is the study related to the individuals and the organization with respect to the choosing, and using of products and services. It mainly deals in the motivation, behavior, and the psychology. The consumer behavior should be known at the time of shopping

So the process that use by the individuals at the time of making a purchase decision is known as the consumer behavior

Hence, the same is to be conisdered

Bonita Clinic purchases land for $175900 cash. The clinic assumes $1700 in property taxes due on the land. The title and attorney fees totaled $900. The clinic has the land graded for $2000. What amount does Bonita Clinic record as the cost for the land

Answers

Answer:

$188,600

Explanation:

Cost for the land = Purchases Cost + Taxes + Attorney fee + Land graded cost

Cost for the land = 175,900 + 1,700 + 9000 + 2,000

Cost for the land = $188,600

So, the amount Bonita Clinic will record as the cost for the land is $188,600

Impa Inc. applies overhead based upon machine hours. At the beginning of 2018, Impa estimated overhead to be $400,000, machine hours to be 25,000, and direct labor hours to be 40,000. During April, Impa has 3,000 direct labor hours and 4,500 machine hours. What is the amount of overhead applied for April?

Answers

Solution :

It is given that,

Impa Inc. estimated an overhead of $ 400,00 machine hours to be 25,000 and that of direct labor hours of 40,000.

During the month of April, Impa Inc. has a 3000 direct labor hours as well as 4500 machine hours.

Therefore, the overhead applied for the month of April is

[tex]$\frac{400,000}{25,000} $[/tex]  machine hours = $ 16 per machine hour

The actual machine hours in April = 4500 machine hours

Therefore the overhead applied = 4500 x 16

                                                      = $ 72,000

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses.

Answers

Answer and Explanation:

The preparation of the cash flow statement is presented below:

Forten Company

Statement of Cash Flows

For Current Year Ended December 31

Cash flows from operating activities  

Net Income $110,575  

Adjustments made

Depreciation expense $31,750  

Less: Increase in Accounts receivable -$20,755  

Less: Increase in Inventory -$29,356  

Add: Decrease in Prepaid expense  $795  

Less: Decrease in Accounts payable -$67,034  

Add: Loss on disposal of equipment $16,125  

Net cash provided by operating activities $42,100

Cash flows from investing activities  

Less: Cash paid for equipment -$52,000  

Add: Cash received from sale of equipment $22,625  

Net cash used in investing activities -$29,375

Cash flows from financing activities:  

Cash borrowed on short-term note $5,100  

Less: Cash paid on long-term note -$55,625  

Add: Cash received from issuing stock $72,000  

Less: Cash paid for dividends   -$52,300  

Net cash used in financing activities -$30,825

Net increase (decrease) in cash  -$18,100

Add: Cash balance at beginning of year $84,500

Cash balance at end of year   $66,400

Which sentence best describes the irony in the passage?

It is ironic that Jim and Della will not be able to use their presents until the future.
It is ironic that Jim cannot use Della’s present because he sold his watch to get her present.
It is ironic that Jim wanted his present so badly but no longer wants it.

Answers

The second answer is the correct answer in this case. I hope this helps!!

The sentence which best describe the irony in the passage is

that Jim cannot use Della’s present because he sold his watch to get her present.

That is best describe in the passage as they both have shown their immense feeling of emotions towards each other.

To know more about Irony, click here

https://brainly.com/question/1695719

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What number is the opposite of -(-15)? What project did Mary Jackson work on at NACA soon after she was hired?A. landing astronauts on the moon and returning them safely to EarthB. building aircraft capable of breaking the sound barrierC. designing planes that could fly at more than five times the speed of soundD. creating rockets that could put astronauts into a low orbit around Earth In the diagram below of triangle ABC, DE is parallel to AC. IF AD = 20, DB = 10 and AC = 33, find DE. Read the excerpt from "The Most Dangerous Game." The dining room to which Ivan conducted him was in many ways remarkable. There was a medieval magnificence about it; it suggested a baronial hall of feudal times with its oaken panels, its high ceiling, its vast refectory table where twoscore men could sit down to eat. About the hall were mounted heads of many animalslions, tigers, elephants, moose, bears; larger or more perfect specimens Rainsford had never seen. At the great table the general was sitting, alone. The narrative point of view in this excerpt allows the reader to experience Rainsfords feelings as he enters the room. Rainsfords feelings about his host. Rainsfords impression of the dining room. Rainsfords impression of the island. An increase in the price of Ford trucks will likely cause _______because the products arein the demand for Chevy trucks because the products are ______O A increase; complementsO B. decrease; substitutesC. decrease; complementsD. increase; substitutes the Constitution of theIn 1788, members of the Constitutional Convention met toUnited States, thus making it the law of the land.(10 Points)O proposeratityO executewrite what is the solution to 9+4n -79 Which of the followin statements are true about the equation 10x + 45x - 13 = 11(5x + 6) * Physical activity can be defined asa. muscular movement of the body that requires energy to produce.b. any condition that elevates the heart rate.c. aerobic exercise.d. strength training. Which of the following pH numbers indicates a strong alkali?a. 1b. 5c. 7d.) 14 Leila bought 3 bananas, which weighed a total of Three-fourths of a pound. If each banana weighed the same amount, what is the weight of each banana? StartFraction 1 Over 12 EndFraction of a pound StartFraction 1 Over 9 EndFraction of a pound One-fourth of a pound One-third of a pound how many bottles are on the wall when I have.50 bottles and drank them all you are standing on the middle rung of a ladder.if you first climb up 3 rung then down 5 rung and then up 10 rung to get onto the top rung how many rung are on the ladder I need help please I have to finish this What should be done to both sides of the equation in order to solve y + 8.5 = 17.2?Add 8.5.Subtract 17.2.O Add 17.2.Subtract 8.5. The first English settlement in the eastern United States was named: _________________. *A.New OrleansB.New YorkC.BostonDJamestown Which of the following is a part of the Qin Dynasty because it represents power and projects during that time period?A) The terracotta army B) the great pyramid of GizaC) the invention of the wheeled cartD) the creation of the Buddhist religion Which bond of ATP will be broken to form ADP and release energy for use in the cell? connections between plant cells which allow the cytosol to pass through them. find the real or imaginary solutions of 125x^3 - 27 = 0