User Account

All Pages

What is the value of gas sales

Assignment Help Accounting Basics
Reference no: EM132651448

Problem - Assume Dylon Oil & Gas owns 100% of the working interest in the lease. During December 2020, 2,500 Mcf of gas was delivered to Tyler Oil Company. The sales price was $8.00/MMbtu and the state severance tax is 8%. Based on gas analysis the heating content is 1.03 Btu.

What is the value of gas sales?

What is the amount of revenue Dylon Oil & Gas should record?

What amount should Dylon Oil & Gas record for royalties payable based on the Land Lease Agreement?

Reference no: EM132651448

Questions Cloud

Do factors complicate the marketing of the product : Is the buyer also the decider or also the user? Is there an influencer? Do these factors complicate the marketing of this product?
Discuss the tim clue video on debt : Discuss the Tim Clue video on debt. What makes this comedy spot funny? What makes it not funny? What does it highlight about the appropriate uses of debt?
Develop key performance indicators for the staff reporting : Design methods and processes for line managers to develop Key Performance Indicators (KPIs) for the staff reporting to them.
What is the purpose of a monitoring and adjustment plan : What is the purpose of a monitoring and adjustment plan? What metrics will you be monitoring and why?
What is the value of gas sales : What is the value of gas sales? What amount should Dylon Oil & Gas record for royalties payable based on the Land Lease Agreement
What type of leader do you want to be and why : -What type of leader do you want to be and why? please use the Hersey Blanchard styles of leadership to discuss and explain this
Explain the impact of globalization on health : Discuss whether you view the model as conceptually valid and discuss how, if it is valid, it can be assessed. A model is only good if it can be evaluated empiri
Prepare income statement and statement of retained earnings : Prepare the income statement and statement of retained earnings for the year ended July 31, 2018 as well as the balance sheet as of July 31, 2018
Single most salient benefit for each method of teaching : What do you feel is the single most salient benefit for each method of teaching? The most notable disadvantage?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd