FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The correct answer should be 65.7 but I got 64.4. Question 6 0/2 points What is the minimum iron ore price required for 70% concentrate

image text in transcribedThe correct answer should be 65.7 but I got 64.4.

Question 6 0/2 points What is the minimum iron ore price required for 70% concentrate to achieve a 15% rate of return on capital given the following facts: CAPEX of mine $100 million Annual production of mine 2.5 million tonnes Annual operating costs of $40 per tonne of production Express your answer in cents per dmtu to the nearest tenth of a cent. Answer: 64.4 x (65.7)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cases In Healthcare Finance

Cases In Healthcare Finance

Authors: Louis C. Gapenski

3rd Edition

1567932444, 9781567932447

More Books

Students also viewed these Finance questions

Question

★★★★★
Match the graph of each function in (a)-(d) with the graph of its derivative in I-IV. Give reasons for your choices. (a) (b) (c) (d) I II III IV %24 y.

Answered: 1 week ago

Question

★★★★★
Show all work. For the function y = cos[ x + pi/4] A. Graph at least one period of the function. B. Find the amplitude, period, and phase shift. C. Find two exact points on the graph of the function,...

Answered: 1 week ago

Question

★★★★★
What conclusions do you draw from this about the viability of Cereal Partners approach?

Answered: 1 week ago

Question

★★★★★
SkiCo, Inc., manufactures ski boots. The companys projected income for the coming year, based on sales of 160,000 units, is as follows: Required: In completing the following requirements, ignore...

Answered: 1 week ago

Question

★★★★★
The correct answer should be 65.7 but I got 64.4. Question 6 0/2 points What is the minimum iron ore price required for 70% concentrate to achieve a 15% rate of return on capital given the following...

Answered: 1 week ago

Question

★★★★★
(1) Let f1 f2: R \\ {0} > R be two functions and L1, L2 be two real numbers such that f1(33 ) > L1 and f2(3:) O> L2. Using only epsilons and deltas, and Without using (13) any Limit Rules, prove that...

Answered: 1 week ago

Question

★★★★★
3 4 5 6 7 In the World of Corporate Financial Analysis, one key concept that financial analyst need to develop and update at the end of every month when closing the book for the company is "Cost...

Answered: 1 week ago

Question

★★★★★
A group of researchers is interested in the effects of bullying throughout elementary school. They study first through sixth graders on the playground and note how many times each child is bullied by...

Answered: 1 week ago

Question

★★★★★
Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

Answered: 1 week ago

Question

★★★★★
Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the...

Answered: 1 week ago

Question

★★★★★
Account of: Ted Johnson (TJ02) - 2 Second Street, Byron Bay TRUST ACCOUNT LEDGER YOUR HOME REAL ESTATE PTY LTD Date (DD/MM/YYYY Description of matter (Type and Amount paid or received Receipt Number...

Answered: 1 week ago

Previous Question Next Question