How Many Cubic Centimeters of an Ore Containing Only 0

question 63

Multiple Choice

How many cubic centimeters of an ore containing only 0.22% gold (by mass) must be processed to obtain $100.00 worth of gold The density of the ore is 8.0 g/cm³ and the price of gold is $818 per troy ounce. (14.6 troy oz = 1.0 ordinary pound, called an avoirdupois pound; 1 lb = 454 g)

• A) 0.48 cm³
• B) 220 cm³
• C) 1.4 * 10³ cm³
• D) 1.7 * 10³ cm³
• E) 1.8 * 10⁴ cm³

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Definitions:

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds over a period of time.

Net Income

The earnings left for a company after paying off all its costs and tax obligations from its revenue.

Times Interest Earned Ratio

A financial metric used to determine a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, reported on the income statement.