Cape Fear Riverwood is lumber company that specializes in recovering, cutting, and selling wood from trees discarded long ago,even those that have been underwater or buried in the ground for more than 100 year ! Historically, the logging industry used rafts made of wood to transport cut trees to logging pens along the Cape Fear River in North Carolina. some of heavier trees sank during transportation. Other trees were intentionally dumped in the river for disposal after being bled for turpentine. The company used side-scan penetrating radar to find large quantities of logs in 30 locations in and around the river. The first two sites the company salvaged contained heart pine and river pine. A more recent site contained a treasure trove of perfectly preserved 38,000-year-old cypress trees buried 30 feet in a sand pit. Scientists have identified these as tree that became extinct more than 20,000 years ago.

Question

Cape Fear Riverwood is lumber company that specializes in recovering, cutting, and selling wood from trees discarded long ago,even those that have been underwater or buried in the ground for more than 100 year ! Historically, the logging industry used rafts made of wood to transport cut trees to logging pens along the Cape Fear River in North Carolina. some of heavier trees  sank during transportation. Other trees were intentionally dumped in the river for disposal after being bled for turpentine. The company used side-scan penetrating radar to find large quantities of logs in 30 locations in and around the river. The first two sites the company salvaged contained heart pine and river pine. A more recent site contained a treasure trove of perfectly preserved 38,000-year-old cypress trees buried 30 feet in a sand pit. Scientists have identified these as tree that became extinct more than 20,000 years ago.
The cypress trees are 60 to 80 feet long. If there are 14,285 trees at an average length of 70 feet, how many feet of wood will the company have?
2. If the cypress is worth $80 per foot, what are the 14,285 trees worth?
3.If the cost to recover the 60 to 70 foot cypress trees is $375 each and the cost to harvest the larger trees is $500, how much it cost to recover all of the trees if 2/5 of the trees are more than 70 feet long?

4. Because the harvested lumber depletes the amount of natural resource available ti the citizens of North Carolina, the state of North Carolina place an excise tax of 1/20 of all profits earned by lumber companies within the state. If the harvested cypress wood is worth approximately $80,000,000 and the only expense of obtaining the wood is the recovery cost, how much excise tax is owned to North Carolina?

Ms. Sue · Answer

I just answered the first three questions. How do you think you an solve # 4?

ELIZABETH · Answer

1/20*80,000,000=4,000,000