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yawa3891 [41]
3 years ago
13

Manfred Mining Company is required to restore a piece of land to its original condition after it completes extraction of preciou

s metals. From a financial reporting perspective, the related obligation is referred to as an asset _________.
a. development cost.
b. exploration obligation.
c. retirement obligation.
d. restoration cost.
Business
1 answer:
Yanka [14]3 years ago
4 0

Answer:

D

Explanation:

The term is asset restoration cost,it implies the cost of ensuring the environment where the exploration does is harmless to the residents of the area.

It is normally part of the asset costs from day one.It is expected to be discounted to present value and the discounting factor is applied to the present value each to determine the increase in asset which is added to asset value,in other words by the end of useful life,the asset would have its restoration cost required to restore the site.

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What name is given to the principal means of controlling the availability and cost of financial resources?
Alexxx [7]

Answer: BUDGETS

Explanation: A budget can be defined as a written plan for financial purpose of the entity usually made for a definite period of one year. A budget can be fixed or variable.

A budget is made on the planned amount of sales and revenues and takes into consideration various types of cost and expenses to be incurred.

Thus, from the above we can say that budget is that principal mean that is used for controlling of financial resources in an entity.

4 0
3 years ago
What is an example of secondary data?
Veronika [31]

Answer:

Option B

Explanation:

The answer is Option B "an interview." Secondary data is data coming from someone else who isn't the researcher a good example of secondary data would be a interview. A interview the researcher is asking a person for data on the subject and they give their point of view/opinion on it.

Hope this helps.

3 0
3 years ago
A group of companies bound together to fix prices is called...?
irina1246 [14]
That's a 'cartel'.  It's illegal in the US.  It's also, mean, nasty, and not fair.
7 0
3 years ago
Machida Inc. is considering a project that is expected to produce cash inflows of $3,200 per year in years 1-4, with a final cas
PolarNik [594]

Answer:

The NPV = $1578.185602 rounded off to $1578.19

As the NPV is positive, the project should be accepted.

Explanation:

The Net Present Value or NPV is a tool used to evaluate projects. It is used with various other tools to decide whether to undertake a project or not. To calculate the Net Present Value or NPV, we take the present value of the cash inflows provided by the project and deduct the initial cost of the project.  If the NPV is positive, we should proceed with the project and vice versa.

NPV = CF1 / (1+r)  +  CF2 / (1+r)^2  +  ...  + CFn / (1+r)^n  -  Initial Cost

Where,

  • CF1, CF2, ... represents cash flow in Year 1, Year 2 and so on.
  • r is the required rate of return

NPV = 3200 / (1+0.17)  +  3200 (1+0.17)^2  +  3200 (1+0.17)^3  +  

3200 (1+0.17)^4  +  5700 (1+0.17)^5  -  9800

NPV = $1578.185602 rounded off to $1578.19

4 0
3 years ago
This card works like a short-term loan? <br> A. debit<br> B. credit
azamat
A loan is where you ask for money and then pay it back later.
This is like a credit card since you can buy things and then pay the credit card bill at the end of the month.
4 0
3 years ago
Read 2 more answers
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