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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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Answer:

The answer is B) "lower the prices that customers pay."

Explanation:

Actually, to increase capacity during high demands, the company do not need to lower the prices that customers pay but rather in crease the prices. According to law of demand and supply, the higher the demand, the more the price. Also, the company may also open another new branch for more production, approve overtime work and wages for employers, create more shifts and even subcontract part of the production to another company to ensure faster process but with same quality.

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send your client an email with a project and risk status. You ask for feedback on project performance. Which best practice shoul
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Explanation:

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3 years ago
Shelton, Inc., has sales of $20 million, total assets of $18.2 million, and total debt of $9.1 million. Assume the profit margin
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Answer:

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Explanation:

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= sales × profit margin

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= 20,000,000 × 0.09

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Answer:

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Iteru [2.4K]

Answer:

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