Answer:
1) total cost $3,209,909
<u><em>journal entries:</em></u>
copper deposit 3,209,909 debit
cash 2,800,000 credit
restoration liability 409,909 credit
Explanation:
mine deposit: 2,000,000 land
+ 800,000 extraction
<u> + 409,909</u> restoration cost
3,209,909 total cost
expected monetary value of the restoration cost:
![\left[\begin{array}{cccc}$Electrical&Return&Probability&Weight\\$One&500,000&0.25&125,000\\$Second&600,000&0.4&240,000\\$Third&800,000&0.35&280,000\\$Total&&1&645,000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24Electrical%26Return%26Probability%26Weight%5C%5C%24One%26500%2C000%260.25%26125%2C000%5C%5C%24Second%26600%2C000%260.4%26240%2C000%5C%5C%24Third%26800%2C000%260.35%26280%2C000%5C%5C%24Total%26%261%26645%2C000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<em><u>preset value of restoration cost:</u></em>
Maturity $645,000.00
time 4.00
rate 0.12000
PV 409,909.1606
Answer: This presentation helps you choose which of the five health insurance options works best for your family.
Explanation:
From the question, we are informed that employees usually choose a health care plan without carefully considering their options and they end up blaming someone else for not informing them sufficiently of their options ahead of time.
Due to this reason, the person want the employees to attend a fair and take the time to carefully weigh their options. Of the options given, the correct answer is that "this presentation helps you choose which of the five health insurance options works best for your family".
Emphasis is been placed on choice as the employees can choose what works best for them. A simple language is also used to pass the message across.
Answer:
Depreciation
Explanation:
Depreciation is the systematic allocation of estimated cost to an asset. Methods include straight line, sum of the year digits, double declining etc. The entries for recognizing this cost are;
Debit depreciation expense
Credit Accumulated depreciation
Hence to account for this decrease in usefulness, the cost of fixed assets is systematically allocated to expense through a process called depreciation.
FALSE. Directive leadership is thought to be less effective when employees have low levels of ability.
If employees have low levels of ability this is when they need directive leadership.
Bad Debt Expense is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate.
- When a receivable is no longer recoverable as a result of a customer's inability to pay an outstanding debt owing to bankruptcy or other financial issues, a bad debt expense is recorded.
- Big Store stops paying its debts and fails to reimburse Company XYZ for goods valued at $100,000. Company labels the $100,000 as a bad debt because it has little faith that Big Store will ever make good on its obligations.
- When a customer's repayment of previously granted credit is thought to be uncollectible and is therefore recorded as a charge off, a business incurs a bad debt expense.
- Bad debt charges are categorized as operating costs and are typically listed under selling, general, and administrative costs on your company's income statement.
Thus this is the answer.
To learn more about Bad debt expense, refer:brainly.com/question/24871617
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