1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oxana [17]
3 years ago
9

Montana Mining Co. (MMC) paid $200 million for the right to explore and extract rare metals from land owned by the state of Mont

ana. To obtain the rights, MMC agreed to restore the land to a suitable condition for other uses after its exploration and extraction activities. MMC incurred exploration and development costs of $60 million on the project.MMC has a credit-adjusted risk free interest rate is 7%. It estimates the possible cash flows for restoring the land, three years after its extraction activities begin, as follows:Cash Outflow Probability$ 10 million 60 %$ 30 million 40 %The asset retirement obligation that should be recognized by MMC at the beginning of the extraction activities is: ______
Business
1 answer:
algol [13]3 years ago
8 0

Answer:

The beginning of the extraction activities is 14.7 million.

Explanation:

Please find the detailed answer as follows:

Present Value of Cash Flows Expected From the Project/Asset Retirement Obligation at the Beginning = (.60*10 + .40*30)*PVIF(7%,3 Years) = (.60*10 + .40*30)*.81630 = 14.7 million .

You might be interested in
En que afecta la venta de mascotas exoticas a la biodiversidad?
andrew11 [14]

Answer:

Explanation:

"El comercio internacional de mascotas exóticas es un factor importante y creciente de la pérdida de biodiversidad y, a menudo, compromete los estándares requeridos para un buen bienestar animal; una quinta parte de los informes recientes sobre el comercio de vida silvestre se debió a la demanda de mascotas o animales para su uso en entretenimiento; cosecha insostenible de animales salvajes

8 0
3 years ago
All professional athletes earn a lot of money. wes plays professional football so he makes a lot of money. what type of reasonin
Andru [333]

I believe the answer is: inductive reasoning

In inductive reasoning, the  premises would be viewed as some sort of supply of evidence for the general conclusion. In the example above,

"all professional athletes earn a lot of money"  is the premise that is used as some sort of evidence for " wes makes a lot of money", which is the speaker's conclusion.


4 0
3 years ago
Read 2 more answers
Brush Industries reports the following information for May: Sales $ 980,000 Fixed cost of goods sold 116,000 Variable cost of go
Roman55 [17]

Answer:

Net operating income= 341,000

Explanation:

We need to use the following structure:

Gross profit= sales - cost of goods sold

Net operating income= Gross profit - other expenses (variable and fixed)

<u>Under the absorption costing method, the cost of goods sold incorporates the fixed overhead.</u>

Sales= 980,000

COGS= (116,000 + 266,000)= (382,000)

Gross profit= 598,000

Fixed selling and administrative costs= (116,000)

Variable selling and administrative costs= (141,000)

Net operating income= 341,000

8 0
3 years ago
Emerald corporation's current ratio is 0.5, while ruby (emerald's competitor) company's current ratio is 1.5. Both firms want to
ruslelena [56]

Answer:

b. Only Emerald Corporation's current ratio will be increased.

Explanation:

Given that

Emerald current ratio is

= 0.5 i.e. = 0.5 ÷ 1

now in case when the current liability is doubles , so the current assets is

= 0.5 + 1 = 1.5

And, the cuurrent liabilities is

= 1 + 1

= 2

so new ratio is

= 1.5 ÷ 2

= 0.75

Now  

Ruby current ratio is

= 1.5

i.e. = 1.5 ÷ 1

Now in case when the current liability is doubled,

the current assets is

= 1.5 + 1

= 2.5

And, current liabilities is

= 1 + 1

= 2

Now new ratio is

= 2.5 ÷ 2

= 1.25

Therefore the emerald current ratio is rised from 0.5 to 0.75

And, the Ruby's ratio has decline from 1.5 to 1.25

7 0
3 years ago
ReNaPro Inc., a multinational marketing agency, offers a curriculum in health education for its employees. It provides health pr
Dimas [21]

Answer:

engaged in health promotion at the highest level of organizational commitment

Explanation:

As it is mentioned in the question that ReNaPro Inc i.e is a multinational marketing agency that provided its employees a health educational program. In addition, it also regularly offers health promotions and offered incentives.

So here ReNaPro engaged in the promotion of health for the highest level of organisational commitment

6 0
3 years ago
Other questions:
  • Payback Period Jan Booth is considering investing in either a storage facility or a car wash facility. Both projects have a five
    8·1 answer
  • _______ is a non-cash expense representing the cost assets as they lose value over time
    5·1 answer
  • A cause can have many final manifestations. this is referred to as
    14·1 answer
  • Which of the following is true? AChecks and Debit Cards both withdraw money directly from a bank account. BDebit cards offer the
    7·2 answers
  • If interest rates rise, what will typically happen to bond prices? Rise, fall, stay the same, or is there no relationship?
    13·1 answer
  • PLEASE HELP ME ASAP PLEASE!!!!
    11·1 answer
  • When you state a business rule that pertains to your​ organization, such as​ "at my​ university, a student may declare only one
    11·1 answer
  • Is it ethical for them to take credit for supporting a charity if they are donating just pennies of each purchase?
    8·1 answer
  • When an accounts payable ledger is used, the Accounts Payable account in the general ledger becomes a(n) __________ account.
    15·1 answer
  • The ____ team is responsible for providing any needed supplies, space, materials, food, services, or facilities needed at the pr
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!