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:
<em><u>preset value of restoration cost:</u></em>
Maturity $645,000.00
time 4.00
rate 0.12000
PV 409,909.1606
Lower interest rates that are pushed by Fed and things like
policy makers in which are at the nation’s central bank will be able to do
things like dropping their rates and will be able to follow the suit which they
usually do.
Answer:
2.04%
Explanation:
yield to maturity of a zero coupon bond = (face value / market value)¹/ⁿ - 1
YTM = ($10,000 / $9,800)¹/¹ - 1 = 0.0204 = 2.04%
The yield to maturity is the expected return (yield) that a bondholder should receive after holding the bond until maturity. Generally risk free bonds have a very low YTM, and as risk increases, so does the bond's yield.
Answer:
the ending balance of the owner capital account is $31,050
Explanation:
The computation of the ending balance of the owner capital account is as follows:
= Net income reported + total investment made
= $25,900 + $5,150
= $31,050
Hence, the ending balance of the owner capital account is $31,050
The same is to be considered by adding the above two items
$670 is the final balance due that max wants to pay.
<u>Explanation</u>:
- Max borrowed a $2000 amount on a 120-day note. First, he paid $700 in the 120-day note. So the current amount he paid is $700.
- After thirty days max paid the amount of $630. So totally he paid $1330 in a note of 75 days. So 45 days are remaining.
- So the final balance due is $670. So Max wants to pay $670 on a note of 45 days.