On March 1, Kingbird Co. began construction of a small building. The following expenditures were incurred for construction March 1 April 1 May 1 June 1 July 1 $322,800 (a) 308,400 759,600 1,170,000 420.000 The building was completed and occupied on July 1. To help pay for construction $182.000 was borrowed on March 1 on a 12%, three year note payable. The only other debt outstanding during the year was a $1,937,000, 10% note issued two years ago Calculate the weighted average accumulated expenditures The weighted average accumulated expenditures 5 Attempts: 0 of 1 used Submit Answer
On March 1, Kingbird Co. began construction of a small building. The following expenditures were incurred for construction March 1 April 1 May 1 June 1 July 1 $322,800 (a) 308,400 759,600 1,170,000 420.000 The building was completed and occupied on July 1. To help pay for construction $182.000 was borrowed on March 1 on a 12%, three year note payable. The only other debt outstanding during the year was a $1,937,000, 10% note issued two years ago Calculate the weighted average accumulated expenditures The weighted average accumulated expenditures 5 Attempts: 0 of 1 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:(b)
Calculate avoidable interest.
Avoidable interest S
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Transcribed Image Text:On March 1, Kingbird Co. began construction of a small building. The following expenditures were incurred for construction:
March 1
April 1
May 1
June 1
July 1
$322,800
308,400
759,600
1,170,000
420,000
The building was completed and occupied on July 1. To help pay for construction $182,000 was borrowed on March 1 on a 12%, three
year note payable. The only other debt outstanding during the year was a $1.937.000, 10% note issued two years ago
(a)
Calculate the weighted average accumulated expenditures
The weighted average accumulated expenditures
S
Attempts: 0 of 1 used Submit Anwwer
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