Answered

Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Waterway Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6400000 on March 1, $5250000 on June 1, and $8650000 on December 31. Waterway Industries borrowed $3200000 on January 1 on a 5-year, 11% note to help finance construction of the building. In addition, the company had outstanding all year a 9%, 3-year, $6440000 note payable and an 10%, 4-year, $12550000 note payable.

Required:
What are the weighted-average accumulated expenditures?

Sagot :

abiolataiwo2015

Answer:

$8,395,833

Explanation:

Calculation to determine What are the weighted-average accumulated expenditures

Weighted-average accumulated expenditures

=($6,400,000 × 10/12) + ($5,250,000 × 7/12) + ($8,650,000 × 0/12)

Weighted-average accumulated expenditures=$5,333,333+$3,062,500+0

Weighted-average accumulated expenditures=$8,395,833

Therefore the weighted-average accumulated expenditures will be $8,395,833

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.