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
defon
3 years ago
8

Messersmith Company is constructing a building. Construction began in 2017 and the building was completed 12/31/17. Messersmith

made payments to the construction company of $3,000,000 on 7/1, $6,300,000 on 9/1, and $6,000,000 on 12/31. Weightedaverage accumulated expenditures were
a. $3,075,000.

b. $3,600,000.

c. $9,300,000.

d. $15,300,000.
Business
1 answer:
shusha [124]3 years ago
8 0

Answer:

b. $3,600,000.

Explanation:

The weighted average accumulated expenditure is given by the sum of each expenditure weighted by the distance between payment and the conclusion of the construction:

WAAE = \$3,000,000\frac{12-6}{12}+ \$6,300,000\frac{12-8}{12}+ \$6,000,000\frac{12-12}{12} \\WAAE = \$3,600,000

Weighted average accumulated expenditures were $3,600,000.

You might be interested in
Are used to describe the basic characteristics of study populations and other data sources.
scoundrel [369]
Statistics are used to describe the basic characteristics of study populations and other data sources.
5 0
3 years ago
Koby, age 16, works after school at FastFood from 4 p.m. until 11 p.m. On Friday night, therestaurant manager sees that Koby is
guapka [62]

Answer:

find answer in the explanation below

Explanation:

Koby is 16 and that means he is under age for a start. That initial statement makes Fastfood liable.

As it can be seen from the question, the golden rule applies to Koby's case as it is clear he has other things to do with his time.

Primarily, he is a student and that means he has school work to do alongside putting in some hours at Fastfood. But then, he still has the right to be treated right which in this case means him getting some rest. It is therefore safe to say that the manager of Fastfood is trying to take advantage of Koby and should have given him rest.

if he had gotten some rest, he wouldn't have fallen asleep while driving and been in the accident.

Cheers

7 0
3 years ago
Which of the following will be accomplished by efficient allocations of the factors of production?
Pavlova-9 [17]

Answer:

fulfilling many needs and wants of society

Explanation:

In producing a product during production, it is always important to ask if society needs the product that we are developing. The key to every successful product is to answer whether the consumer meets the needs.

I dont know if this correect....you don't have any options(^^):^>.<

3 0
3 years ago
In making adjusting entries at the end of its accounting period, chao consulting failed to record $3,700 of insurance coverage t
Rama09 [41]

It is given that the company failed to record $3,700 of insurance coverage that had expired and accrued salaries expense of $2,250. It means the company has failed to record the total expenses of (3700+2250) = $5,950. This understatement of the expenses shall result in an overstatement of the income in the Income statement. Further, it will also result in the overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250.


As a result of these two oversights, the financial statements for the reporting period will show overstatement of the income by $5,950 in the Income statement and overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250 in the balance sheet.



3 0
4 years ago
Branford has one share of stock and one bond. The total value of the two securities is $1,200. The bond has a YTM of 10.2%, a co
riadik2000 [5.3K]

Answer:

The price of the stock is expected to be $188.16 in 1 year.

Explanation:

This can be determined as follows:

Current price of the stock = Expected next dividend / Expected return = $24.87 / 15.2% = $163.62

Expected stock price in 1 year = Current price of the stock * (100% + Expected return)^Number of year = $163.62 * (100% + 15.2%)^1 = $188.16

Therefore, the price of the stock is expected to be $188.16 in 1 year.

8 0
3 years ago
Other questions:
  • A project will produce an operating cash flow of $31,200 a year for 7 years. The initial fixed asset investment in the project w
    13·1 answer
  • What is the best way to judge the success of your communication? How quickly the message is developed Use of jargon Through feed
    15·1 answer
  • On January 1, Year 1, Li Company purchased an asset that cost $45,000. The asset had an expected useful life of five years and a
    13·1 answer
  • Johnny has 15 toys with a total value of $125. If some of Johnny's toys are worth $5 and the others are worth $10, how many toys
    7·1 answer
  • Martin Distributors has the following transactions related to notes receivable during the last two months of the year.
    6·1 answer
  • Which statement is correct? a. Producers are "Kings" in a market economy because they determine what is produced. b. Freedom of
    9·1 answer
  • A good is nonrivalrous in consumption ifa. its consumption by one person does not reduce its consumption by othersb. its consump
    10·1 answer
  • Governors and state officials would tend to favor ______ from federal funding since it provides flexibility in terms of how the
    13·1 answer
  • Five years from today, you plan to invest $2,500 for 7 additional years at 8.4 percent compounded annually. How much will you ha
    9·1 answer
  • At base, the mainstream concept of poverty translates to a. sufficient hard currency but insufficient purchasing power. b. an al
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!