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
alexdok [17]
3 years ago
5

Testbank Multiple Choice Question 86 Bonita Industries is constructing a building. Construction began on January 1 and was compl

eted on December 31. Expenditures were $6300000 on March 1, $5260000 on June 1, and $8450000 on December 31. Bonita Industries borrowed $3180000 on January 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 8%, 3-year, $6410000 note payable and an 9%, 4-year, $12150000 note payable. What are the weighted-average accumulated expenditures? $8318333 $9720000 $20010000 $11560000
Business
1 answer:
eimsori [14]3 years ago
4 0

Answer:

$8,318,333

Explanation:

The computation of the weighted average accumulated expenditure is shown below:

Date Amount       Capitalization period Weighted Average Accumulated Expenditures  

Mar 1 $6,300,000 10 months                  $5,250,000  ($6,300,000 × 10 months ÷ 12 months)

Jun 1 $5,260,000 7 months                   $3,068,333.33   ($5,260,000 ×  7 months  ÷ 12 months)

Dec 31 $8,450,000 0 months                    $0

Total                                                             $8,318,333

We simply multiplied the amount with the capitalization period so that the weighted average accumulated expenditure could come

You might be interested in
Adjustments for ________ would not be included in the required reconciliation of the Governmental Fund Balance Sheet to the gove
UNO [17]

Answer:

Adjustments for enterprise fund-basis statements from their original modified accrual basis would not be included in the required reconciliation of the Governmental Fund Balance Sheet to the governmental activities Statement of Net Position.

8 0
4 years ago
Benchmarking involves:
creativ13 [48]

Answer:

1. comparing how different companies perform various value chain activities and then making cross-company comparisons of the costs and effectiveness of these activities.

Explanation:

Benchmarking -

It is the method of comparing the business performance and the process like the cost , time and quality .

Benchmarking is also known as process benchmarking , or , best practice benchmarking .

It is the comparison among various companies , that how the company performs various value chain activities .

Hence , from the question , the correct statement for the given term is ( 1. ) .

5 0
4 years ago
1. Assume a friend of a friend wants to borrow a moderate amount of money from you. List the information you would want to know
jeyben [28]
You would want to know the borrowers background history. U would also want to know if he can repay you. Ask your friend if his friend has borrowed money from him and been able to repay him. Hope this helps
6 0
3 years ago
Exercise 1-8A Prepare a balance sheet (LO1-3) Wolfpack Construction has the following account balances at the end of the year. A
mr_godi [17]

Answer:

Please see balance sheet below.

Explanation:

Wolfpack construction balance sheet.

Dec 31

Assets $

Cash 6,000

Land 18,000

Equipment 26,000

Total assets 50,000

Liabilities.

Accounts payable 3,000

Notes payable 20,000

Total liabilities 23,000

Equity

Common stock 11,000

Retained earnings 16,000

Total stockholders equity. 27,000

Total liabilities and stockholder's equity(23,000 + 27,000) 50,000

8 0
4 years ago
A community bird-watching society makes and sells simple bird feeders to raise money for its conservation activities. The materi
Mademuasel [1]

Answer:

A) (20-(x-10)) (x-6) = -x^2 +36x-180

B)In order to maximize the weekly profit the feeder price should be $80 and the weekly profit will be $144

Explanation

A)Let's consider they priced each feeder dollar x then the gain (price minus cost) of each feeder is (x-6). With the price of Dollar 10 they can sell 20 per week.

For every dollar increase in price they will lose two sales so total sale is

(10-(x-10)) .By multiplying the number of sales of feeder with profit of each feeder sold we get total revenue y i.e.

Y=(x-6)(20-(x-10))

=(x-6) (30-x)

= -x^2+36x-180

B) compare above equation with quadratic equation we get;

a=-1 , b=36 , c= -180

A quadratic function has minimum or maximum at point -b/2a ,so revenue is increased for feeder price.

x= b/2a = 36/2(-1) = $18

AND

Maximum weekly profit is

Y(18) = (18-6) (30-18)

=$144

3 0
3 years ago
Other questions:
  • Chaurice has a lot of friends and was elected president of her class. Before she was elected, she volunteered as a peer mentor f
    9·2 answers
  • A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing togethe
    13·1 answer
  • two watches and one calculator cost 49 dollars in all. Three watches and three calculators cost 99 dollars in all. what is the c
    14·1 answer
  • Which of the following actions you can take to insure the security of your bank accounts. Select all that apply.
    14·1 answer
  • In which of the following circumstances are competitive pressures associated with the bargaining power of buyers relatively mode
    13·1 answer
  • Assume that at the current output level a monopolist is breaking even and has marginal revenue of $7 and a marginal cost of $4.
    11·1 answer
  • As the result of a hurricane heading toward the coastal area of north carolina, residents rushed to purchase plywood to cover th
    7·1 answer
  • Given the following, calculate total manufacturing costs: Direct materials: $40,000; Direct labor: $100,000; Manufacturing overh
    11·1 answer
  • A company is considering replacing an old piece of machinery, which cost $105,000 and has $55,000 of accumulated depreciation to
    6·1 answer
  • Barlow Company manufactures three products—A, B, and C. The selling price, variable costs, and contribution margin for one unit
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!