Question 6 (10 points)

On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c

lutik1710 [3]

Answer:

$207,800

Explanation:

Date Expenditure Weight Average

January 1 $980,000 12/12 $980,000

March 31 $1,580,000 9/12 $1,185,000

June 30 $1,256,000 6/12 $628,000

Sept. 30 $980,000 3/12 $245,000

Dec. 31 $780,000 0/12 $0

Total $3,038,000

Calculation of average interest rate for general debt

Amount Rate Interest

Bonds $8,000,000 11% $880,000

Long term rate $2,000,000 6% $120,000

Total $10,000,000 $1,000,000

Average interest rate = $1,000,000 / $10,000,000

Average interest rate = 10%

Calculation of interest capitalized

Note: General debt = $3,038,000 - $2,400,000 = $638,000

Average Interest rate Capitalized interest

Specific debt $2,400,000 6% $144,000

General debt $638,000 10% $63,800

Total $207,800

7 0

3 years ago

A———— Is a potential situation that a firm is equipped to take advantage of

olasank [31]

Opportunity often comes and it is a potential situation that a firm is equipped to take advantage of.

<h3>What is Opportunity?</h3>

Opportunity are potential that equipped a firm to take advantage of opportunities .

This is related to market, as it helps analyse external opportunities.

Therefore, opportunity often comes and it is a potential situation that a firm is equipped to take advantage.

Learn more on market opportunity here,

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2 years ago

What is an erp system? how does an erp system enforce best practices for an organization?

Stella [2.4K]

An ERP (enterprise resource planning) system is a software application that includes a centralized database and is used throughout a company. It enforces best practices through the software's business processes.

Enterprise Resource Planning (ERP) is business management software that enables a company to use a collection of interconnected applications. The ERP systems automate and simplify the operations, resulting in a leaner, more accurate and more efficient organization. ERP gives the unparalleled visibility into the main business activities.

ERP may integrate information and procedures in one location rather than managing each aspect of the firm with a separate system. This streamlines tasks, automates procedures, and allows all parts of the supply chain to work more efficiently.

As a result, an ERP (enterprise resource planning) system is a software program with a centralized database that is utilized throughout a business. It enforces best practices through the business operations of the program.

To know more about ERP click here:

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8 0

1 year ago

If i got my permit in december when can i get my license

ryzh [129]

Usually, you have to wait 6 months to get your license after you get a permit; if you get your permit in December you can get your license in June.

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2 years ago

How long is a complete performance of handel messiah?

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