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
den301095 [7]
3 years ago
7

6. On 3/1/19, Kepple Inc. borrowed funds on a 12%, two-year note, to finance the construction of a new warehouse which qualifies

for interest capitalization. Construction on the project began on 4/1/19 and was completed on 11/1/19. Kepple has a calendar year-end. Rounded to the nearest whole month, over how many total months in 2019 should interest be capitalized under the current interest capitalization rules?
Business
1 answer:
Tcecarenko [31]3 years ago
3 0

Answer:

The interest would be capitalized for 7 months time and must be calculated at 12% of the actual amount used for the construction of the new warehouse.    

Explanation:

The interest can only be capitalized for the period the loan amount was used to make the asset ready for use. Also note that the part of loan amount used will only be used to calculate the interest which would be capitalized which means if the company borrowed $1.2 million at 12% and used only $0.6 million of the total loan for construction of the building then the amount used will be $0.6 to compute the interest that will be capitalized.

The time period will be the corresponding time of commencement of construction and amount borrowed to the date the construction of the asset has been completed. So here, the time period for which the interest would be capitalized would be for 7 months (4/1/19 - 11/1/19) because the construction was completed within 7 months.

You might be interested in
The Hawthorne studies showed that:________
Inessa05 [86]

Answer:

B. work motivation is a function of a wide variety of factors,Including pay,social relationships,meaning interests, and attitudes

3 0
2 years ago
The operator of the local mall wants to find out how many of the mall's employees make purchases in the food court when they are
schepotkina [342]
The correct answer is "to survey <span>every 30th employee entering each mall entrance for one week".

Why is it considered to be the best method to get a random sample of the employees? The 30th employee, who enters the mall for the week is a random element and may work at different locations in the mall, which gives you a better random sample for the survey.</span>
3 0
2 years ago
How long is boot camp for a fire fighting candidate
Trava [24]
After a 12-week program of intense classroom and physical training (hands on), it will follow along with a 21-day Boot camp.


Hope this helped!
3 0
3 years ago
While searching Ancestry.com, you learn that you are a direct descendant and sole living heir of Alexander Hamilton who founded
34kurt

Answer:

C. $1.24 million

Explanation:

Given that

Annualized interest compounded = 5%

For monthly, it would be = 5% ÷ 12 months = 0.4167%

Time = 235 years

For monthly, it would be = 235 years × 12 months = 2,820

Present value = $10

We know that

Future value = Present value × (1 + interest rate)^number of years

                     = $10 × (1 + 0.4167%)^2820

After solving this, the answer would be  $1.24 million

6 0
3 years ago
Servant-leaders create and sustain an organization's customer focus by employing which of the following attributes?
Akimi4 [234]

Answer:

All of the above

Explanation:

Servant-leadership aims at creating a "servant-hood" attitude in all employees that interact with customers.  An organization has internal and external customers.  A servant -leader understands that customer focus is about ''serving'' others. Everyone in the organization that engages customers must demonstrate "servant-hood. "

Servant-leaders create and sustain an organization's customer focus by establishing a customer service training program. Training ensures values are respected and observed by all. Training instills the desired behavior and response in employees. Through training, standards are set and maintained.   A servant- leader deploy mechanisms to monitor and evaluate performance. This allows for corrective actions to guarantee quality service.

8 0
3 years ago
Other questions:
  • If you show the audience the impact of brain injuries in child athletes and then tell how to improve the situation, you are usin
    14·1 answer
  • Expensive high quality late harvest auslese, beerenauslese and trockenbeerenauslese wine is made from grapes which are typically
    6·1 answer
  • Johnson and Gomez, Inc. is a small firm involved in the production and sale of electronic business products. The company is well
    10·1 answer
  • "A customer owns 200 shares of ABC, purchased 2 years ago at $50 per share. The current market value of ABC stock is $60 per sha
    13·1 answer
  • If the beginning Cash account balance of Moonbeam, Inc. was $40,000, the ending balance was $67,200, and the total cash paid out
    9·1 answer
  • Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. F
    11·1 answer
  • Taylor, the human resource manager at a large manufacturing firm, wants to fill an entry-level management position with an inter
    10·1 answer
  • Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of pr
    15·1 answer
  • Suppose the demand function (D) for golf clubs is: Q = 240-1.00P, where P is the price paid by consumers in dollars per club and
    13·1 answer
  • Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear $ 32.50 Total fixe
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!