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Komok [63]
3 years ago
10

Bonita Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures wer

e $6350000 on March 1, $5260000 on June 1, and $8550000 on December 31. Bonita Industries borrowed $3200000 on January 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 11%, 3-year, $6370000 note payable and an 12%, 4-year, $12050000 note payable. What is the weighted-average interest rate used for interest capitalization purposes?
Business
1 answer:
solong [7]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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2 years ago
In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $37,000 and ending
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Answer:

total cost to be accounted = $297000

Explanation:

given data

beginning work in process inventory = $37,000

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solution

we get here  total cost to be accounted that is express as

total cost to be accounted = ending work in process inventory + cost of units transferred out   ......................1

put here value and we will get

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3 years ago
What is one medical use for x-rays​
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Answer:

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6 0
3 years ago
A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve price, the item is unsold a
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Answer:

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