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solong [7]
3 years ago
7

During 2011, Clark Company manufactured equipment for its own use at a total cost of $2,400,000. The project required the entire

year to complete and all costs were incurred uniformly throughout the year. At the beginning of the period, Clark was able to borrow $1,500,000 at 6% specifically for the purchase of materials and the manufacture of the equipment. The entire debt, with interest was repaid on December 31, 2011, replaced with a long-term loan. Throughout 2011, Clark Company had additional debt of $1,000,000 with a weighted average interest rate of 7%. If Clark Company capitalizes the maximum amount of interest allowable under GAAP, how much will Clark report as interest expense in 2011?
Business
1 answer:
Zanzabum3 years ago
8 0
Idk idk idk idk idk idk im sorry btw its just for the starting thing
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a(n) ______ team is a group of experienced people from different areas of business who join together to form a managerial team w
Aleks [24]

Entrepreneurial team  is a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product.

<h3>What is Entrepreneurial team?</h3>

Entrepreneurial team serves as the team that come together to form a team of managers so that can carry out research to work on a new product.

They are usually from different areas of business with necessary skills for the work.

Learn more about Entrepreneurial team on:

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5 0
1 year ago
Which one of the following budgeting methodologies would be most appropriate for a firm facing a significant level of uncertaint
cricket20 [7]

Answer:

D. Flexible budgeting is the correct answer.

Explanation:

Flexible budgeting is the budget plan that changes as per the company's requirement.

The advantages Flexible budgeting are:

  • It assists the management of the organization to decide about the business situation and production level.
  • It helps to know the amount of product to be required for the growth of the organization and to achieve the profit level.
8 0
3 years ago
An aggressive dictator is deciding where to hide his weapon of mass destruction, while the UN is deciding where to look for it.
trasher [3.6K]

Answer:

(a)

z = UN

Let the Matrix of players 1 = dictator

            X             Y            Z

           9   ²       9   ²       4   ⁵

           9   ²       4   ⁵       9   ²

           4   ⁵       9   ²       9   ²

Above is the normal form of game in matrix form with player 1 = dictator strategy.

Now, the matrix of players inspectors

    XY     9  ²      9  ²      4  ⁵

    XZ     9  ²      4  ⁵      9  ²

    YZ     4  ⁵      9  ²      9  ²

The above strategy is player 2 = UN inspectors strategy.

(b)

Mixed strategy N ash equilibrium

Therefore,

The matrix of player 1 = dictator hiding strategy :

 X   =    9,2    9,2    4,5

  Y   =    9,2    4,5    9,2

  Z   =    4,5    4,5    9,2

The matrix of player 2 = inspector secret strategy

 XY  =   9,2    9,2    4,5

 XZ  =   9,2    4,5    4,5

 YZ  =   4,5    9,2    9,2

(c)

The probability that the weapon is found

=> Seeing the table above, we will calculate 6 of 9 times of inspector calculating weapon.

=> The probability that the weapon is found is

  = 6 / 9

  = 2 / 3

  = 0.67

Explanation:

7 0
2 years ago
Gates Co. purchased machinery on January 2, 2005, for $440,000. The straight-line method is used and useful life is estimated to
Charra [1.4K]

Answer:

b. $34,500

Explanation:

For computing the depreciation expense for 2011, first we have to do the following calculations which are shown below:

Depreciation expense under Straight-line method would be

= (Purchase value of machinery - residual value) ÷ (estimated useful life)

= ($440,000 - $40,000) ÷ (10 years)

= $400,000 ÷ 10 years

= $40,000

From January 2, 2005 to the beginning of 2011, it have 6 years so the accumulated depreciation would be

= $40,000 × 6 years

= $240,000

And, the book value would be

= Purchase value of machinery - accumulated depreciation

= $440,000 - $240,000

= $200,000

Now the depreciation expense for 2011 would be

= (Book value + spent amount - salvage value) ÷ (remaining life)

= ($200,000 + $96,000 - $20,000) ÷ (8 years)

= $276,000 ÷ 8 years

= $34,500

Total years is 14 and the accumulated depreciation year is 6 years so , the remaining year would be 8 years

8 0
3 years ago
Which type of life policy would best suit someone who retires in good health with a large amount of cash, whose investment goals
Naddika [18.5K]

Answer:

Single premium whole life insurance

Explanation:

<u>Single premium whole life insurance</u> is the most suitable sort of life plan that accommodates someone who retires in good fitness with a huge amount of money, whose financing purposes remain conventional. Single-Premium Whole Life (SPL) is a sort of life assurance in which a big amount of money is spent toward the protection plan in replacement for a death advantage that is completely promised to remain paid-up continuously till thou die.

4 0
3 years ago
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