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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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Managerial efforts to boost a company's stock price should entail such actions as
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<span>The proactive efforts of company managers to boost the stock price of the company should, of a necessity, include such actions as raising the company's dividend each year (ideally by at least $.05 per share) and repurchasing shares of common stock.</span>

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A summary of cash flows for Adventure Travel Service for the year ended April 30, 2019, follows:
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Answer:

<u>Adventure Travel Service</u>

<u>Statement of cash flows for the year ended April 30, 2019</u>

<u>Cash flow from Operating Activities</u>

Cash receipts from customers                                 $2,080,000

Cash payments for operating expenses                 ($1,706,000)

Net Cash from Operating Activities                            $374,000

<u>Cash flow from Investing Activities</u>

Purchase of land                                                        ($400,000)

Net Cash from Investing Activities                            ($400,000)

<u>Cash flow from Financing Activities</u>

Cash receipt from owner as investment                      $60,000

Drawings                                                                       ($40,000)

Net Cash from Financing Activities                              $20,000

Movement in Cash and Cash Equivalents                   ($6,000)

Beginning Cash and Cash Equivalents                      $203,000

Ending Cash and Cash Equivalents                            $197,000

Explanation:

The Statement of Cash flows shows the results of cash from the following sources : Cashflow from Operating Activities, Cashflow from Investing Activities and Cashflow from Financing Activities.

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2 years ago
Tax cuts _________.A) and increases in government expenditures shift aggregate demand right.B) and increases in government expen
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When there is tax cut or reduction in tax, there will be more disposable income which will increase consumption and savings and in turn shift the aggregate demand to the right.

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3 years ago
The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as t
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Answer:

The three main pillar of sustainability

Explanation:

Sustainability is fulfilling the present needs without compromising the needs of the future generation.

The three main pillars of sustainability include economic, environmental and social.

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Incurring an expense for advertising on account would be recorded by:
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Complete Question:

Incurring an expense for advertising on account would be recorded by:

Group of answer choices

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B) Crediting an asset account.

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Answer:

C) Debiting an expense account.

Explanation:

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