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
inessss [21]
3 years ago
10

On January 2, 2020, Marigold Corp. began construction of a new citrus processing plant. The automated plant was finished and rea

dy for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 $ 606000 September 1, 2020 1802400 December 31, 2020 1802400 March 31, 2021 1802400 September 30, 2021 1215000 Marigold Corp. borrowed $3380000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $13080000 in 7% bonds outstanding in 2020 and 2021. The interest capitalized for 2020 was:
Business
1 answer:
MissTica3 years ago
6 0

Answer:

MARIGOLD CORP

INTEREST TO BE CAPITALIZED IN THE YEAR 2020

January 2,  2020      $606,000 *10%        =         $60,600

September 1, 2020   $1,802,400*10%* 4/12  =   <u> $60,080</u>

                                                                              <u> 120,680</u>

Explanation:

Interest to be capitalized for the year 2020 must be interest that is incurred on amount expended on the construction from amount specifically borrowed for the construction

You might be interested in
Explain the importants of marketing segmentation
Nina [5.8K]

A market segment is a subgroup of people or organizations that have one or more characteristics in common that cause them to have the same product needs. Everyone needs water to drink, but does everyone need bottled water? For companies to successfully reach their precise customer, they need to divide a market into similar and identifiable segments through market segmentation.

The main reason companies divide markets into identifiable groups is so that the marketing team can create a custom marketing mix for the specific group. For example, Farmer Joseph realized early on that not everyone would purchase his expensive organic produce. He did not want to exhaust his financial budget by advertising to the masses. Instead, he identified his target market and created a specific marketing plan to communicate effectively with his prime customers.

His target market consisted of females age 18-65, with an income of $50,000+, who have healthy eating habits and who are concerned about pesticides. His plan consisted of ad placement in local women's magazines, newspapers and also email blasts to a list that he formulated with age and income specifics. Lastly, he advertised with a local gym about his healthy produce. Marketers have numerous choices in how they can segment a market.

If the farmer had planned on targeting everyone, then the type of segmentation would have been called no market segmentation. The opposite type of segmentation would be if he decided to target based on every individual factor available. This would be called a fully segmented market. Other choices include segmenting just by gender, income, lifestyle, ethnicity, family life cycle, age group, or even a combination-type.

Companies will not survive if the marketing strategy is dependent upon targeting an entire mass market. The importance of market segmentation is that it allows a business to precisely reach a consumer with specific needs and wants. In the long run, this benefits the company because they are able to use their corporate resources more effectively and make better strategic marketing decisions.

7 0
3 years ago
16. Who has the control and management of company? (1) (a) Managing committee (b) Partners
Oksana_A [137]

Answer:

(d) Board of directors

Explanation:

The board of directors is at the summit of a company's organizational structure. It is the most senior decision-making organ of a company. It is composed of a group of individuals elected to represent the shareholders. The board of director's main role is to give policy direction and oversight the top management.

The board of directors is a  purely managerial body. It meets at intervals to discuss company affairs. The board of directors recruits the chief executive officer of the company.

8 0
2 years ago
what is the money an investor receives above and beyond the money initially invested called?a) saving.b)liquidity.c)return.d)inv
blondinia [14]
The <span>money an investor receives above and beyond the money initially invested is called C. return.
Saving has to do with saving your money. Liquidity is the ability to pay your bills. Investment is when you invest your money into something, and eventually get it back, if your investment pays off.
</span>
3 0
3 years ago
Read 2 more answers
Which of the following is unconditioned response n
Doss [256]

Answer:

Explanation:

Idk

3 0
3 years ago
The law of demand states that A. a higher price will lead to increased sales. B. quantity demanded will vary inversely with the
Alchen [17]

Answer:

The correct answer is B. The law of demand states that quantity demanded will vary inversely with the price of the good.

Explanation:

The law of demand states that the value of demand decreases as the price of the product increases, that is, between the value of demand and the price there is an inverse relationship, therefore, an increase in price causes a decrease in demand, and a decrease in price causes an increase in demand.  

Therefore, manufacturers who have decided to produce more should know that an increased number of goods can only be sold at a lower price.

The quantity of goods purchased depends on the price as well as on the average income of the buyers, the size of the market, the price and usefulness of other goods, including substitutes, subjective tastes and preferences of buyers.

8 0
2 years ago
Read 2 more answers
Other questions:
  • The operations process includes which of the following activities?
    5·1 answer
  • Which type of air mass forms over the ocean near the equator
    15·1 answer
  • _____ is defined as the collection of private, commercially oriented organizations, ranging in size from one-family proprietorsh
    5·1 answer
  • The aggregate demand curve
    13·1 answer
  • The formal target-setting, monitoring, evaluation, and feedback systems that provide managers with information about whether the
    8·1 answer
  • Which of the following scenarios will shift the investment demand curve right? Instructions: You may select more than one answer
    6·1 answer
  • Which of the following can increase your credit card’s APR?
    8·2 answers
  • Explain the most probable reason why the market price of these bonds has declined, even though Clear-Air‘s credit rating has imp
    11·1 answer
  • ________ communication is a form of two-way communication, a dialogue.
    5·1 answer
  • (Present value) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted b
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!