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bagirrra123 [75]
3 years ago
8

On January 2, 2017, Swify Corporation began construction of a new citrus processing plant. The automated plant was finished and

ready for use on September 30, 2018. Expenditures for the construction were as follows:January 2, 2017 $ 600,000September 1, 2017 1,800,000December 31, 2017 1,800,000March 31, 2018 1,800,000September 30, 2018 1,200,000
Swifty Corporation borrowed $3240000 on a construction loan at 10% interest on January 2, 2017. This loan was outstanding during the construction period. The company also had $12360000 in 7% bonds outstanding in 2017 and 2018. The interest capitalized for 2017 was _______.
Business
1 answer:
n200080 [17]3 years ago
3 0

Answer:

Capitalized Interest for 2017 1,200,000

Explanation:

date // expenditure // weigth // capitalized interest  

Jan   1th  600,000  1  600,000.00

Sep   1th  1,800,000 0.33 600,000.00

Dec 31th  1,800,000  0  -  

Total                   1,200,000.00

especific borrowings at 10% = $3,240,000

As we have to capitalize up to 1,200,000

We only apply the rate to that amount

1,200,000 x 10% = <em>120,000</em>

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Explain how growing personal income is related to economic conditions.
NISA [10]

Answer:

see below

Explanation:

Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures.  It is the sum of a household income. Personal income is calculated per period, usually one year.

Economic conditions refer to the prevailing state of a country or region's economy.  Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors.  Governments and investor use indicators to tell the state of the economy

Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.

7 0
2 years ago
It is recommended we consume half of our grains from whole grains. What part of the whole grain provides just energy?
Rufina [12.5K]

Answer:

Endosperm

Explanation:

Whole grain is considered as a health and nutrient food. Whole grain provides necessary protein and oil which helps to provide energy. In whole-grain endosperm is a part which is important to get energy as it helps to provide starch which is full of protein and nutrients. This why food made of grain is used to improve the energy level.

6 0
3 years ago
Margaret, a consumer in a DTPA lawsuit, was able to prove that the licensee in her suit knowingly failed to disclose information
Naddik [55]

Answer and explanation:

The Deceptive Trade Practices Act (DTPA) of 1973 protects consumers from misleading information provided during the sale of a good or service. If a defendant is found liable in a DTPA lawsuit, the plaintiff is entitled to <em>monetary damages for the recovery of economic damages, anguish damages, discretionary damages, </em>and <em>attorney's fees</em>.

7 0
3 years ago
The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 1
Keith_Richards [23]

Answer:

$259.34

Explanation:

the value of the stock can be determined using the two stage dividend discount model.

In the first stage, the present value would be determined using a discount rate of 18%.

In the second stage, the present value would be determined using a discount rate of 6%.

Values from the first and second stage would be added together to determine the value of the stock

First stage

Present value in year 1 = ($3.2 x 1.18) / 1.087 = $3.47

Present value in year 2 = ($3.2 x 1.18²) / 1.087² = $3.77

Present value in year 3 = ($3.2 x 1.18³) / 1.087³ = $4.09

Present value in year 4 = ($3.2 x 1.18^4) / 1.087^4 = $4.44

Second stage

($3.2 x 1.18^4 x 1.06) / (0.087 - 0.06) = 243.57

Value of the stock = $3.47 + $3.77 + $4.09 + $4.44 +  243.57 = $259.34

7 0
2 years ago
(100 POINTS ANd BRAINLYEST)<br> Question 4 Only
dsp73

Answer:

for me it is d and i got it correct

Explanation:

5 0
3 years ago
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