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chubhunter [2.5K]
3 years ago
9

On January 1, 2021, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for

use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 $ 235,000 September 1, 2021 $ 342,000 December 31, 2021 $ 342,000 March 31, 2022 $ 342,000 September 30, 2022 $ 235,000 Kendall borrowed $764,000 on a construction loan at 7% interest on January 1, 2021. This loan was outstanding throughout the construction period. The company had $4,570,000 in 7% bonds payable outstanding in 2021 and 2022. Average accumulated expenditures for 2021 was:
Business
1 answer:
photoshop1234 [79]3 years ago
4 0

Answer:

Average accumulated expenditures for 2021 was: <u>$349,000.</u>

Explanation:

Note: See the attached excel file for the calculation of the Average accumulated expenditures for 2021.

Average accumulated expenditures is calculated by adding the weighted average amount of each expenditure which is the product of the weight of each expenditure in a year and the amount of each expenditure. That is;

Weight of each expenditure = Number of relevant months the expenditure is used 2021 / 12 months

Weighted average amount of each expenditure = Weight of each expenditure * The amount of the expenditure

Download xlsx
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On a shopping​ trip, Melanie decided to buy a light blue coat made from woven fabric. A tag on the coat stated that the price wa
Mekhanik [1.2K]

Answer:

The correct answer is option B.

Explanation:

Melanie decided to buy a coat at a price of $79.95.  

When she brought the coat to the​ store's sales​ clerk, Melanie was told that the coat was on​ sale, and she would pay 20 percent less than the price on the tag.

She got a discount worth $15.99.

The consumer surplus, in this case, will be at least $15.99.

This is because the consumer surplus is the difference between the price the consumer is willing to pay for a good and the price he/she actually pays.  

Melanie paid $15.99 less than the price but she may have been willing to pay more than the initial price. So the consumer surplus will be at least $15.99.

3 0
4 years ago
What would a casualty insurance policy cover?
svetlana [45]

Answer:

The answer is (D) a customer injury caused by employee negligence.

Explanation:

A casualty insurance policy is a type of insurance that covers liabilities for individuals or organizations when negligence or omissions occur. It can apply to a variety of insurance types, such as aviation insurance, automobile insurance, and electronics insurance. It is not related to life insurance, health insurance, or property insurance. This makes (D) the only viable answer.

5 0
3 years ago
Read 2 more answers
In one year, the Hotel by the Shore incurred $100,000 in fixed costs. Because the hotel booked 10,000 room nights, its total var
Dimas [21]

Answer:

$200,000

Explanation:

Total cost = Fixed cost + variable cost

$200,000 = $100,000 + $100,000

Fixed cost is cost that do not vary with production. E.g. rent

If no production activity takes places, fixed cost would still be incurred.

Variable cost is cost that varies with production e.g. wages

If no production activity takes place, there would be no variable cost.

I hope my answer helps you.

5 0
4 years ago
You purchase a new car for $33,333. What is the outstanding balance on the loan after you make the second payment if you have a
GenaCL600 [577]

Answer:

$32,419

Explanation:

I prepared an amortization schedule using an excel spreadsheet. The monthly payment is $673.32:

year        beginning  scheduled  principal     interest ending

              balance             payment                                                 balance

1        $33,333         $673.32        $456     $218       $32,877 .45

2        $32,877         $673.32        $459     $215       $32,418.91

The outstanding balance after the second payment = $32,418.91 ≈ $32,419

6 0
3 years ago
Identify at least two points in domino's article where she might have given way to accusation
Sedaia [141]
<span>I believe the two points we can use are:
- Monaghan doesn’t own Domios’s (and hasn’t for years) 
- it’s Domino’s Farms that’s suing
Both of these points could lead to money laundering by transferring  value from one establishment to another and would be considered as a fraud attempt for costumers and the stakeholders of the domin's companies.</span>
4 0
4 years ago
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