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
PilotLPTM [1.2K]
3 years ago
9

Montgomery Industries spent $700,000 in 2017 on a construction project to build a library. Montgomery also capitalized $35,000 o

f interest on the project in 2017, Montgomery financed 100% of the construction with a 12% construction loan The project was completed on September 30, 2018. Additional expenditures in 2018 were as follows: $ 99,000 189,000 45,000 73,000 Feb. 28 Apr. 30 Jul. 1 Sept. 30
Required Determine the completed cost of the library. (Do not round intermediate calculations.) Completed cost of the library 747.960
Business
1 answer:
slavikrds [6]3 years ago
8 0

Answer:

The Completed lost of Library is

Explanation: $1224880

Solution

Given that:  

                                     Amount Period Average expenditure

Accumulated

expenditure Jan 1         735000     9/9         735000

Feb. 28                          99000       7/9          77000

Apr. 30                          189000      5/9          105000

Jul. 1                               45000       3/9           15000

Sept. 30                         73000        0                  0

Average Accumulated

expenditure                   1141000                       932000

Interest to be capitalized = 932000*12%*9/12= $83880

The Completed lost of Library = 1141000+83880= $1224880

You might be interested in
stacy wants to be able to to run reports in quick books online that will tell her whcih verdors provide the best prices on the p
abruzzese [7]

Answer:

The answer is below

Explanation:

QuickBooks online is widely known as a software tool often used for accounting or financial operations. It can be used to monitor income and expenses.

Therefore, in this case, the two (2) Vendor workflows that will enable her to create a report with his data are the following:

1. Create a bill with product/service items > pay bills

2. Create expense with product/service items

8 0
3 years ago
Why is segmentation for a small business more refined than for a large business?
andrew-mc [135]

Answer:

d. identifying local market characteristics can help the business owner better reach the market​

Explanation:

Market segmentation is classifying customers into smaller groups based on various characteristics.  The characteristics may include age, gender, income levels, preferences, lifestyles, and geographical locations.

Small business operates within a certain geographical area. The business owner or managers probably live in that area. The owner understands the culture, needs, and wants of the customers.  The small business can, therefore, provide the goods and services that will satisfy the needs of different groups of customers.

Because a small business operates in a smaller area, its customer's needs are less likely to extremely divergent. Small businesses can, therefore, create more refine segments than a large enterprise serving customers in different regions.

5 0
3 years ago
To tolerate a risk is to simply ignore it? true or false
Rom4ik [11]

Answer:

False

Explanation:

if you ignored it it would get worse and if you ignore you might get hurt aswell.

3 0
3 years ago
a. Suppose a government moves to reduce a budget deficit. Using the long-run model of the economy developed in Chapter 3, graphi
blagie [28]

Answer:

real interest rate decreases, national saving increases, investment increases, consumtion is unchhanged, output is unchanged (fixed because it is determined by the factors of production).

Explanation:

5 0
3 years ago
Read 2 more answers
A company is planning to spend up to $10,000 on advertising. It costs $3,000 per minute to advertise on television and $1,000 pe
sergeinik [125]

Answer:

The company should hire 2 min in television and 3 min in radio.

Explanation:

This is a maximization problem. The first thing to do is to set the main equation given and to define the constrainsts. In this case the constraints are: 3x+1y ≤ 10, x ≥ 0, y ≥ 0 x and y are integers (since you only can hired entire minutes). An interation process with possible x,y combinations is the proper approach. If you do not use solver (Excel microsoft), you have to prove every x,y possible combination and visually identify the max outcome for revenues

6 0
4 years ago
Other questions:
  • Moving from one point to another on a production possibilities frontier implies A. increasing the production of both goods. B. d
    6·1 answer
  • MegaRock produces quick setting concrete mix. Production of 200,000 tons was started in April, 190,000 tons were completed. Mate
    10·1 answer
  • Graham Petroleum produces oil. On May 1, it had no work-in-process inventory. It started production of 244 million barrels of oi
    15·1 answer
  • In China during the 1950s, a group of collective farms, each of which contained more than 30,000 people who lived and worked tog
    9·1 answer
  • Billy owes a liquidated debt of $3,000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has
    15·1 answer
  • The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainde
    12·1 answer
  • 13. Where do you find the amount when writing a check to Payroll?
    8·1 answer
  • The country of Arcadia has clusters of associated businesses and suppliers which include individual dye and textile manufacturin
    8·1 answer
  • Which is not a key component of the General Agreement on Tariffs and Trade (GATT)?
    8·2 answers
  • If a tax auditor selects every 10,000th tax return that is submitted, which form of sampling is he/she using?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!