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
soldi70 [24.7K]
3 years ago
13

Waterway Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures wer

e $1,992,000 on March 1, $1,272,000 on June 1, and $3,020,740 on December 31. Waterway Company borrowed $1,012,250 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 9%, 5-year, $2,458,400 note payable and an 10%, 4-year, $3,504,400 note payable. Compute the weighted-average interest rate used for interest capitalization purposes.
Business
1 answer:
USPshnik [31]3 years ago
8 0

Answer:

9.59%

Explanation:

The computation of the weighted-average interest rate used for interest capitalization purposes is shown below:

<u>Particulars                               Amount           Interest  </u>

9%, 5-year note payable      $2,458,400       $221,256  

10%, 4-year note payable      $3,504,400      $350,440  

Total                                        $5,962,800      $571,696  

So, Weighted-average interest rate is

= $571,696 ÷ $5,962,800

= 9.59%

You might be interested in
A thesis statement should be clearly stated and narrowly focused. True False
dolphi86 [110]

A thesis statement should be clearly stated and narrowly focused. False

5 0
3 years ago
Read 2 more answers
A company's skills are functions—such as customer service and promotions—that the firm performs better than its competitors
Tasya [4]

Answer:

Here the given statement is true.

Explanation:

The given above statement is true , customer service and promotions are recognized as a company's skill set , which if a company would perform better than its competitors than it would be able to attract more customer base and even retain its target audience. Customer service skills are really important for every company as these skills helps in increasing its target consumers and retain them by addressing the customers redressal, fulfilling their needs and wants and improving their experience.

8 0
3 years ago
Read 2 more answers
As a firm's sales grow, its current assets also tend to increase. For instance, as sales increase, the firm's inventories genera
yanalaym [24]

Answer: True

Explanation:

Current assets are the assets that a company had and which are expected to be either used or sold over the next year. Examples of current assets are cash, cash equivalents, stock inventory, accounts receivable, marketable securities, and other liquid assets.

It should be noted that when the sales of a from continue to grow, the current assets of such company also increases. An example is when there is an increase in the sales increase, this.will also have an impact on the firm's inventories as there will be an increase.

6 0
3 years ago
A firm has the balance sheet accounts, Common Stock and Paid-in Capital in Excess of Par, with values of $40,000 and $500,000, r
Mrac [35]

Answer:

$13.50/share

Explanation:

500000/40000=12.5$

was purchased for 1$

total=1+12.5$

$13.50/share

8 0
3 years ago
You are a scientist presenting your latest discovery to two different audiences. on monday you will present to the board of dire
andrezito [222]
<span>On Monday, during which time I am presenting to a group of highly accomplished scientists, my presentation will be far more technical and detailed. On Tuesday, when I am presenting to the company's marketing and promotions department, all of these technical details will be scrapped and I will be presenting very broad ideas. If I am presenting on a new method of administering blood tests, I will talk on Monday about the methods that I am using, however; on Tuesday, I will talk about the benefit to the patients and to the hospital.</span>
7 0
3 years ago
Other questions:
  • What does the quantity theory speculate about the cause of inflation?
    5·1 answer
  • ​refer to table 3-37. sarah and charles are both potters and each can switch between the production of vases and mugs at a const
    5·1 answer
  • Meena Chavan​ Corp.'s computer chip production process yields DRAM chips with an average life of 1 comma 800 hours and sigma ​=
    14·1 answer
  • On April 1, 2020, Rasheed Company assigns $400,000 of its accounts receivable to the Third National Bank as collateral for a $20
    13·2 answers
  • If Jordan drives an average of 11,234 miles a year, how many miles will she have on her car in seven years?
    12·2 answers
  • Maintenance, which was about 18 of the total budget less than it spent on administrative personnel. The amount spent on administ
    12·1 answer
  • What evaluation criteria is used in economic analysis?a. Time to completion b. Technical feasibility c. Sustainability d. Financ
    9·1 answer
  • The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to th
    12·1 answer
  • Graham Corp. has 1,000 cartons of oranges that were harvested at a cost of $30,400. The oranges can be sold as is for $36,400. T
    9·1 answer
  • What are the services that are rendered to the wholesalers by the retailers?​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!