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
Afina-wow [57]
3 years ago
14

Sheffield Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were

$6450000 on March 1, $5350000 on June 1, and $8250000 on December 31. Sheffield Corp. borrowed $3250000 on January 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 8%, 3-year, $6410000 note payable and an 9%, 4-year, $12750000 note payable. What are the weighted-average accumulated expenditures
Business
1 answer:
valentina_108 [34]3 years ago
6 0

Answer:

$8,495,833

Explanation:

<u>Calculation of weighted-average accumulated expenditures</u>

Date     Payments    Funds used        Annualized               Amount

Mar 1    $6450000       10/12             $6450000*10/12       $5,375,000

Jun 1    $5350000        7/12              $5350000*7/12         $3,120,833

Dec 31  $8250000       0/12              $$8250000*0/12      <u>$0                </u>

Weighted Average Expenditures                                        <u>$8,495,833</u>

You might be interested in
Hellppp pleaasseeeeeeeeeee
Ne4ueva [31]

Answer:

B. Power is proportionally spread to top, middle and first line managers

Explanation:

Decentralization is a do of the power structure in an organization or firm, in which the power or authority to make a decision is spread throughout each line or department of the firm or organization.

The main advantage of decentralization is that it allows swift decisions to be taken, and reduces unnecessary bureaucracy.

Hence, the statement that is correct of decentralization is "Power is proportionally spread to top, middle and first-line managers"

8 0
3 years ago
Hi-Tek is a young start-up company. No dividends will be paid on the stock over the next 15 years, because the firm needs to plo
Zolol [24]

Answer:

current share price = $5.40

so correct option is C. $5.40

Explanation:

given data

dividends paid = 15 years

pay = $6 per share

increase = 4%

to find out

current share price

solution

we know that Value after year 15 will be = ( D15 × Growth rate) ÷ (required return - growth rate)     ......................1

put here value

Value after year 15 = \frac{6*(1+0.4)}{0.16 - 0.04}

Value after year 15 = $52

so here  current share price will be

current share price  = Future dividends × Present value of discounting factor

current share price = \frac{6}{(1+0.16)^{16}}+\frac{52}{(1+0.16)^{16}}

current share price = $5.40

so correct option is C. $5.40

4 0
4 years ago
Farber Corporation uses a job-order costing system. The information below is from the financial records of the company for last
Anvisha [2.4K]

Answer:

d) $300,000.

Explanation:

Paticulars Amount

Manufacturing costs + Beginning WIP = Ending WIP + Cost of Goods manufactured  

Let ending WIP be x  

Beginning WIP be 0.75x  

2,500,000 + 0.75x = x + 2,425,000  

2,500,000 - 2,425,000 = x - 0.75x  

75,000 = 0.25x  

x = 300,000

Therefore, The Work in Process inventory at December 31 was $300,000.

4 0
3 years ago
You have a 12 piece cake, you divide for Vanessa because she says the ran out of lemon loaf at starbucks. Ella gives you 5 piece
Rudik [331]

Answer:

The answer is B.

Explanation:HAve a greAT day

3 0
3 years ago
Read 2 more answers
The law of supply indicates that other things equal:.
Temka [501]

Answer:

The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.

5 0
2 years ago
Other questions:
  • An online clothing boutique decides to install a web or Internet cookie in the browser of each user who visits its site. The pur
    5·1 answer
  • Allocating product cost between cost of goods sold and ending inventory
    13·1 answer
  • Automatic stabilizers tend to: (A) keep money supply at a steady 4 to 6 percent increase annually.(B) adjust pay to cost of livi
    8·1 answer
  • In the long run, money demand and money supply determine
    10·1 answer
  • By how much will gdp change if firms increase their investment by $13 billion and the mpc is 0.9?
    5·1 answer
  • McDonald's "Plan to Win" strategy has added healthy food options to its menu, phased out traditional artery-clogging trans fats,
    8·1 answer
  • "The common stock of One Community Bank is currently selling for $30. The last annual dividend paid was $1.25 per share and the
    5·1 answer
  • The manufacturers of Miracle-Gro have square boxes of the plant food that serve as a flower-pot liner. The customer just puts th
    7·1 answer
  • A company with more production power than is generally utilized for its current production activity can benefit from entering th
    11·1 answer
  • What is the difference in internal and external recruiting
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!