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
xxMikexx [17]
2 years ago
12

On January 1, 2021, the Shagri Company began construction on a new manufacturing facility for its own use. The building was comp

leted in 2022. The only interest-bearing debt the company had outstanding during 2021 was long-term bonds with a book value of $11,200,000 and an effective interest rate of 10%. Construction expenditures incurred during 2021 were as follows: January 1 $ 620,000 March 1 672,000 July 31 552,000 September 30 720,000 December 31 420,000 Required: Calculate the amount of interest capitalized for 2021.
Business
1 answer:
Alona [7]2 years ago
4 0

Answer: $159,000

Explanation:

First find out the accumulated expenditure.

You do this by adding up the expenditures of the different months. These expenditures will be weighted by the number of months they were incurred for the year:

= (620,000 * 12/12 months) + (672,000 * 10/12) + (552,000 * 5/12) + (720,000 * 3/12) + (420,000 * 0/12)

= $1,590,000

Amount of interest capitalized = Accumulated expenditure * interest rate

= 1,590,000 * 10%

= $159,000

You might be interested in
n investor is considering a $10,000 investment in a start-up company. She estimates that she has probability 0.39 of a $23,000 l
alexdok [17]

Answer:

The expected profit is -$13,162.

I would not recomend the investor to make this investment.

Explanation:

The expected profit can be calculated multypling the probabilities of every outcome and the profit of each outcome, and substracting the total invevstment.

The outcomes are:

1) probability 0.39 of a $23,000 loss,

2) probability 0.24 of a $8700 profit,

3) probability 0.12 of a $31,000 profit, and

4) probability 0.25 of breaking even

NOTE: It is assumed that the outcomes does not include the initial investment.

Then, the expected profit of this investment is:

E(P)=[0.39*(-23,000)+0.24*8,700+0.12*31,000+0.25*0]-10,000\\\\E(P)=[-8,970+2,088+3,720+0]-10,000\\\\E(P)=-3,162-10,000\\\\E(P)=-13,162

6 0
3 years ago
Does the temporal difference learning of optimal utility values (U) require knowledge of the transition probability tables
zhuklara [117]

Answer:

No

Explanation:

Temporal difference or some times written as TD learning process may be defined as an approach to learning that describes how to predict a given  quantity which depends on the future values for a given signal.

TD or temporal difference learning does not require the knowledge of transition probability tables. It only requires the knowledge of state and action plan. It also does not require the knowledge of reward function.

8 0
2 years ago
You only have $10 to spend for the week. You decide to spend $8 on a movie instead of buying an $8 pizza. a. What is the scarce
Ahat [919]
A) money is the scarce resource because you only have enough money for one item
B) movie or pizza
C)?
8 0
3 years ago
T Company expects to incur the following per unit costs for 1,000 units of production: Direct materials of 4 pounds per unit at
Vladimir [108]

Answer:

Total overhead =  = $7,500

so here correct option is E. $7,500

Explanation:

given data

production = 1,000 units

direct labor = ¼ hour @ $24 per hour

variable overhead = 75 % of direct labor

fixed overhead = $3,000

to find out

total amount of overhead

solution

we first find Direct labor that is

Direct labor = ¼ × 24

Direct labor = $6

so

Total overhead will be here

Total overhead = Variable overhead + Fixed overhead     .................1

now put here value we get

Total overhead = ($6 ×  75% ) × 1,000 + $3,000

so

Total overhead =  = $7,500

so here correct option is E. $7,500

8 0
2 years ago
In your own words what is demand
Step2247 [10]

Answer:

telling somone to a specifc thing. it can be good or bad

Explanation:

7 0
2 years ago
Other questions:
  • One year ago, you purchased a stock at a price of $32 a share. Today, you sold the stock and realized a total return of 14.62 pe
    14·1 answer
  • A concurrent condition occurs when each party's performance is conditioned on the performance of the other.
    8·1 answer
  • Marcus has recently been asked to conduct a Feasibility Analysis for automating a process in his organization. In this regard, h
    7·1 answer
  • What is the name of the diagram that shows physical needs must be met befroe all other needs and wants?
    8·1 answer
  • Select the correct answer.
    12·1 answer
  • State two ways by which hotels may promote sales during the off season​
    11·1 answer
  • Plant-wide, department, and activity-cost rates. Acclaim Inc. makes two styles of trophies, basic and deluxe, and operates at ca
    5·1 answer
  • How do ethics and law govern how businesses conduct themselves ?
    8·1 answer
  • The ability to include demand, capacity, material requirements, and constraints in defining alternatives is referred to as _____
    13·1 answer
  • Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!