Answer:
$120,820
Explanation:
The calculation of interest capitalized for 2020 is shown below:-
Date Expenditure Weight Average
02-Jan-20 $607,000 12 ÷ 12 $607,000
01-Sep-20 $1,803,600 4 ÷ 12 $601,200
31-Dec-20 $1,803,600 0 ÷ 12 $-
Accumulated
Expenditures $4,214,200 $1,208,200
Interest Capitalized for 2020 = Total Average × Percentage of construction loan
= $1,208,200 × 10%
= $120,820
So, for computing the interest capitalized for 2020 we simply multiply the total average with percentage of construction loan.
Answer:
the answer is D) all of the above are equally useful in this case
Explanation:
why? every company who is planing to offers a new good or product its important to know to which market you want to sell it, and the average age, either the company who had been working with the same product, perhaps more capacity of production in the same market, you have to do a market strategy to know if you are able to get into the new market.
Answer:
Explanation:
Direct labor and factory overhead
Answer:
A bank account
Explanation:
because your money is kept safe
Answer:
$607,000
Explanation:
False Value Hardware began 2016 with a credit balance of $32,000 in the allowance for sales returns account.
Sales and cash collections from customers during the year were $650,000 and $610,000, respectively.
False Value estimates that 6% of all sales will be returned.
During 2016, customers returned merchandise for credit of $28,000 to their accounts.
False Value's 2016 income statement would report net sales of:
The closing balance in the allowance for sales returns account will be: 32,000 opening balance + 6% 0f 650,000 - sales returns within the year of 28,000 = $43,000
Hence Net Sales will be 650,000 - 43,000 = $607,000
