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spin [16.1K]
2 years ago
11

Concord Corporation is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Concord made

payments to the construction company of $3078000 on 7/1, $6384000 on 9/1, and $5950000 on 12/31. Weighted-average accumulated expenditures were
Business
1 answer:
Daniel [21]2 years ago
5 0

Answer:

$3,667,000

Explanation:

Calculation for Weighted-average accumulated expenditures

Weighted-average accumulated expenditures =($3,078,000 × 6/12) + ( $6,384,000× 4/12)

Weighted-average accumulated expenditures =$1,539,000+$2,128,000

Weighted-average accumulated expenditures =$3,667,000

Therefore the Weighted-average accumulated expenditures were $3,667,000

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This is True that In the United States, inflation reached double-digit rates in the 1970s and early 1980s but has since declined and recently, has been relatively mild.

<h3>What is inflation?</h3>

A general increase in the cost of goods and services is referred to as inflation. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.

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Numerous businesses were destroyed and countless people were harmed by the Great Inflation and the recession that followed.

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When the economy's output expands more quickly than the amount of available credit and money, falling prices can also occur spontaneously

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