In a perpetual inventory system, inventory is initially recorded at _____

Thornton Industries began construction of a warehouse on July 1, 2016. The project was completed on March 31, 2017. No new loans

igomit [66]

Answer:

THORNTON INDUSTRIES

AMOUNT OF INTEREST TO BE CAPITALIZED FOR THE YEAR ENDED DECEMBER 31, 2016 AND 2017

2016

July 1 - Dec 31 $400,000 *4.8%*6/12 = $9,600

Sep 30 - Dec 31 $600,000*4.8%*3/12 = $7,200

Nov 30 - Dec 31 $600,000*4.8%*1/12 = $2,400

Total Interest for 2016  $19,200

2017

Jan 1 - Dec 31 $1,600,000*4.8% = $76,800

Jan 30 - Dec 31 $540,000*4.8%*11/12 = 23,760

Total interest for the year 2017 $100,560

weightred average cost of capital =

$2,000,000*8% + $8,000,000*4%

$2,000,000 + $8,000,000

= 160,000 + 320,000

10,000,0000

=$480,000 / 10,000,000 = 0.048 = 4.8%

Explanation:

Interest to be capitalized on construction expenditure will be interest on the amount borrowed to finance such construction. the interest will be from commencement of the construction to the cessation period

6 0

3 years ago

Bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage o

Nataly [62]

Bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.

<h3>What is meant by international trade?</h3>

This is the term that is used to refer to the trade that is carried out between two different nations.

It is when the nations are able to engage in buying and selling the goods that they have in their home countries and taking the ones that they do not have from other countries.

Hence we can say that bringing products and services to consumers in the u.s. that were previously available only in other countries is an advantage of: international trade.

Read more on international trade here: brainly.com/question/15115779

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8 0

2 years ago

Several of the readings highlight the differences between firms in realizing IT value. What do you think are the biggest factors

jeyben [28]

Several of the readings highlight the differences between firms in realizing IT value. The biggest factors in creating these differences are growth prospects , earning history , location, concentration, staff and management, reputation etc.

Growth prospects - this factor looks at how much potential the business has to grow in the future.

Earning history - In earning history, income is a major factor in valuation of any business.

The importance of IT value is the first way to increase value is simply to increase the speed you deliver the kind of value people are willing to, offer better quality.

Learn more about IT here

brainly.com/question/13171394

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7 0

2 years ago

During September 2022, Carla Vista Diner’s total liabilities decreased by $69000 and its stockholders’ equity increased by $1000

Over [174]

Answer:

assets reduced by $59,000

Explanation:

To solve the problem we use the accounting formula.

Asset= Total liabilities + owner's equity

Since we are dealing with change in asset, liability, and equity

Change in asset = change in liability + change in owner's equity

Change in asset= -69,000 + 10,000

Change in asset= - 59,000

This implies that the company's assets reduced by $59,000

3 0

3 years ago

Austin's total fixed cost is $3,600. Austin employs 20 workers and pays each worker $60. The average product of labor is 30, and

Lorico [155]

Answer:

$5

Explanation:

The marginal cost is the increase or decrase in total production cost if output is increased by one more unit. The formula to obtain the marginal cost is change in costs/change in quantify.

MC= ´TC/ ´Q

Where:

´=Change

TC= Total cost

Q= quantity

If the price you charge per unit is greater than the marginal cost of producing one more unit, then you should produce that unit

6 0

3 years ago

In a perpetual inventory system, inventory is initially recorded at ______.