Business, 19.11.2019 04:31 tbixler2021

Matrix inc. borrowed $1,000,000 at 8% to finance the construction of a new building for its own use. construction began on january 1, 2016 and was completed on october 31, 2016. expenditures related to this building were: january 1$252,000 (includes cost of purchasing land of $150,000) may 1310,000 july 1420,000 october 31276,000 in addition, matrix had additional debt (unrelated to the construction) of $500,000 at 9% and $800,000 at 10%. all debt was outstanding for the entire year. required: 1. compute the amount of interest capitalized, related to the construction of the building. 2. if the expenditures are assumed to have been incurred evenly throughout the year, compute the weighted average accumulated expenditures.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:30

Afreezer manufacturer might purchase sheets of steel, wiring, shelving, and so forth, as part of its final product. this is an example of what sub-classification of business market?

Answers: 1

Answer

Business, 22.06.2019 00:40

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Answers: 3

Answer

Business, 22.06.2019 02:00

Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:

Answers: 2

Answer

Business, 22.06.2019 05:20

Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?

Answers: 2

Answer

You know the right answer?

Matrix inc. borrowed $1,000,000 at 8% to finance the construction of a new building for its own use....

Questions