Business, 20.11.2019 23:31 loloi83

Arlington company is constructing a building. construction began on january 1 and was completed on december 31. expenditures were $6,400,000 on march 1, $5,280,000 on june 1, and $8,000,000 on december 31. arlington company borrowed $3,200,000 on january 1 on a 5-year, 12% note to finance construction of the building. in addition, the company had outstanding all year a 10%, 3-year, $6,400,000 note payable and an 11%, 4-year, $12,000,000 note payable. a. what is the weighted-average interest rate used for interest capitalization purposes? (why is the $3,200,000, 5-year, 12% note not included in calculations? )a. 11%b. 10.85%c. 10.5%d. 10.65%b. what is the avoidable interest for arlington company? a. $384,000b. $1,236,820c. $438,682d. $939,220c. what is the actual interest for arlington company? a. $2,344,000b. $2,376,000c. $1,960,000d. $939,220d. what amount of interest should be charged to expense? a. $1,020,778b. $1,960,000c. $1,404,780d. $1,107,178

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Arlington company is constructing a building. construction began on january 1 and was completed on d...

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