Business, 22.11.2019 03:31 shybunny7568
Buffalo furniture company started construction of a combination office and warehouse building for its own use at an estimated cost of $10,500,000 on january 1, 2020. buffalo expected to complete the building by december 31, 2020. buffalo has the following debt obligations outstanding during the construction period. construction loan-12% interest, payable semiannually, issued december 31, 2019 $4,200,000 short-term loan-10% interest, payable monthly, and principal payable at maturity on may 30, 2021 2,940,000 long-term loan-11% interest, payable on january 1 of each year. principal payable on january 1, 2024 2,100,000 assume that buffalo completed the office and warehouse building on december 31, 2020, as planned at a total cost of $10,920,000, and the weighted-average amount of accumulated expenditures was $7,560,000. compute the avoidable interest on this project. (use interest rates rounded to 4 decimal places, e. g. 7.5825% for computational purposes and round final answers to 0 decimal places, e. g. 5,275.) avoidable
Answers: 1
Business, 22.06.2019 11:30
Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.
Answers: 2
Business, 22.06.2019 19:30
Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%
Answers: 3
Business, 22.06.2019 20:00
If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability
Answers: 2
Buffalo furniture company started construction of a combination office and warehouse building for it...
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