subject
Business, 17.04.2020 00:04 jodiconklin2358

Sylvester Co. takes out a 12% loan of $500,000 on 1/1/year 4 to finance construction of a building for the company’s own use. Construction begins immediately, and $600,000 is spent on the construction at an even pace during year 4. Another $400,000 is spent at an even pace during year 5, with construction completed on 12/31/year 5. No other construction loans are taken out. Sylvester incurred unrelated interest expenses of $10,000 and $15,000 in year 4 and year 5, respectively, on loans that bear interest at 10%. How much interest can Sylvester capitalize in year 4 and year 5?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 16:00
Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?
Answers: 1
question
Business, 22.06.2019 19:50
Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.
Answers: 1
question
Business, 22.06.2019 21:10
Acompany has two products: standard and deluxe. the company expects to produce 36,375 standard units and 62,240 deluxe units. it uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools.budgeted activity of cost driver activity cost pool budgeted cost standard deluxe activity 1 $ 93,000 2,500 5,250 activity 2 $ 92,000 4,500 5,500 activity 3 $ 87,000 3,000 2,800 what is the overhead cost per unit for the standard units? what is the overhead cost per unit for the deluxe units? (round activity rate and cost per unit answers to 2 decimal places.)activity expected costs expected activity driver activity rate1 93,000 2 92,000 3 87,000 standard activity activity driver activity rate allocated costs1 2 3
Answers: 2
question
Business, 23.06.2019 00:00
According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.
Answers: 2
You know the right answer?
Sylvester Co. takes out a 12% loan of $500,000 on 1/1/year 4 to finance construction of a building f...
Questions
question
Mathematics, 17.11.2020 01:50
question
Mathematics, 17.11.2020 01:50
question
History, 17.11.2020 01:50
question
Chemistry, 17.11.2020 01:50
Questions on the website: 13722367