Homework Answers
Answer:
| Weighted average interest rate of all other debt | |||
| Debt | Amount($) | Interest rate | Interest amount($) |
| 10% Note | 22,43,100 | 10% | 2,24,310 |
| 11% Note | 33,64,500 | 11% | 3,70,095 |
| Totals | 56,07,600 | 5,94,405 | |
| Weighted average rate (total interests/ total debt)=594,405/56,07,600 =10.60% | |||
Add Answer to:
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 10-03 Wildhorse Company is constructing a building....
Brief Exercise 10-03 Your answer is incorrect. Try again. Wildhorse Company is constructing a building. Co...
Brief Exercise 10-03
Your answer is incorrect. Try again.
Wildhorse Company is constructing a building. Construction began
on February 1 and was completed on December 31. Expenditures were
$1,980,000 on March 1, $1,260,000 on June 1, and $3,040,930 on
December 31.
Wildhorse Company borrowed $1,078,330 on March 1 on a 5-year, 12%
note to help finance construction of the building. In addition, the
company had outstanding all year a 9%, 5-year, $2,012,400 note
payable and an 10%, 4-year, $3,382,000 note...
Pearl Company is constructing a building. Construction began on February 1 and was completed on December...
Pearl Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,028,000 on March 1, $1,308,000 on June 1, and $3,091,450 on December 31. Pearl Company borrowed $1,082,890 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,243,100 note payable and an 11%, 4-year, $3,364,500 note payable. Compute the weighted average interest rate used for...
Wildhorse Company is constructing a building. Construction began on February 1 and was completed on December...
Wildhorse Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,824,000 on March 1, $1,224,000 on June 1, and $3,030,540 on December 31. Wildhorse Company borrowed $1,082,950 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 9%, 5-year, $2,046,800 note payable and an 10%, 4-year, $3,555,500 note payable. Compute the weighted-average interest rate used for interest...
Larkspur Company is constructing a building. Construction began on February 1 and was completed on December...
Larkspur Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,028,000 on March 1. $1,308,000 on June 1, and $3,003.740 on December 31. Compute Larkspur's weighted average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures $
Brief Exercise 10-04 Whispering Company is constructing a building. Construction began on February 1 and was...
Brief Exercise 10-04 Whispering Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $3,960,000 on March 1, $2,640,000 on June 1, and $6,600,000 on December 31. Whispering Company borrowed $2,200,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $4,400,000 note payable and an 11%, 4-year, $7,700,000 note payable. Compute avoidable interest for whispering...
Brief Exercise 10-04 Stellar Company is constructing a building. Construction began on February 1 and was...
Brief Exercise 10-04 Stellar Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,980,000 on March 1, $1,320,000 on June 1, and $3,300,000 on December 31. Stellar Company borrowed $1,100,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,200,000 note payable and an 11%, 4-year, $3,850,000 note payable. Compute avoidable interest for Stellar...
Brief Exercise 10-2 Bramble Company is constructing a building Construction began on February 1 and was...
Brief Exercise 10-2 Bramble Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $2,064,000 on March 1, $1,212,000 on June 1, and $3.092,500 on December 31. Compute Bramble's weighted average accumulated expenditures for interest capitalization purposes Weighted Average Accumulated Expenditures
Brief Exercise 10-04 X Your answer is incorrect. Try again. Pronghorn Company is constructing a building....
Brief Exercise 10-04 X Your answer is incorrect. Try again. Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31 Expenditures were $3,600,000 on March 1, $2,400,000 on June 1, and $6,000,000 on December 31 Pronghorn Company borrowed $2,000,000 on March 1 on a 5-year, 12 % note to help finance construction of the building. In addition, the company had outstanding all year a 8 %, 5-year, $4,000,000 note payable and an 11...
Sheffield Company is constructing a building. Construction began on February 1 and was completed on December...
Sheffield Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,872,000 on March 1, $1,272,000 on June 1, and $3,056,400 on December 31. Sheffield Company borrowed $1,174,000 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,151,700 note payable and an 11%, 4-year, $3,326,100 note payable. Compute the weighted-average interest rate used for interest...
Vaughn Company is constructing a building. Construction began on February 1 and was completed on December...
Vaughn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,004,000 on March 1, $1,284,000 on June 1, and $3,024,560 on December 31. Vaughn Company borrowed $1,101,510 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,417,700 note payable and an 11%, 4-year, $3,702,800 note payable. Compute the weighted-average interest rate used for interest...
Brief Exercise 10-03
Your answer is incorrect. Try again.
Wildhorse Company is constructing a building. Construction began
on February 1 and was completed on December 31. Expenditures were
$1,980,000 on March 1, $1,260,000 on June 1, and $3,040,930 on
December 31.
Wildhorse Company borrowed $1,078,330 on March 1 on a 5-year, 12%
note to help finance construction of the building. In addition, the
company had outstanding all year a 9%, 5-year, $2,012,400 note
payable and an 10%, 4-year, $3,382,000 note...
Pearl Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,028,000 on March 1, $1,308,000 on June 1, and $3,091,450 on December 31. Pearl Company borrowed $1,082,890 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,243,100 note payable and an 11%, 4-year, $3,364,500 note payable. Compute the weighted average interest rate used for...
Larkspur Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,028,000 on March 1. $1,308,000 on June 1, and $3,003.740 on December 31. Compute Larkspur's weighted average accumulated expenditures for interest capitalization purposes. Weighted-Average Accumulated Expenditures $
Brief Exercise 10-04 Whispering Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $3,960,000 on March 1, $2,640,000 on June 1, and $6,600,000 on December 31. Whispering Company borrowed $2,200,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $4,400,000 note payable and an 11%, 4-year, $7,700,000 note payable. Compute avoidable interest for whispering...
Brief Exercise 10-2 Bramble Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $2,064,000 on March 1, $1,212,000 on June 1, and $3.092,500 on December 31. Compute Bramble's weighted average accumulated expenditures for interest capitalization purposes Weighted Average Accumulated Expenditures
Brief Exercise 10-04 X Your answer is incorrect. Try again. Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31 Expenditures were $3,600,000 on March 1, $2,400,000 on June 1, and $6,000,000 on December 31 Pronghorn Company borrowed $2,000,000 on March 1 on a 5-year, 12 % note to help finance construction of the building. In addition, the company had outstanding all year a 8 %, 5-year, $4,000,000 note payable and an 11...
Most questions answered within 3 hours.
-
What is the net ionic equation for the reaction that would occur
when an aqueous solution...
asked 2 hours ago -
A
student bought $1000 worth of furniture. What is the equivalent
annual cost if it is...
asked 2 hours ago -
What taboo subject did Ida B. Wells suggest was consensual
between black men and white women?...
asked 4 hours ago -
You have just been hired by the EPA to help with the new gas
mileage standards...
asked 5 hours ago -
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 5 hours ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 7 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 8 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 8 hours ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 8 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 8 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 9 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 9 hours ago