Answer: $478,000
Calculations:
January 1,2018 | $321,000 | x | 12/12 | = | $321,000 |
September 1,2018 | $471,000 | x | 4/12 | = | $157,000 |
December 31,2018 | $471,000 | x | 0/12 | = | $0 |
Total | $1,263,000 | $478,000 |
Thus, Dreamworld's average accumulated expenditures for 2018 was $478,000
January 1, 2018 September 1, 2018 December 31, 2018 March 31, 2019 September 30, 2019 $321,000...
On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows: January 1, 2018 $ 311,000 September 1, 2018 $ 453,000 December 31, 2018 $ 453,000 March 31, 2019 $ 453,000 September 30, 2019 $ 311,000 Dreamworld had $5,100,000 in 10% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2018 was: Multiple Choice $622,000. $539,750. $462,000. $311,000.
Question 10 (1 point) On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows: January 1, 2018 $300,000 September 1, 2018 $450,000 December 31, 2018 $450,000 March 31, 2019 $450,000 September 30, 2019 $300,000 Dreamworld had $5,000,000 in 12% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2018 was: $300.000 $450,000 $525,000. $600,000
On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows: January 1, 2018 $ 316,000 September 1, 2018 $ 462,000 December 31, 2018 $ 462,000 March 31, 2019 $ 462,000 September 30, 2019 $ 316,000 Dreamworld had $5,400,000 in 14% bonds outstanding through both years. The average accumulated expenditures for 2019 by the end of the construction period was:
On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2017. Expenditures on the project were as follows: January 1, 2016 $320,000 September 1, 2016 $480,000 December 31, 2016 $480,000 March 31, 2017 $480,000 September 30, 2017 $320,000 Dreamworld had $6,000,000 in 14% bonds outstanding through both years. Dreamworld's capitalized interest in 2016 was: Multiple Choice $44,800. $67,200. $78,400. $89,600.
On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2017. Expenditures on the project were as follows: January 1, 2016 $300,000 September 1, 2016 $450,000 December 31, 2016 $450,000 March 31, 2017 $450,000 September 30, 2017 $300,000 Dreamworld had $5,000,000 in 12% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2016 was: a. $300,000 b. $450,000 c. $525,000 d. $600,000
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