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Bonita Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6300000 on March 1, $5260000 on
Bonita Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6300000 on March 1, $5260000 on June 1, and $8450000 on December 31. Bonita Industries borrowed $3180000 on January 1 on a 5-year, 10\% note to help finance construction of the building. In addition, the company had outstanding all year a 8%,3-year. $6410000 note payable and an 9%,4 year, $12150000 note payable. What are the weighted-average accumulated expenditures? $9720000$11560000$20010000$8318333
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