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In February 2024, Cullumber Corp. began the construction of a 10-storey building. The construction is expected to be completed by January 2025. During 2024,
In February 2024, Cullumber Corp. began the construction of a 10-storey building. The construction is expected to be completed by January 2025. During 2024, the following payments were made: Apr. 1: $1,010,000 Jun. 1: $1,500,000 Aug. 1: $840,000 Oct. 1: $890,000 No asset specific debt was incurred. During 2024, Cullumber's general debt consisted of the following: $1.8 million, 5%, 2-year note, $1.1 million, 4.5%, 2-year note, $0.50 million, 3%, 5-year note. (a) Your answer has been saved. See score details after the due date. Calculate the weighted-average accumulated expenditures for the year ended December 31, 2024. (Round answer to O decimal places, e.g. 5,275. Do not round intermediate calculations.) (b) Weighted-average accumulated expenditures $ 2205000 Attempts: 1 of 1 used Calculate the weighted-average capitalization rate on Cullumber's general-purpose debt for the year ended December 31, 2024. (Round answer to 2 decimal places, e.g. 15.25%.) (c) Weighted-average capitalization rate Save for Later % Attempts: 0 of 1 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above.
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