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Marigold Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,836,000 on March 1,$1,236,000 on
Marigold Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,836,000 on March 1,$1,236,000 on June 1 , and $3,076,000 on December 31. Marigold Company borrowed \$1,187,000 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, $2,194,000 note payable and an 11%,4-year, $3,304,000 note payable. Compute avoidable interest for Marigold Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weighted-average interest rate to 4 decimal places, e.g. 0.2152 and final answer to 0 decimal places, e.g. 5,275.) Avoidable interest $ Kingbird Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $2,040,000 on March 1,$1,320,000 on June 1 , and $3,051,830 on December 31. Kingbird Company borrowed $1,040,720 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, $2,324,600 note payable and an 11%,4-year, $3,389,200 note payable. Compute the weighted-average interest rate used for interest capitalization purposes. (Round answer to 2 decimal places, e.g. 7.58\%.) Weighted-average interest rate % Metlock Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,908,000 on March 1, $1,308,000 on June 1, and $3,015,990 on December 31. Compute Metlock's weighted-average accumulated expenditures for interest capitalization purposes. Weighted-average accumulated expenditures $
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