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Please calculate the avoidable interest. Thank you Question 25 On March 1, Cynthia Co. began construction of a small building. The following expenditures were incurred
Please calculate the avoidable interest. Thank you Question 25 On March 1, Cynthia Co. began construction of a small building. The following expenditures were incurred for construction: March 1 April 1 May 1 June 1 July 1 $312,000 251,000 729,000 1,149,000 388,000 The building was completed and occupied on July 1. To help pay for construction $212,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Calculate the weighted average accumulated expenditures. (Do not leave any answer field blank. Enter o for amounts.) Weighted Average Accumulated Expenditure Date Expenditures Capitalization Period $312,000 10/12 March 1 260000 April 1 251,000 9/12 188250 May 1 729,000 8/12 486000 June 1 1,149,000 670250 hp The building was completed and occupied on July 1. To help pay for construction $212,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Calculate the weighted average accumulated expenditures. (Do not leave any answer field blank. Enter o for amounts.) Date Weighted-Average Accumulated Expenditure March 1 260000 April 1 188250 Expenditures Capitalization Period $312,000 10/12 251,000 9/12 729,000 8/12 1,149,000 7/12 388,000 6/12 May 1 486000 June 1 670250 July 1 194000 1798500 Attempts: 1 of 1 used hp field blank. Enter o for amounts.) Date Capitalization Period Weighted-Average Accumulated Expenditure Expenditures $312,000 March 1 10/12 $ 260000 April 1 251,000 9/12 V 188250 May 1 729,000 8/12V 486000 June 1 1,149,000 7/12 v 670250 July 1 388,000 6/12 194000 1798500 Attempts: 1 of 1 used (b) Calculate avoidable interest. (Round answer to o decimal places, e.g. 12,515.) Avoidable interest Attempts: 0 of 1 used
Please calculate the avoidable interest. Thank you
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