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please help on the bottom chart!!! A company constructs a building for its own use Construction began on January 1 and ended on December 30.
please help on the bottom chart!!! A company constructs a building for its own use Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, 5510.000, March 31, 5610.000, June 30, $410,000, October 30, $630,000. To help finance construction, the company arranged a 8% construction loan on January 1 for $720,000. The company's other borrowings, outstanding for the whole year, consisted of a $2 million loan and a $4 million note with interest rates of 10% and 7%, respectively. Assuming the company uses the specific interest method calculate the amount of interest capitalized for the year. (Do not round Intermediate calculations. Round your percentage answers to 2 decimal places (ie. 0.1234 should be entered as 12.34%).) Date Average Weight 12/12 510.000 457.500 January 1 March 31 June 30 October 30 Accumulated expenditures Expenditure 510.000 610.000 410.000 630,000 2 160 000 205.000 2/12 105,000 1,277,500 $ Average Interest Rate Capitalired Interest Average accumulated expenditures 1 277 500
please help on the bottom chart!!!
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