Question
Turkey Incorporated began constructing a building on the 1 st of January and completed construction on the 31 st of December, of the same year.
Turkey Incorporated began constructing a building on the 1st of January and completed construction on the 31st of December, of the same year. Costs on the construction during this one-year period were as follows:
March 1 $3,200 August 1 2,500 Dec 31 4,000
On January 1, Turkey borrowed $1,600 to finance the construction. They signed a 5-year, 12% note when they borrowed the money. Additional debt Turkey owed during the entire year included a 10%, 3-year, $1,000 note and an 11%, 4-year, $1,500 note. Round intermediate calculations to whole dollars.
What are the weighted average accumulated expenditures?
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