Boron co. is a calendar-year firm. on january 1, year 1, it borrowed $8 million at 15% to finance construction of a new building. payments on the loan are to commence the month following completion of the project. during year 1, expenditures for the partially completed building were $4 million. these expenditures were incurred evenly throughout the year. boron had invested the unexpended portion of the loan in a money market fund that generated interest revenue of $300,000 during the year. what should be the amount of capitalized interest disclosed on boron’s year 1 financial statements?

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)

If you owned a restaurant would you manage it yourself or i or someone to manage it for you