On december 31, 2019, main inc. borrowed $3,000,000 at 12% payable annually to finance the construction of a new building. in 2020, the company made the following expenditures related to this building: march 1, $360,000; june 1, $600,000; july 1, $1,500,000; december 1, $1,500,000. the building was completed in february 2021. additional information is provided as follows.
1. other debt outstanding
10-year, 13% bond, december 31, 2013, interest payable annually $4,000,000
6-year, 10% note, dated december 31, 2017, interest payable annually $1,600,000
2. march 1, 2020, expenditure included land costs of $150,000
3. interest revenue earned in 2020 $49,000
determine the amount of interest to be capitalized in 2020 in relation to the construction of the building.
the amount of interest $
show list of accounts
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 03:30, binodkharal2048
When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations
Answers: 2
Business, 22.06.2019 09:40, Xavier8247
The wall street journal reported that walmart stores inc. is planning to lay off 2,300 employees at its sam's club warehouse unit. approximately half of the layoffs will be hourly employees (the wall street journal, january 25-26, 2014). suppose the following data represent the percentage of hourly employees laid off for 15 sam's club stores. 55 56 44 43 44 56 60 62 57 45 36 38 50 69 65 (a) compute the mean and median percentage of hourly employees being laid off at these stores. (b) compute the first and third quartiles. (c) compute the range and interquartile range. (d) compute the variance and standard deviation. (e) do the data contain any outliers? (f) based on the sample data, does it appear that walmart is meeting its goal for reducing the number of hourly employees?
Answers: 1
Business, 22.06.2019 17:00, justyne2004
Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?
Answers: 1
Do you know the correct answer?
On december 31, 2019, main inc. borrowed $3,000,000 at 12% payable annually to finance the construct...
Questions in other subjects:
Geography, 28.07.2019 10:30
Mathematics, 28.07.2019 10:30
History, 28.07.2019 10:30
History, 28.07.2019 10:30
History, 28.07.2019 10:30
