Business, 29.01.2021 16:40, starfox5454
Ayayai Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $3,000,000 on January 1, 2020. Ayayai expected to complete the building by December 31, 2020. Ayayai has the following debt obligations outstanding during the construction period.
Construction loan-12% interest, payable semiannually, issued December 31, 2019 $1,200,000
Short-term loan-10% interest, payable monthly, and principal payable at maturity on May 30, 2021 840,000
Long-term loan-11% interest, payable on January 1 of each year. Principal payable on January 1, 2024 600,000
(a) Assume that Ayayai completed the office and warehouse building on December 31, 2020, as planned at a total cost of $3,120,000, and the weighted average amount of accumulated expenditures was $2,160,000. Compute the avoidable interest on this project. (Use interest rates rounded to 4 decimal places, e. g. 7.5825% for computational purposes and round final answers to O decimal places, e. g. 5,275.) Avoidable Interest $.
Answers: 1
Business, 22.06.2019 08:50, sandram74691
Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u. s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize
Answers: 3
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