Business, 31.07.2019 03:30 cathydaves

During 20x1, clark company manufactured equipment for its own use at a total cost of $2,400,000. the project required the entire year to complete and all costs were incurred uniformly throughout the year. at the beginning of the period, clark was able to borrow $1,500,000 at 6% specifically for the purchase of materials and the manufacture of the equipment. the entire debt, with interest was repaid on december 31, 20x1, replaced with a long-term loan. throughout 20x1, clark company had additional debt of $1,000,000 with a weighted average interest rate of 7%. if clark company capitalizes the maximum amount of interest allowable under gaap, how much will clark report as interest expense in 20x1?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:30

Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisions involving police practice. be sure to explain how math is used in police as they work through each scenario.

Answers: 1

Answer

Business, 22.06.2019 17:10

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)

Answers: 3

Answer

Business, 22.06.2019 19:00

Which of the following would cause a shift to the right of the supply curve for gasoline? i. a large increase in the price of public transportation. ii. a large decrease in the price of automobiles. iii. a large reduction in the costs of producing gasoline

Answers: 1

Answer

Business, 22.06.2019 20:30

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.

Answers: 3

Answer

You know the right answer?

During 20x1, clark company manufactured equipment for its own use at a total cost of $2,400,000. the...

Questions