Business, 18.12.2019 02:31 Misspaige4453

On january 1, 2016, randolf company signed a contract to have rory associates construct a manufacturing facility at a cost of $14,000,000. it was estimated that it would take three years to complete the project. also on january 1, 2016, to finance the construction cost, randolf borrowed $14,000,000 payable in seven annual installments of $2,000,000 plus interest at the rate of 9%. during 2016, randolf made progress payments totaling $5,000,000 under the contract, and the average amount of accumulated expenditures was $3,000,000 for the year. the excess borrowed funds were invested in short-term securities, from which randolf realized investment income of $330,000. what amount should randolf report as capitalized interest at december 31, 2016?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 19:30

Consider the following ethical argument. which of the three statements represents the moral statement about a moral principle? statement 1: a dealership advertised a car at a very low price, but only had a similar higher priced model in stock. statement 2: it is wrong to perform a bait and switch. statement 3: the dealership was wrong to advertise the car on special sale when in actually it was not available.

Answers: 3

Answer

Business, 21.06.2019 22:40

Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.

Answers: 2

Answer

Business, 22.06.2019 10:50

You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the project’s life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.

Answers: 3

Answer

Business, 22.06.2019 11:10

How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)

Answers: 1

Answer

You know the right answer?

On january 1, 2016, randolf company signed a contract to have rory associates construct a manufactur...

Questions

Business, 27.04.2021 14:50

Albert owns 100 acres of land on which he grows spruce trees. His adjusted basis for the land is $100,000. He receives condemnation proceeds of $10,00...