quiz10 - Jump to Navigation Frame Your location: Home Page...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Jump to Navigation Frame Your location: Home Page Quizzes Chapter 10 Quiz Assessments View All Submissions View Attempt View Attempt 1 of 1 Title: Chapter 10 Quiz Started: October 23, 2009 7:35 PM Submitted: October 23, 2009 8:49 PM Time spent: 01:13:48 Total score: 60/100 = 60% Total score adjusted by 0.0 Maximum possible score: 100 1. Given the following expenditures, calculate the weighted-average accumulated expenditures for the year. Date Amount Jan 1 $500,000 April 1 $400,000 July 1 $1,000,000 Oct 1 $2,000,000 Student Response Value Correct Answer Feedback 1. $3,900,000 2. $1,800,000 100% 3. $900,000 4. 0 General Feedback: 500,000 + 400,000 * 9/12 + 1,000,000 * 6/12 + 2,000,000 * 3/12 Score: 10/10 2.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Given the following other (non-construction) debt, calculate the weighted average interest rate. Assume that the other debt was outstanding for the entire year. $500,000 note payable with an annual interest rate of 12%. $700,000 bonds payable with an annual interest rate of 10% Student Response Value Correct Answer Feedback 1. 12.00% 2. 11.53% 3. 10.83% 100% 4. 10% General Feedback: (500,000 * 12% + 700,000 * 10%) / (500,000 + 700,000) Score: 10/10 3. Given the following information, calculate the avoidable interest: Weighted average accumulated expenditures of $2,500,000 Construction loan of $1,500,000 with an interest rate of 15%
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/12/2010 for the course ACCT ACCT 3367 taught by Professor Kilic during the Spring '10 term at University of Houston.

Page1 / 7

quiz10 - Jump to Navigation Frame Your location: Home Page...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online