mgmt131hw6 - INTERMEDIATE ACCOUNTING CHAPTER 10 GIVEN:...

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INTERMEDIATE AC OUNTING CHAPTER 10 GIVEN: PAYMENT SCHEDULE FEBRUARY 1ST 285,0 0 AUGUST 1ST 320,0 0 DECEMBER 1ST 190,0 0 TOTAL 795,0 0 SPECIFIC CONSTRUCTION DEBT: 12%, 2-YR NOTE, INT PAY AN UAL Y AT DEC 31ST 380,0 0 OTHER DEBT: 10%, 4-YR NOTE, INT PAY AN UAL Y AT DEC 31ST 340,0 0 12%, 4-YR NOTE, INT PAY AN UAL Y AT DEC 31ST 190,0 0 REQUIRED: CALCULATE WEIGHTED AVERAGE AC UMULATED EXPENDITURES CAPITAL W/A AC DATE AMOUNT PERIOD EXPEND FEBRUARY 1ST 285,0 0 1 / 12 261,250 AUGUST 1ST 320,0 0 5/ 12 13 ,3 3 DECEMBER 1ST 190,0 0 1/ 12 15,83 795,0 0 410,417 REQUIRED: CALCULATE AVOIDABLE INTEREST W/A AC INT RATE AVOIDABLE EXPEND INTEREST 380,0 0 12% 45,60 30,417 10.72% 3,260 410,417 48,860 PRINCIPAL INT % INTEREST
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OTHER DEBT 340,0 0 10% 34,0 0 190,0 0 12% 2 ,80 530,0 0 56,80 WEIGHTED AVERAGE INTEREST RATE INTEREST/PRINCIPAL 10.72% REQUIRED: PRINCIPAL INT % ACTUAL CALCULATE ACTUAL INTEREST INTEREST 12%, 2-YR NOTE, INT PAY AN UAL Y AT DEC 31ST 380,0 0 12% 45,60 10%, 4-YR NOTE, INT PAY AN UAL Y AT DEC 31ST
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This note was uploaded on 10/21/2010 for the course ECON 1530 taught by Professor Ohly during the Spring '10 term at Dartmouth.

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mgmt131hw6 - INTERMEDIATE ACCOUNTING CHAPTER 10 GIVEN:...

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