Computer_Problem_3(1)

Computer_Problem_3(1 - $ October 500,000 2/3 $333,333 November 400,000 1/3 $133,333 December 300,000 0/3 $ Total Cash Expenditure 9,000,000 Total

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2010 Expenditure January 300,000 3/3 $300,000 February 400,000 2/3 $266,667 March 500,000 1/3 $166,667 April 600,000 3/3 $600,000 May 700,000 2/3 $466,667 June 800,000 1/3 $266,667 July 900,000 3/3 $900,000 August 1,000,000 2/3 $666,667 September 900,000 1/3 $300,000 October 1,000,000 3/3 $1,000,000 November 900,000 2/3 $600,000 December 1,000,000 1/3 $333,333 Total Cash Expenditure 9,000,000 Total Weighted Average $5,866,667 Total Weighted Average $5,866,667 W-aAE covered by construction loan $3,000,000 12% $360,000 W-aAE covered by other debt $2,866,667 8% $229,333 Avoidable Interest $589,333 3,000,000 12% 3/3 7,000,000 8%
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2010 Expenditure January 1,000,000 2/3 $666,667 February 900,000 1/3 $300,000 March 1,000,000 0/3 $- April 900,000 2/3 $600,000 May 1,000,000 1/3 $333,333 June 900,000 0/3 $- July 800,000 2/3 $533,333 August 700,000 1/3 $233,333 September 600,000 0/3
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Unformatted text preview: $- October 500,000 2/3 $333,333 November 400,000 1/3 $133,333 December 300,000 0/3 $- Total Cash Expenditure 9,000,000 Total Weighted Average $3,133,333 Total Weighted Average $3,133,333 W-aAE covered by construction loan $3,000,000 1.5% $45,000 W-aAE covered by other debt $133,333 2.18% $2,905 Avoidable Interest $47,905 5,000,000 2.00% $100,000 1,000,000 2.50% $25,000 1,000,000 2.75% $27,500 7,000,000 $152,500 Weighted Avg Interest rate of "other debt" 2.18% 5,000,000 2.00% 1/3 33.33% $33,333 1,000,000 2.50% 1/3 33.33% $8,333 1,000,000 2.75% 2/3 66.67% $18,333 4,000,000 1.50% 3/3 100.00% $60,000 11,000,000 Interest Actually Incurred $120,000 Interest Capitalized $120,000 Ocean-Worthy Boat $9,000,000 Cash $9,000,000 Ocean-Worthy Boat $47,905 Interest Expense $72,095 Cash $120,000...
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This note was uploaded on 10/05/2011 for the course ACC 321 taught by Professor Staff during the Spring '08 term at Miami University.

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Computer_Problem_3(1 - $ October 500,000 2/3 $333,333 November 400,000 1/3 $133,333 December 300,000 0/3 $ Total Cash Expenditure 9,000,000 Total

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