Swifty Corporation is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6340000 on March 1, $5260000 on June 1, and $8950000 on December 31. Swifty Corporation borrowed $3200000 on January 1 on a 5-year, 14% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 3-year, $6380000 note payable and an 13%, 4-year, $12050000 note payable. What are the weighted-average accumulated expenditures

Respuesta :

Answer:

The weighted-average accumulated expenditures is $7,913,333.

Explanation:

Note: See the attached excel file for the calculation of the  the weighted-average accumulated expenditures.

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