On January a company began construction of a new warehouse. The building was finished and ready for use on September Expenditures on the project were as follows:
January $
September $
December $
March $
September $
The company had $ in bonds outstanding through both years.
The average accumulated expenditures for by the end of the construction period was:
Multiple Choice
$
$
Incorrect
$
$
SIMILAR SOLUTION I SAW ELSEWHERE WAS THIS Working Notes:
Calculate the weighted average accumulated expenditures:
Year : WeightedAverage accumulated expenditure
Date
Amount
Capitalization period
Weighted Average Accumulated Expenditures
Jan
$
$
Sep
$
$
Dec
$
$
Total
$
$
Therefore, the weighted average accumulated expenditures is ascertained.
Explanation:
Weighted average accumulated expenditure is calculated by multiplying the expenditures of the product with the capitalization period. BUT IT WASN'T FOR do not use chatgpt and make sure its exact answer as the four multiple choice. everyone is doing it wrong.