On january 1, 2021, the company obtained a $3 million construction loan with a 12% interest rate. assume the $3 million loan is not specifically tied to construction of the building. the loan was outstanding all of 2021 and 2022. the company’s other interest-bearing debt included two long-term notes of $5,400,000 and $7,400,000 with interest rates of 6% and 8%, respectively. both notes were outstanding during all of 2021 and 2022. interest is paid annually on all debt. the company’s fiscal year-end is december 31.
required: 1. calculate the amount of interest that mason should capitalize in 2021 and 2022 using the weighted-average method.2. what is the total cost of the building? 3. calculate the amount of interest expense that will appear in the 2021 and 2022 income statements.
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Some years ago it was estimated that the demand for steel approximately satisfied the equation p=194-25x x, and the total cost of producing x units of steel was upper c left parenthesis x right parenthesis equals 145 plus 40 x. (the quantity x was measured in millions of tons and the price and total cost were measured in millions of dollars.) determine the level of production and the corresponding price that maximize the profits.
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On january 1, 2021, the company obtained a $3 million construction loan with a 12% interest rate. as...
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