Average accumulated expenditures for the warehouse

Assignment Help Accounting Basics

Reference no: EM13136800

Liddy Corp. began constructing a new warehouse for its operations during the current year. In the year Liddy incurred interest of $20,000 on a working capital loan, and interest on a construction loan for the warehouse of $70,000. Interest computed on the average accumulated expenditures for the warehouse construction was $50,000. What amount of interest should Liddy expense for the year?

Reference no: EM13136800

Questions Cloud

Concept of unit contribution margin : If fixed costs are $700.000 and the unit contribution margin is $14, what amount of units must be sold in order to realize an operating income of $100.000

Urban community in arizona : Determine whether the following issues are associated with a rural, suburban, or urban community in Arizona. Your answers may be a mix of two or all three.

Show the complete anova table for test : The null hypothesis is to be tested at 95% confidence. Determine the critical value for this test. What do you conclude?

Describe what phineas gage''s accident revealed : Describe what Phineas Gage's accident revealed about how brain areas support cognitive function.

Average accumulated expenditures for the warehouse : Interest computed on the average accumulated expenditures for the warehouse construction was $50,000. What amount of interest should Liddy expense for the year?

What is the molarity of the naoh : if 1.205 g of KHP required 25.25 mL of NaOH solution for complete neutralization, what is the molarity of the NaOH sodium hydroxide solution?

How might the nature of the business affect your decision : Imagine you are preparing a business's cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision? Provide specific examples in your response.

Find the expected number of audits for individuals : What is the expected number of audits for the 6 randomly selected individuals? What is the standard deviation for the number of audits for the 6 randomly selected individuals?

What is the percent by mass of sugar : A sugar-water mixture contains 45.8 g of sugar and 108.5 g of water. What is the percent by mass of sugar and the percent by mass of water in the solution?

User Account

All Pages