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Calculate the cumulative weighted average expenditures

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Problem 1: The Hometown Village Construction Company had the following expenditures during the current year. On May 1, they paid $7,500,000 and on September 15, they paid $4,250,000. Using the number of days, calculate the cumulative weighted average expenditures for the year. Note: please give an explanation for the answer.

Reference no: EM132957998

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