How much interest does knope capitalize

Assignment Help Accounting Basics
Reference no: EM132953499

Question - Hydroflask makes the expenditures listed below on the dates listed below for a self-constructed asset. She takes out a $700,000 loan for this project at 8 percent. She also has a 2,000,000 loan at 4 percent and a 1,000,000 loan at 7 percent.

She has the following expenditures:

720,000 on May 1, 2020

600,000 on September 1, 2020

500,000 on February 1, 2021

Required -

Construction ends September 30, 2021?

How much interest does Knope capitalize in 2021?

Reference no: EM132953499

Questions Cloud

Find the amount available in this fund after ten years : The fund will earn interest at the rate of 6% per year, compounded quarterly. Find the amount available in this fund after 10 years.
Compute the accounts receivable turnover : End of year (allowance for losses and discounts, 2011-$11,180; 2010-$12,300) $220,385 $240,360. Compute the accounts receivable turnover
What must be the expected rate of return on company stock : If its dividend is expected to grow at a constant rate of 5 percent, what must be the expected rate of return on the company's stock?
What the future value of money after twelve months is : You decide to put $12,000 in a money market fund that pays interest. Using it as the growth rate, the future value of money after twelve months is?
How much interest does knope capitalize : She also has a 2,000,000 loan at 4 percent and a 1,000,000 loan at 7 percent. How much interest does Knope capitalize in 2021
What is the maximum balance and reorder point : Company A projects cash outflows to exceed inflows by $3 million over the first four months of the year. What is the maximum balance and reorder point
Find how much should pay for bond : With a face value of $1000, it will mature after 10 years. If you require a return of 12% from this bond, how much should you pay for it?
What is merced taxable income : Question - In 2020, Merced, Inc. (a C-corporation) had net operating income of $20,000. What is Merced's taxable income for 2020
Calculate market price and the yield to maturity : Calculate their market price and the yield to maturity. Albert Company bonds, with current yield 12%, will mature after 10 years.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the predetermined manufacturng overhead rate

Actual machine hours are 90,000. If Lisa Inc. allocates overhead based on direct labor hours, what is the predetermined manufacturng overhead rate

  Financial accounting and managerial accounting

Distinguish between financial accounting and managerial accounting as to user groups and time horizons. Why should the chief accountant of an organization have a clear understanding of both financial and managerial account?

  Why is it more important to compare ratios to competitors

When analyzing a company, why is it more important to compare the ratios to competitors or to the company's previous history?

  Wasson company purchased items of inventory as follows dec

wasson company purchased items of inventory as follows dec. 2 50 units 20 dec. 12 12 units 21 wasson sold 15 units on

  What will be the amount of depreciation expense

On Jan 1st, 2006, a company purchased a fixed asset for $40,034, with a residual value of $4,338, What will be the amount of depreciation expense for 2009

  How did CVS health reflect the goodwill impairment

How did CVS health reflect the 2018 goodwill impairment in its income statement and cash flow statement

  What amount will be debited in the december

What amount will be debited in the December 31, 2005 worksheet elimination for the machine account as a result of this transaction

  What method does the company use to value its inventory

What method does the company use to value its inventory? What other alternatives are available under IFRS?

  Make inventory will be reported at the amount

Soho Corporation of Britain is 100% owned subsidiary of Pluto Corporation, Make Inventory will be reported at the amount on remeasured financial statements

  How much is the consignment sales revenue

How much is the consignment sales revenue? How much is the profit on consignment? Total amount to be remitted to consignor?

  What is the cost to retail ratio

Arrow Corporation uses the conventional retail inventory method to value its merchandise inventory. What is the cost to retail ratio

  Determine the payback period for each project calculate

the sanders electric company is evaluating two projects for possible inclusion in the firms capital budget. project m

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd