What is actual interest for arlington company

Assignment Help Financial Accounting

Reference no: EM13137935

Arlington Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $4,000,000 on March 1, $3,300,000 on June 1, and $5,000,000 on December 31. Arlington Company borrowed $2,000,000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $4,000,000 note payable and an 11%, 4-year, $7,500,000 note payable. What is the actual interest for Arlington Company?

Reference no: EM13137935

Questions Cloud

Assessing the liquidity of a governmental entity : Which of the following ratios would be most helpful in assessing the liquidity of a governmental entity?

Compute market inventory turnover and days sales : Compute Market’s inventory turnover and days’ sales in inventory. Assume that there are 365 days in the year. (Round your answers to 2 decimal places.)

Company recognizing gross profit : Under the completed contract method, how much should the company recognize as gross profit for 1993?

What is depreciation expense : Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depr..

What is actual interest for arlington company : the company had outstanding all year a 10%, 3-year, $4,000,000 note payable and an 11%, 4-year, $7,500,000 note payable. What is the actual interest for Arlington Company?

University of ballarat general guide : All written work must conform with the University of Ballarat General Guide for the Presentation of Academic Work.

Computing the heat transfer rate : Calculating the heat transfer rate and the rate that entropy is produced in a gear box. A gearbox operating under steady state conditions recieves 24 hp along the input shaft and delivers 10hp along the output shaft

Where do i go, before i am facing an academic dilemma? : Where do I go, before I am facing an academic dilemma?

The thermal efficiency of the cycle and the net specific : Determine the thermal efficiency of the cycle and the net specific work. Assume each turbine stage isentropic efficiency to be 99% and assume the FWH is open.

User Account

All Pages