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What the weighted-average interest rate for monday corp

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The Monday Corporation is erecting a building. Construction started on January 1 and ended on December 31. Expenditures in March 1 were P4,000,000, P3,300,000 in June 1, and P5,000,000 in December 1. Monday Corporation borrowed P2,000,000 on January 1 on a 5-year, 12% note to help fund the building's development/construction. Furthermore, the business had a 10%, 3-year, P4,000,000 note payable and a 12%, 4-year, P7,500,000 note payable outstanding during the year.

Problem 1: The weighted-average accumulated expenditures are?

Problem 2: The weighted-average interest rate used for interest capitalization purposes is?

Reference no: EM132988292

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