Reference no: EM132586547
Arlington Co. is constructing a building. Construction began on January 1st and completed on December 31.
Expenditures were $2,400,000 on March 1, $1,980,000 on June 1, and $3,000,000 on December 31.
Debt Outstanding for Construction
$1,200,000 on January 1 on a 5-year, 12% note payable.
General Debt outstanding
10%, 3-year, $1,400,000 note payable
12%, 4-year, $4,600,000 note payable.
Other information
Interest revenues of $25,000 earned from specific borrowing
Question 1: Accordingly, The weighted average of expenditure is
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