Question: Bramble Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6500000 on March 1, $5250000 on
Bramble Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6500000 on March 1, $5250000 on June 1, and $8150000 on December 31. Bramble Corp. borrowed $3210000 on January 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 11%, 3-year, $6370000 note payable and an 12%, 4-year. $12750000 note payable. What are the weighted average accumulated expenditures? 9 O $9910000 $19900000 $8479167 $11750000
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