Question: CALCULATOR FULL SCREEN Brief Exercise 10-04 RACK 3 Your answer is incorrect. Try again Shamrock Company is constructing a building Construction began on February 1
CALCULATOR FULL SCREEN Brief Exercise 10-04 RACK 3 Your answer is incorrect. Try again Shamrock Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $1,000,000 on March 1, 5720,000 on June 1, and $1,800,000 on December 31 Shamrock Company borrowed $600,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year 12, Syear, 1.200.000 note pay and an 11%, 4-year, 52,100,000 note payable Compute avoidable interest for Shamrock Company. Use the weighted average interest rate for interest capitalization purposes. Round Waage Interest rate" to 4 decimal places, ... 0.2152 and final answer to decimal places, ... 5,275.) Avoidable interest 96269 Click if you would like to show Work for this question Open Show Work
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