Question: Weighted average accumulated expenditures are $ 1 , 2 0 0 , 0 0 0 on a project for which work steadily progressed during the

Weighted average accumulated expenditures are $1,200,000 on a project for which work steadily progressed during the current year. The following debt was outstanding during the current year.
Construction loan$300,000at10%Note payable$1,500,000at8%Mortgage payable$450,000at12%
a. Compute the total actual interest expense for the current year. $Answer 1
b. Compute the weighted average interest rate on the general debt.
Calculation of weighted average interest rateNumeratorDenominator=RateGeneral DebtAnswer 2Answer 3=

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