Doggy co. began construction of a new cutter for the u. s. coast guard on january 1, 2018 and completed construction of the ship on october 31, 2019. to finance construction, doggy took out an $8,000,000, 2-year, 6% construction loan on february 1, 2018. interest on the loan was to be paid annually on the anniversary date of the loan. doggy has no other outstanding interest-bearing debt. doggy made the following expenditures in conjunction with this construction project: date - amount2/1/2014 - $1,050,0003/31/2014 - $900,0006/1/2014 - $750,00010/1/2014 - $1,000,00012/31/2014 - $600,0003/1/2015 - $900,0009/1/2015 - $250,000how much interest should doggy expense in 2014? a. $220,000 b. $300,500 c. $340,500 d. $440,000
Answers: 2
Business, 21.06.2019 21:30
In its 2016 annual report, caterpillar inc. reported the following (in millions): 2016 2015 sales $38,537 $47,011 cost of goods sold 28,309 33,546 as a percentage of sales, did caterpillar's gross profit increase or decrease during 2016? select one: a. gross profit increased from 26.8% to 28.6% b. gross profit decreased from 28.6% to 26.5% c. gross profit increased from 71.4% to 73.2% d. gross profit decreased from 73.2% to 71.4% e. there is not enough information to answer the question.
Answers: 2
Business, 22.06.2019 16:30
Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.
Answers: 2
Business, 22.06.2019 17:50
What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories
Answers: 3
Doggy co. began construction of a new cutter for the u. s. coast guard on january 1, 2018 and comple...
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