Cullumber Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,052,000 on March 1, $1,200,000 on June 1, and $3,072,650 on December 31. Compute Cullumber weighted-average accumulated expenditures for interest capitalization purposes.

$2,410,000

Explanation:

Date: March 1st

Expenditure: $2,052,000

Capitalization period: 10/12 months

Weighted Average Accumulated Expenditure: $1,710,000

Date: June 1st

Expenditure: $1,200,000

Capitalization period: 7/12 months

Weighted Average Accumulated Expenditure: $700,000

Date: December 31st

Expenditure: $3,072,650

Capitalization period: 0

Weighted Average Accumulated Expenditure: $0

The Weighted Average Accumulated Expenditure will now be:

= $1,710,000 + $700,000 + $0

= $2,410,000

Note that Weighted Average Accumulated Expenditure for each date was gotten as:

= Expenditure × Capitalization period

press the paper clip and attach a file!

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.