Ask Question
1 June, 11:10

Messersmith Company is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Messersmith made payments to the construction company of $3000000 on 7/1, $6300000 on 9/1, and $6000000 on 12/31. Weighted-average accumulated expenditures were

a. $3,075,000

b. $3,600,000

c. $9.300.000

d. $15,300,000

+3
Answers (1)
  1. 1 June, 11:16
    0
    Answer: D - $15,300,000

    Explanation: Weighted average is the summation of all data in a data set. The weighted average accumulated expenditures is the accumulation of expenditures for the period.

    7/1 $3,000,000

    9/1 $6,300,000

    12/31 $6,000,000

    Total of all figures = $15,300,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Messersmith Company is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Messersmith made ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers