Messersmith company is constructing a building. construction began in 2014 and the building was completed 12/31/14. messersmith made payments to the construction company of $2,000,000 on 7/1, $4,200,000 on 9/1, and $4,000,000 on 12/31. weighted-average accumulated expenditures were

Question

Jorden Carson

Business

18 June, 06:52

Messersmith company is constructing a building. construction began in 2014 and the building was completed 12/31/14. messersmith made payments to the construction company of $2,000,000 on 7/1, $4,200,000 on 9/1, and $4,000,000 on 12/31. weighted-average accumulated expenditures were

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Schaefer · Answer 1

The answer is, "weighted-average accumulated expenditures were $2,400,000".

we can calculate this as;

payments made are:

$2,000,000 on 7/1, $4,200,000 on 9/1, and $4,000,000 on 12/31

So,

($2,000,000 * 6/12) + ($4,200,000 * 4/12

= $2,400,000