Ask Question
25 September, 15:55

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

+5
Answers (1)
  1. 25 September, 19:29
    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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers