Solved

Kitty CoBroke Ground on Its New Building on March 1,2015,and Completed

Question 87

Multiple Choice

Kitty Co.broke ground on its new building on March 1,2015,and completed construction November 30,2015.Kitty made the following expenditures in conjunction with this project:  Date  Expenditure  April 1,2015$450,000 June 1,2015200,000 September 1,2015400,000 November 30,2015100,000\begin{array}{lr}\text { Date }&\text { Expenditure }\\\text { April } 1,2015 & \$ 450,000 \\\text { June } 1,2015 & 200,000 \\\text { September } 1,2015 & 400,000 \\\text { November } 30,2015 & 100,000\end{array}
Kitty's cumulative weighted average expenditures on this project would be


A) $287,500.
B) $500,000.
C) $508,333.
D) $595,833.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents