Purcell Corporation engaged Morse, Inc. to design and construct a complete modernization of Purcell's manufacturing facility. Construction was begun on January 1, 2019 and was completed on February 28, 2020. Purcell made the following payments to Morse, Inc. during the construction period: Date Payment June 1, 2019 $3,600,000 August 31, 2019 5,400,000 December 31, 2019 4,600,000 February 28, 2020 100,000 To help specifically to finance the construction, Purcell issued $3,200,000 of 10-year, 6% bonds payable at par on January 1, 2019, with interest payable annually starting January 1, 2020. In addition to the 6% bonds payable, the only debt outstanding during 2019 was a $12,000,000, 4% note payable dated January 1, 2015 and due January 1, 2025, with interest payable annually on January 1. For interest capitalization purposes, Purcell uses the specific interest method.

Required:

a. Calculate the following. Round all computations to the nearest dollar.

i. Interest revenue earned by Dobbs in 2016 (3 marks)
ii. Weighted-average accumulated expenditures (4 marks)
iii. Avoidable interest (3 marks) iv. Actual interest (7 marks)
iv. Total interest cost capitalized during 2016. (3 marks)

b. Prepare the December 31, 2016 journal entries needed on the books of Dobbs Corporation.

In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources. b. (ii) determine how much of each good gets produced. c. (iii) can be used to predict the impact on the economy of various events and policies. d. all of (i), (ii), and (iii) are correct.

Sports leave thousands of college athletes with little time for their studies. this is an example of

Me with this asap. i will give 100 points and brainliest. part one of three (total of 100 points) how do gross national product (gnp) and gross domestic product (gdp) differ? while gnp includes investments as well as production of goods and services, gdp only includes production of goods and services. while gnp includes production by all people and businesses of a country, gdp only includes production within a country’s borders. while gnp includes production of all goods and services, gdp only includes production of final goods and services. while gnp includes imports and exports of goods and services, gdp only includes the net exports of goods and services. read the scenario. a united states company produces widgets in brazil. which is true about the calculation of widget production? the dollar value of the widgets would not be included in either a gnp or a gdp calculation. the dollar value of the widgets would be included in a gnp calculation. the dollar value of the widgets would be included in both a gnp and a gdp calculation. the dollar value of the widgets would be included in a gdp calculation. read the passage. this is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy. it provides information about price changes in the nation's economy to government, business, labor, and private citizens, and it is used by them to guide economic decisions. what is being described? consumer price index export price index producer price index import price index what is the primary tool used to measure inflation? consumer price index gross domestic product durable goods shipments gross national product how does a rise in life expectancy impact population growth? it slows population growth. it reverses population growth. it does not impact population growth. it increases population growth. why does nominal gross domestic product (gdp) sometimes seem larger than real gdp? real gdp counts only final products, whereas nominal gdp does not. real gdp counts imports, whereas nominal gdp does not. real gdp includes inflation in its calculation, whereas nominal gdp does not. real gdp uses an accurate calculation, whereas nominal gdp does not. why does nominal gross domestic product (gdp) sometimes seem larger than real gdp? real gdp counts only final products, whereas nominal gdp does not. real gdp counts imports, whereas nominal gdp does not. real gdp includes inflation in its calculation, whereas nominal gdp does not. real gdp uses an accurate calculation, whereas nominal gdp does not. what impact can government policies have on the business cycle? policies that lower interest rates may cause an economic contraction. policies that decrease spending may cause an economic expansion. policies that raise interest rates may cause an economic contraction. policies that lower taxes may cause an economic contraction. what is true regarding seasonal unemployment? it is much harder to predict than other types of unemployment. it is likely to last longer than other types of unemployment. it is not as troubling to the government as other types of unemployment. it has negative costs similar to those of other types of unemployment. read the sentence. the cost of lumber has increased 145 percent since last quarter. what is the most likely outcome in the furniture market? the market will see a rapid rise in inflation because inelastic products respond quickly to market forces. the market will see cost-push inflation because the increased cost of inputs force prices higher. the market will see demand-pull inflation because consumers need more of the product. the market will see no inflation because there has not been a change in personal income.