Use the Following Information for Questions 82 Through 85

question 20

Multiple Choice

Use the following information for questions 82 through 85.
On January 2, 2014, Indian River Groves began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2015. Expenditures for the construction were as follows: Indian River Groves borrowed $2,200,000 on a construction loan at 12% interest on January 2, 2014. This loan was outstanding during the construction period. The company also had $8,000,000 in 9% bonds outstanding in 2014 and 2015.
-What were the weighted-average accumulated expenditures for 2015 by the end of the construction period?

• A) $780,000
• B) $3,270,000
• C) $3,972,000
• D) $2,772,000

---

Definitions:

Natural Zero

A point on a scale at which the variable measured has a true absence of the property, indicating a meaningful zero point.

Time Series Data

Data that is collected at successive points in time, often analyzed to study trends, cycles, or seasonal variations over time.

Extended Period

A length of time that is longer than usual or expected.

Collected

Gathered or amassed from different sources, often referring to data, samples, or other information.