In Computing the Capitalized Interest for 2009, Crocus' Average Accumulated

question 74

Multiple Choice

In computing the capitalized interest for 2009, Crocus' average accumulated expenditures are:

• A)$ 46.30 million
• B)$103.54 million
• C)$122.30 million
• D)$124.25 million The correct answer is: [from 2008  ($77.95 million 10/10) + ($30 million 9/10) + ($21 million 7/10) + ($20 million 2/10) + ($6 million 1/10) = $124.25 million.

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Definitions:

Method of Substitution

A technique for solving systems of equations by replacing one variable with an equivalent expression in terms of the other variables.

System of Equations

A set of two or more equations with the same variables, which are solved together.

Method of Substitution

A method involving the resolution of equation systems through isolating a variable in one equation and then inserting that solution into another equation.

System of Equations

A set of equations with the same variables, where the solution must satisfy all equations simultaneously.