The Conity Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a​ $13,000,000 bond​ issuance, the Electric Mixer Division used​ $9,500,000 and the Electric Lamp Division...


The Conity Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a​ $13,000,000 bond​ issuance, the Electric Mixer Division used​ $9,500,000 and the Electric Lamp Division used​ $3,500,000 for expansion. Interest costs on the bond totaled​ $975,000 for the year. What amount of interest costs should be allocated to the Electric Mixer​ Division? (Round any intermediary calculations two decimal places and your final answer to the nearest​ dollar.)



Jun 08, 2022
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