During 20x1, clark company manufactured equipment for its own use at a total cost of $2,400,000. the project required the entire year to complete and all costs were incurred uniformly throughout the year. at the beginning of the period, clark was able to borrow $1,500,000 at 6% specifically for the purchase of materials and the manufacture of the equipment. the entire debt, with interest was repaid on december 31, 20x1, replaced with a long-term loan. throughout 20x1, clark company had additional debt of $1,000,000 with a weighted average interest rate of 7%. if clark company capitalizes the maximum amount of interest allowable under gaap, how much will clark report as interest expense in 20x1?

Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

What is the difference between secure bonds and naked bonds?