Bonita industries is constructing a building. construction began on january 1 and was completed on december 31. expenditures were $635 on march 1, $526 on june 1, and $855 on december 31. bonita industries borrowed $32 on january 1 on a 5-year, 13% note to finance construction of the building. in addition, the company had outstanding all year a 11%, 3-year, $637 note payable and an 12%, 4-year, $1205 note payable. what is the weighted-average interest rate used for interest capitalization purposes?

Phoenix guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickupsfor sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. which of the following approaches is likely to produce superior results? a) invest in vertical integration despite the cost of producing pickups.b) abandon the idea of vertical integration entirely.c) pursue taper integration.d) introduce a budget line of guitars to diversify the firm's offerings.