Geoffrey is waiting for raw materials to be delivered to his company. He had asked the suppliers to deliver the materials by 8:00 am. He knew that the first shift begins at 9:00 am. Which stage of operational planning has Geoffrey performed here?

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)