On the first day of the fiscal year, lisbon co. issued $1,000,000 of 10-year, 7% bonds for $1,050,000, with interest payable semiannually. orange inc. purchased the bonds on the issue date for the issue price. if lisbon uses the straight-line method for amortizing the premium, the journal entry to record the first semiannual interest payment by lisbon co. would include a debit toa. interest payable for $30,000 b. cash for $70,000 c. interest expense for $32,500 d. premium on bonds payable for $5,500

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?