On january 1, 2016, ithaca corp. purchases cortland inc. bonds that have a face value of $150,000. the cortland bonds have a stated interest rate of 6%. interest is paid semiannually on june 30 and december 31, and the bonds mature in 10 years. for bonds of similar risk and maturity, the market yield on particular dates is as follows: january 1, 2016 7.0% june 30, 2016 8.0% december 31, 2016 9.0% required:
1. calculate the price ithaca would have paid for the cortland bonds on january 1, 2016 (ignoring brokerage fees), and prepare a journal entry to record the purchase.
2. prepare all appropriate journal entries related to the bond investment during 2016, assuming ithaca accounts for the bonds as a held-to-maturity investment. ithaca calculates interest revenue at the effective interest rate as of the date it purchased the bonds.
3. prepare all appropriate journal entries related to the bond investment during 2016, assuming that ithaca chose the fair value option when the bonds were purchased, and that ithaca determines fair value of the bonds semiannually. ithaca calculates interest revenue at the effective interest rate as of the date it purchased the bonds.

Each of the following scenarios is based on facts in anactual fraud. categorize each scenario as primarily indicating (1) anincentive to commit fraud, (2) an opportunity to commit fraud, or(3) a rationalization for committing fraud. also state your reasoningfor each scenario.a. there was intense pressure to keep the corporation ' stock from declining further. this pressure came from investors, analysts,and the ceo, whose financial well-being was significantly dependent on the corporation ' s stock price.b. a group of top-level management was compensated (mostly in the form of stock-options) well in excess of what would be considered normal for their positions in this industry.c. top management of the company closely guards internal financial information, to the extent that even some employees on a “need-to-know basis” are denied full access.d. managing specific financial ratios is very important to the company, and both management and analysts are keenly observant of variability in key ratios. key ratios for the company changed very little even though the ratios for the overall industry were quite volatile during the time period.e. in an effort to reduce certain accrued expenses to meet budget targets, the cfo directs the general accounting department to reallocate a division’s expenses by a significant amount. the general accounting department refuses to acquiesce to the request, but the journal entry is made trough the corporate office. an accountant in the general accounting department is uncomfortable with the journal entries required to reallocate divisional expenses. he brings his concerns to the cfo, who assures him that everything will be fine and that the entries are necessary. the accountant considers resigning, but he does not have another job lined up and is worried about supporting his family. therefore, he never voices his concerns to either the internal or external auditors.f. accounting records were either nonexistent or in a state of such disorganization that significant effort was required to locate or compile them.

Fill in the missing words to correctly complete each sentence about analyzing a job posting. when reviewing a job posting, it’s important to check theto determine whether it’s worth your time to apply. if the post has been up for a while or it’s already closed, move on to the next position. if it’s still available, take note of when it closes so you’ll know when you mayfrom the company in regard to an interview.

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?