Billy's Hamburgers issued 8%, 10-year bonds payable at 80 on December 31, 2016. At December 31, 2018, Billy reported the bonds payable as follows: Long-Term Liabilities
Bonds Payable $400,000
Less: Discount on Bonds Payable 32,000 $368,000
Billy's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.)
1. Answer the following questions about Billy's bonds payable:
a. What is the maturity value of the bonds? $ nothing
b. What is the carrying amount of the bonds at December 31, 2014c. What is the semiannual cash interest payment on the bondsd. How much interest expense shoudl the company record each year2. Record the June 30, 2014, semiannual interest payment and amortization of discount

The table shows the demand and supply schedules for magazines. complete the following sentences. the equilibrium price of a magazine is $ 4 and the equilibrium quantity is 150 magazines a week. price (dollars per magazine) quantity demanded quantity supplied (magazines per week) 3.00 160 138 3.50 155 144 4.00 150 150 4.50 145 156 5.00 140 161 now a fall in the price of a newspaper decreases the quantity demanded by 11 magazines a week at each price. at the original equilibrium price, a occurs. to return to equilibrium, the price of a magazine a. surplus; rises b. shortage; rises c. shortage; falls d. surplus; falls as the market returns to equilibrium, the quantity demanded and the quantity supplied a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases the new equilibrium price is $ nothing a magazine.

Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $

Todd and jim learned that in building a business plan, it was important for them to: