MSG Corporation issued $111,000 of 3-year, 5% bonds outstanding on December 31, 2020 for $114,000. The bonds pay interest annually and MSG uses straight-line amortization. On May 1, 2021, $11,100 of the bonds were retired at 118. As a result of the retirement, MSG will report: (Do not round intermediate calculations and round final answer to nearest whole dollar.) a. a $1,698 loss.
b. a $1,731 loss.
c. a $3,396 loss.
d. a $3,396 gain.

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold

2. a computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of five years. determine the second year’s depreciation expense using the straight-line method.