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.

Table 1. shows the expected demand for the dvd at different suggested donation levels, and they can act as a single-price monopolist if they choose to. thereceipts will be used to fund gstcg supplies for their data collection and conservation work. at the end of each sea turtle nesting season, any excess funds are donated by the gstcg to a local non-profit sea turtle research and rehabilitation facility. table 1 suggested anticipated total marginal profit donation per number of dvd revenue revenue dvd request requests $19.00 0 $15.00 2 $9.50 4 $7.75 10 $3.00 15 $0.00 20 a. complete table 1 by computing the total revenue, marginal revenue, and profit columns. b. the president wants the gstcg to provide videos to generate the most possible donations (total revenue). what price, if any, is the president of the gstcg favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. c. the education outreach committee wants the gstcg to provide videos to the highest possible number of people. what price, if any, is the educational outreach committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. d. the treasurer of the gstcg wants the dvd program to be as efficient as possible so that the marginal revenue equals marginal cost. what price, if any, is the treasurer favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. e. the fundraising committee wants the dvd program to generate as much profit in donations as possible. what price, if any, is the fundraising committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer.