The levi company issued $200,000 of 12% bonds on january 1 of the current year at face value. the bonds pay interest semiannually on january 1 and july 1. the bonds are dated january 1, and mature in five years, on january 1. the total interest expense related to these bonds for the current year ending on december 31 is
a) $12,000
b) $2,000
c) $24,000
d) $6,000

C) $24,000

Explanation:

Levi Company will pay a semiannual coupon on July 1, year 1 and January 1, year 2. Both coupons correspond to interest expense for year 1.

Each coupon payment will total $12,000 (= $200,000 x 12% x (6 / 12)). So the total interest expense for year 1 will be $24,000 (= $12,000 x 2).

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.