On january 1, 2019, first street sales issued $ 24 comma 000 in bonds for $ 20 comma 700. these are sixminusyear bonds with a stated interest rate of 15% that pay semiannual interest. first street sales uses the straightminusline method to amortize the bond discount. immediately after the issue of the bonds, the ledger balances appeared as follows: bonds payable 24 comma 000 discount on bonds payable 3 comma 300 after the first interest payment on june 30, 2019, what is the balance of discount on bonds payable?

The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?