On january 1, 2019, commercial equipment sales issued $ 26 comma 000$26,000 in bonds for $ 14 comma 700$14,700. these are sixminus−year bonds with a stated interest rate of 1010%, and pay semiannual interest on june 30 and december 31. commercial equipment sales uses the straightminus−line method to amortize the bond discount. what amount is debited to interest expense on june 30, 2019

Recently, pfizer and allergan – the makers of viagra and botox, respectively – initiated a $160 billion merger. pharmaceutical companies tend to spend a greater percentage of sales on r& d activities than other industries. the government encourages these r& d activities by granting companies patents for drugs approved by the food and drug administration. for instance, allergan spent large sums of money developing its popular wrinkle-removing neurotoxin, botox, which is currently protected under a patent. botox sells for about $15 per vial.calculate the lerner index if the marginal cost of producing botox is $1.50 per vial.does the lerner index make sense in this situation? no, it is not possible to have a lerner index this high.yes, allergan has a patent-protected monopoly.no, a lerner index this high is not consistent with profit maximization