Bogo is an online coupon provider that has daily specials each day where if you buy the coupon for $15, the resulting gift certificate you receive provides $36 and the gift certificate doesn't expire. for one day only, bogo decided to make a lunch coupon that provides at a dollar gift certificate worth $36 for a particular restaurant until it sells out. this is a marketing strategy to get bogos name out. bogo sells one coupon per customer.
1. because this is an opportunity of a lifetime and every student will buy it for the prospect of cheap lunch, there is no opportunity cost to purchase the coupon.
2. this one day deal is an incentive for people to buy bogo coupon, as it will provide a meal much cheaper than what they could buy
3. by only allowing one coupon per customer, more consumers got to buy a coupon and bogo made its promotion more equitable to the masses.
4. if this $1 deal was for a different restaurant 100 miles away from the university in an extremely rural location, significantly fewer people would purchase the bogo deal.

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.