Firms a and b can conduct research and development (r& d) or not conduct it. r& d is costly but can increase the quality of the product and increase sales. the payoff matrix is the economic profits of the two firms and is given above, where the numbers are millions of dollars. a's best strategy is to not conduct r& d regardless of what b does.
a) conduct r& d only if b conducts r& d.
b) conduct r& d regardless of what b does.
c) conduct r& d only if b does not conduction r& d.

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?