Salvador, who owned a retail shoe store, decided to sell the business. The assets of the business consisted of a one story building worth $100,000, merchandise worth $50,000, accounts receivable of $10,000, fixtures worth $30,000 and goodwill estimated at $50,000. He owed various wholesalers a total of $20,000 for shoes bought by him on credit. Salvador offered to sell all of these assets to Byron for $220,000 cash, provided that Byron would also agree to assume payment of the $20,000 owed for merchandise. Byron agreed, and a written contract was executed by both parties. Upon payment of $220,000 by Byron, Salvador signed a

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?

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?

Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p