Afew years ago, in order to gain market share, blackboard™, a well-known learning management system software company used by many colleges and universities, joined forces with web ct™, another learning management system software company. both companies were in the same industry and originally competed against one another. in business, we would call the joining of these two firms a(n)

a) vertical merger

b) conglomerate merger

c) horizontal merger

d) applied acquisition

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine