Barstow company is contemplating the acquistion of the net assets of crown company for $875,000 cash. to complete the transaction, acquisition costs are $15,000. the balance sheet of crown company on the purchase date is as follows:

barstow company
balance sheet, december 31, 2015
assets liabilities and equity
current assets $80,000 liabilities $100,000
land $70,000 common stock ($10 par) $100,000
building $450,000 paid-in capital in excess of par $150,000
accumulated depreciation-building (200,000) retained earning $250,000
equipment $300,000
accumulated depreciation-equipment (100,000)
total assets $600,000 total liabilities and equity $600,000

the following fair values have been obtained for crown's identifiable assets and liabilities:

current assets $85,000
land $90,000
building $300,000
equipment $275,000
liabilities $102,000

1. record the acquisition of the net assets of crown company on barstow company's books.
2. record the sale of the net assets on the books of crown company.
3. record the acquisition of 100% of the common stock of crown company on barstow's books. crown company will remain a separate legal entity.

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? select one: a. a higher percentage of the high operating leverage firm's costs are fixed. b. the high operating leverage firm is exposed to less risk. c. the debt payments limit the high operating leverage firm's opportunities to turn a big profit. d. the high operating leverage firm has more debt.

The beach dude (bd) employs a legion of current and former surfers as salespeople who push its surfing-oriented products to various customers (usually retail outlets). this case describes bd's sales and collection process. each bd salesperson works with a specific group of customers throughout the year. in fact, they often surf with their customers to try out the latest surf gear. the bd salespeople act laid-back, but they work hard for their sales. each sale often involves hours of surfing with their customers while the customers sample all the latest surf wear. because bd makes the best surfing products, the customers look forward to the visits from the bd salespeople. and they often buy a lot of gear. each sale is identified by a unique invoice number and usually involves many different products. customers pay for each sale in full within 30 days, but they can combine payments for multiple sales. bd manages its clothing inventory by item (e.g., xl bd surfer logo t-shirts), identified by product number, but it also classifies the items by clothing line (the lines are differentiated by price points as well as the intended use of the clothing, e.g., surfing products, casual wear, . draw a uml class diagram that describes the beach dudes sales and collection process.b. using microsoft access, implement a relational database from your uml class diagram. identify at least three fields per table.c. describe how you would use the relational database to determine the beach dude’s accounts receivable.

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?