You operate the student chef restaurant. an irate client called. she had previously asked you to cater an event tonight and you agreed. then things got hectic for you, so you asked your friend wolfgang, who runs another restaurant similar to yours, to cater the event. apparently he was a no-show. which statement is false? a. if student chef delegates the duty to perform to wolfgang, and wolfgang fails to perform, then student chef is not liable because the duty can be delegated. b. if the client agrees to excuse student chef restaurant from the contract and to substitute wolfgang, such an agreement is called a novation and relieves student chef from liability should wolfgang fail to perform. c. student chef’s right to receive payment from the client is assignable. d. it is possible that student chef’s duty to perform may be delegated since it is a task that may be done in a workmanlike manner.

Goods and services that can be used for the same purpose are and goods and services that are used together are

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

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?