Flintstone company is owned equally by fred stone and his sister wilma, each of whom hold 2,200 shares in the company. wilma wants to reduce her ownership in the company, and it was decided that the company will redeem 635 of her shares for $25,400 per share on december 31 of this year. wilma’s income tax basis in each share is $7,450. flintstone has current e& p of $10,250,000 and accumulated e& p of $50,398,000.

a. what is the amount and character (capital gain or dividend) recognized by wilma as a result of the stock redemption, assuming only the "substantially disproportionate with respect to the shareholder" test is applied?

Acompany is developing a new high­performance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below.a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample.assume=0.05. what are the null and alternative hypotheses? choose the correct answer below.b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?