Elijah owns 20% of park corporation's single class of stock. elijah's basis in the stock is $8,000. park's e& p is $28,000. if park redeems all of elijah's stock for$48,000, elijah must report dividend income ofa.$48,000.b.$0.c.$40,000.d.$28,00 0.

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?