On feb. 1, 2018, the board of directors of x corp. declares a dividend of $2 per share to shareholders of record as of march 1, 2018, payable as of april 1, 2018. taxpayer-a transfers 200 shares to taxpayer-b by gift on jan. 1, 2018 and sells another 200 shares to taxpayer-b on feb. 15, 2018. according to the united states district court, as discussed in class, how much, if any, dividend income must taxpayer-b realize in 2018 (both taxpayer-a and taxpayer-b are cash basis)? a.$400b. $0c. $800d. none of the choices are correcte. $200

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.