Jack and jill are owners of upahill, an s corporation. they own 25 and 75 percent, respectively. upahill corporation (an s corporation) income statement december 31, year 1 and year 2 year 1 year 2 sales revenue $ 175,000 $ 310,000 cost of goods sold (60,000 ) (85,000 ) salary to owners jack and jill (40,000 ) (50,000 ) employee wages (15,000 ) (20,000 ) depreciation expense (10,000 ) (15,000 ) miscellaneous expenses (7,500 ) (9,000 ) interest income (related to business) 2,000 2,500 qualified dividend income 500 1,000 overall net income $ 45,000 $ 134,500 a. what amount of ordinary income and separately stated items are allocated to them for years 1 and 2 based on the information above? assume that upahill corporation has $100,000 of qualified property (unadjusted basis) in both years

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd – qa. the quantity qe – qa. the quantity qd – qe. (c) how many people die in the market-driven economy?

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.