You purchased 100 shares of megacorp for $17 per share four months ago. the brokerage fee was 4% of the total dollar amount of the purchase. today you sold the shares for $23.50 per share. brokerage fees were 4% of the total sale value. if you are in the .28 marginal tax bracket, how much tax do you owe on the capital gain? (hint: since this is a short term investment [less than one year], you will utilize the marginal tax bracket of .28 instead of using the .15 [which is for long term capital gains and dividends.)

Phoenix guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickupsfor sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. which of the following approaches is likely to produce superior results? a) invest in vertical integration despite the cost of producing pickups.b) abandon the idea of vertical integration entirely.c) pursue taper integration.d) introduce a budget line of guitars to diversify the firm's offerings.