On january 1, year 1, dave received 1,000 shares of restricted stock from his employer, rrk corporation. on that date, the stock price was $7 per share. on receiving the restricted stock, dave made the 83(b) election. dave’s restricted shares will vest at the end of year 2. he intends to hold the shares until the end of year 4 when he intends to sell them to fund the purchase of a new home. dave predicts the share price of rrk will be $30 per share when his shares vest and will be $40 per share when he sells them. assume that dave’s price predictions are correct and answer the following questions: (enter all amounts as positive values. leave no answers blank. enter zero if applicable.) a) what are the tax consequences of these transactions to dave if his ordinary marginal rate is 30 percent and his long term capital gains rate is 15 percent? b) what are the tax consequences of these transcations to rrk if its marginal rate is 35 percent?

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is:

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive