Acorn inc. had the following items of income and expense:
sales $ 500,000
cost of sales 250,000
dividends received 25,000
the dividends were received from a corporation of which acorn owns 30%.
in acorn's corporate income tax return, what amount should be reported as income before special deductions?
a. $250,000
b. $505,000
c. $275,000
d. $525,000

Elephant, inc.'s cost of goods sold for the year is $2,000,000, and the average merchandise inventory for the year is $129,000. calculate the inventory turnover ratio of the company. (round your answer to two decimal places.)

Explain the relationship between consumers and producers in economic growth and activity

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?