Ivan incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100percent of the corporation‘s stock. the property transferred to the corporation had the following fair market values andadjusted bases: fiiv msted basislmentoty $ 10,000 $15,000bung 50,000 40,000land 00,000 30,000total $120,000 $85,000the fair market value of the corporation's stock received in the exchange equaled the fair market value of the assetstransferred to the corporation by ivan. the transaction met the requirements to be tax-deferred under £5351.a) what amount of gain or loss does ivan realize on the transfer of the property to his corporation? b) what amount of gain or loss does ivan recognize on the transfer of the property to his corporation? c) what is ivan's basis in the stock he receives in his corporation? d) what is the corporation’s adjusted basis in each of the assets received in the exchange? e) would the stock held by ivan qualify as §1244 stock? why would this fact be important if he sold his stock at a loss atsome future date?

marketing strategies should be established before marketing objectives are decided. t/f

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a. what is the firm’s labor demand function? b. if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c. now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?