Grayson Corporation is a calendar year taxpayer. In the following independent situations, which of the pro rata dividends paid by Grayson during the current year are eligible for the dividends-paid deduction when it calculates its PHC tax for the current year? Its accumulated earnings tax?

(A) Cash dividends paid on June 30 of the current year to common shareholders.
(B) Cash dividends paid on May 31 of the current year to preferred shareholders.
(C) Grayson pays no dividends to its common shareholders.
(D) Dividends paid on April 30 of the current year using Butler Corporation stock from Grayson's investment portfolio.
(E) Grayson does not own enough Bulter stock to be considered a related party.
(F) Dividends paid on March 31 of the current year to common shareholders using Grayson's own common stock.
(G) Cash dividends paid on February 28 of the next year to common shareholders.

In general, as long as the number of firms that possess a particular valuable resource or capability is less than the number of firms needed to generate perfect competition dynamics in an industry, that resource or capability can be considered and a potential source of competitive advantage. answers: valuablerareinimitableun-substituta ble

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.]

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)