Which of the following is not a capital asset?
A) a patent developed by the taxpayer
B) a family's cottage at the beach
C) a husband's wedding ring
D) All of the above are capital assets.
A) a patent developed by the taxpayer
Self-created assets, including patents, are not capital assets according to Sec. 1221.
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Opal Manufacturing Company established the following standard price and cost information: Sales price$50per unitVariable manufacturing cost 32per unitFixed manufacturing cost$100,000totalFixed selling and administrative cost$40,000total Opal expected to produce and sell 25,000 units. Actual production and sales amounted to 26,500 units.Required:(a) Determine the sales volume variances, including variances for number of units, sales revenue, variable manufacturing cost, fixed manufacturing cost, and fixed selling and administrative cost. (b) Classify the variances as favorable (F) or unfavorable (U). (c) Comment on the usefulness of the variances with respect to performance evaluation. (d) Explain why the fixed cost variances are zero.
What will be an ideal response?
________ is the process in which different individuals and units perform different tasks.
A. Standardization B. Span of control C. Mutual adjustment D. Specialization E. Formalization
Embezzlement can be committed only by physically taking property from the possession of another
a. True b. False Indicate whether the statement is true or false
The strategic groups concept is valuable for charting the ________ directions of firm strategies.
A. historical B. future C. past D. present