Melinda and Riley are married taxpayers. During the year, they completed a single capital asset sale in which a loss of $120,000 is realized on the sale ($15,000 amount realized, less $135,000 adjusted basis) of qualified small business stock. How much of the loss can the taxpayers deduct?
a. $3,000
b. $53,000
c. $100,000
d. $103,000
e. $120,000
d
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Both loss leaders and leader pricing seek to _____
a. maximize a retailer's return on investment b. increase early recovery of cash for a retailer c. reduce marginal competitors through aggressive pricing practices d. increase store traffic and sales of regular markup merchandise
Mungo Pet Supplies makes cat trees for several pet store chains. They order rolls of carpet (used to cover the trees) from a supplier. Mungo’s management has decided to use an EOQ model. The annual demand for carpet is estimated to be 1,000 rolls. The purchase price per roll is $20 and estimated inventory carrying cost rate is 25%. The cost to place an order from the supplier is $30. What is the average inventory amount that Mungo can expect to hold at any one time?
a. 54.7 b. 1000 c. 109.5 d. 500
In the introduction section of a proposal, which of the following would be the best way to persuade the receiver to read the rest of the proposal?
A) Mention a remarkable resource available exclusively to you. B) Present a detailed budget that shows a low overall cost. C) Give the background and credentials of everyone who will be working on the project. D) Provide a timetable for all activities.
Oscar refuses to pay Petra $500 in cash on their contract to repair Oscar's washing machine, which Petra still possesses at her repair shop. Petra's lien on the machine will terminate A) if Petra continues to maintain possession
B) if Petra does not file a written notice of lien within thirty days. C) if Petra voluntarily surrenders possession. D) within thirty days.