During 2017, Silverado Corporation has the following Section 1231 gains and losses:
Casualty loss $(10,000)
Section 1231 gains 12,000
Section 1231 losses (3,000)
During the period 2012 - 2016, the corporation recognized $8,000 of net Section 1231 losses as ordinary losses that have not been recaptured. How much of the 2017 Section 1231 gains and losses are recognized as long-term capital
gains?
a. $- 0 -
b. $1,000
c. $9,000
d. $10,000
e. $12,000
b
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Ordering costs would include which of the following?
A) Cost from theft B) Transportation cost C) Security cost D) Damage cost
Which of the following statements is true of effective business communication?
A. The speaker should seek and understand feedback from the speaker's audience. B. The communication should be static and one way. C. The communication is most effective when a speaker is able to extensively use special effects and sounds in the presentation. D. The communication is most effective when a speaker is able to extensively use jargon in his speech.
A mini-trial is a private proceeding in which each party's attorney ar¬gues the party's case before the other party
Indicate whether the statement is true or false
Leshem Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable manufacturing overhead$52,920 Budgeted production (a) 20,000unitsStandard hours per unit (b) 0.70machine-hoursBudgeted hours (a) × (b) 14,000machine-hours Actual production (a) 16,000unitsStandard hours per unit (b) 0.70machine-hoursStandard hours allowed for the actual production (a) × (b) 11,200machine-hours Actual variable manufacturing overhead$30,784 Actual hours 10,400machine-hoursThe variable overhead rate variance
is: (Round your intermediate calculations to 2 decimal places.) A. $8,528 F B. $9,184 U C. $9,184 F D. $8,528 U