Jessica is a one-third owner in bikes-r-us, an s corporation that experienced a $52,500 loss this year (year 1). assume her stock basis is $13,000 at the beginning of the year and that at the beginning of year 1 jessica loaned bikes-r-us $3,750. in year 2, bikes-r-us reported ordinary income of $13,500. (leave no answer blank. enter zero if applicable.) required: 1. what amount is jessica allowed to deduct in year 1 and year 2? 2. what are her stock and debt bases in the corporation at the end of year 1? 3. what are her stock and debt bases in the corporation at the end of year 2?

At which level will a manager use analytics to make decisions? operational level managerial level strategic level all of the above

Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?