Rachel is the sole member of an llc, and jordan is the sole shareholder of a c corporation. both businesses were started in the current year, and each business has a long-term capital gain of $10,000 for the year. neither business made any distributions during the year. with respect to this information, which of the following statements is correct?
a. the c corporation receives a preferential tax rate on the ltcg of $10,000.
b. rachel must report $10,000 of ltcg on her tax return.
c. the llc must pay corporate tax on taxable income of $10,000.
d. jordan must report $10,000 of ltcg on his tax return.
e. none of these choices are correct.

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Consider the following condensed financial statements of money freedom comma inc. the company's target rate of return is 30%: (click the icon to view the comparative balance sheet.) (click the icon to view the income statement.) requirements 1. calculate the company's roi. round all of your answers to four decimal places. 2. calculate the company's profit margin ratio. interpret your results. 3. calculate the company's asset turnover ratio. interpret your results. 4. use the expanded roi formula to confirm your results from requirement 1. interpret your results. 5. calculate the company's ri. interpret your results. requirement 1. calculate the company's roi. round all of your answers to four decimal places. begin by selecting the formula to calculate return on investment (roi), and then enter the amounts to calculate the company's roi. (round your calculations to four decimal places and enter your answer as a percent, x.xx%)

Maria's family drove 140 mi to her grandparents' house and averaged 56 mi/h on the way thereon the return trip, they averaged 50 mi/hwhat was the total time maria's family spent driving to and from her grandparents' house? o2.5 ho 2.6 ho5.2 ho 53 hnext