Linda purchased a home in Connecticut three years ago for $300,000. She had been working in Connecticut for the past 10 years. Yesterday, her employer decided to transfer her to the Billings, Montana branch, effective next month. Unfortunately, the real estate market has weakened over the past few years, and Linda is only able to sell her home for $270,000. Which of the following statements correctly identifies the tax consequences of the sale:
a. Linda is not permitted to deduct the loss on her income tax return.
b. Linda’s loss will be reflected as a long-term capital loss on her tax return.
c. Linda’s loss will be reflected as a short-term capital loss on her tax return.
d. Linda will recognize an ordinary loss of $30,000.

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.