Answer:
a. Riflebird Company is a proprietorship (Roger did not make any withdrawals from the business). Roger reports <u>$45,000</u> net operating profit and <u>$10,000</u> long-term capital loss on his tax return.
The IRS classifies sole proprietorships are pass through entities which are not taxed directly, instead their owners (proprietors) are taxed.
b. Riflebird Company is a C corporation (no dividends were paid during the year). Roger reports <u>$35,000</u> net operating profit and <u>$0</u> long-term capital loss on his tax return.
If Riflebird is classified as a corporation, then there is no such thing as capital gains or losses for corporations, all income and losses are considered operating income or losses.
Answer: c) investment opportunities with superior returns.
Explanation:
Answer:
Revenue variance $1800<u> </u>Favorable
Explanation:
<em>Revenue variance is the difference between the actual revenue and the standard revenue from the actual units sold. It is can be determined as follows:</em>
Revenue variance
$
Revenue from 32 units (32× 3,800) 121,600
Actual revenue <u>123,400</u>
Revenue variance <u> 1800 </u>Favorable
Revenue variance $1800<u> </u>Favorable
Answer:
<em>Panic </em>
Explanation:
Panic <em>is a sudden feeling of fear that is so strong that reason and logical thinking are dominated or prevented,</em> substituting it with overpowering feelings of anxiety and frenzied agitation consistent with an animalistic reaction to fight or flight.
Panic can occur uniquely in people or can occur as mass hysteria (close to herd behavior) suddenly in large groups.
Answer: tradeoffs
Explanation:
If we are given two or more alternative choices each is associated with benefits and limits then if we choose one alternative then we have to bear the opportunity cost of the loss occurs due to benefit of other alternatives not chosen. A trade-off can be defined as a situational decision in which in an attempt to gain in return one has to loose one quality or quantity or beneficial property. So, the trade off involves the decisions for making choices which may involve benefit or loss.