Soong, single and age 32, had the following items for the tax year 2019: salary of $30,000. interest income from u. s. government bonds of $2,000. dividends from a foreign corporation of $500. sale of small business § 1244 stock on october 20, 2019, for $20,000. the stock had been acquired two years earlier for $65,000. business bad debt of $4,000. nonbusiness bad debt of $5,000. sale of small business § 1244 stock on november 12, 2019, for $4,000. the stock had been acquired on june 5, 2019, for $800. sale of preferred stock on december 4, 2019, for $40,000. the stock was acquired four years ago for $18,000. total itemized deductions of $25,000 (no casualty or theft). determine soong’s nol for 2019.

Miller mfg. is analyzing a proposed project. the company expects to sell 8,000 units, plus or minus 2 percent. the expected variable cost per unit is $11 and the expected fixed costs are $287,000. the fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. the depreciation expense is $68,000. the tax rate is 32 percent. the sales price is estimated at $64 a unit, plus or minus 3 percent. what is the earnings before interest and taxes under the base case scenario?

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic 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: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

You decide to invest in a portfolio consisting of 25 percent stock a, 25 percent stock b, and the remainder in stock c. based on the following information, what is the expected return of your portfolio? state of economy probability of state return if state occurs of economy stock a stock b stock c recession .16 - 16.4 % - 2.7 % - 21.6 % normal .55 12.6 % 7.3 % 15.9 % boom .29 26.2 % 14.6 % 30.5 %