Ten years ago, latesha acquired a one-third interest in dana associates, a partnership, for $26,000 cash. this year, latesha's entire interest in the partnership is liquidated when her basis is $24,000. dana's assets consist of the following: cash, $20,000; inventory with a basis of $46,000 and an fmv of $40,000. dana has no liabilities. latesha receives the cash of $20,000 in liquidation of her entire interest. what is latesha's recognized loss on the liquidation of her interest in dana? a. y b $4,000 short-term capital loss and $2,000 ordinary loss b. $4,000 long-term capital loss c. $4,000 long-term capital loss and $2,000 ordinary lossd. $0.

To be able to better compare stock performance within the same industry, similar companies are grouped into? a)market sectors b) industry blocks c) performance sectors d) average earning blocks

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?