Dietz is a passive investor in three activities which have been profitable in previous years. The profit and losses for the current year are as follows: Gain (Loss) Activity X-$(30,000) Activity Y-(50,000) Activity Z-20,000 Total-$(60,000) What amount of suspended loss should Dietz allocate to Activity X?
a) $20,000
b) $22,500
c) $30,000
d) $18,000
Ans: b) $22,500
Business
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Slack is the amount of time an activity can be delayed without delaying the project
Indicate whether this statement is true or false.
Business
South Penn Tracking is financing a new truck with a loan of $10,000 to be repaid in 5 annual end-of-year installments of $2,504.56. What annual interest rate is the company paying?
A) 7% B) 8% C) 9% D) 10% E) 11%
Business