Which of the following losses are generally deductible?
I. Loss on the sale of corporate stock.
II. Losses incurred in carrying on a trade or business
a. Only statement I is correct.
b. Only statement II is correct.
c. Both statements are correct.
d. Neither statement is correct.
c
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Maggie Co. has variable manufacturing costs per unit of $20, and fixed manufacturing cost per unit is $15. Variable selling and administrative costs per unit are $4, while fixed selling and administrative costs per unit are $6. Maggie desires an ROI of $7.50 per unit. If Maggie Co. uses the absorption-cost approach, what is its markup percentage?
a) 25% b)8.33% c) 16.67% d) 50%
Which of the following is NOT true as it regards on-site, instructor-led training?
A) The classroom setting is easily replicated online. B) The instructor may deliver a great deal of information in a relatively short time. C) A charismatic instructor may excite the students to want to learn. D) The classroom setting allows for real-time discussion.