Daniel is considering selling two stocks that have not fared well over recent years. a friend recently informed daniel that one of his stocks has a special designation, which allows him to treat a loss up to $3 on this stock as an ordinary loss rather than the typical capital loss. daniel figures that he has a loss of $36,000 on each stock. if daniel’s marginal tax rate is 35 percent and he has $72000 of other capital gains (taxed at 15 percent), what is the tax savings from the special tax treatment?

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Hubert manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.