Rebecca is a limited partner in the rst partnership, which is not publicly traded. her allocable share of rst’s passive ordinary losses from a nonrealty activity for the current year is ($60,000). rebecca has a $40,000 adjusted basis (outside basis) for her interest in rst (before deduction of any of the passive losses). her amount "at risk" is $30,000 (before deduction of any of the passive losses). she also has $25,000 of passive income from other sources. she has no business losses for the year from other sources. how much of her ($60,000) allocable rst loss can rebecca deduct on her current year’s tax return?

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year. a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs. b. calculate the eoq. c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?