Jack, age 30 and married with no dependents, is a self-employed individual. for 2018, his self-employed business sustained a net loss from operations of $10,000. the following additional information was obtained from his personal records for the year:

nonbusiness long-term capital gain $ 2,000
interest income 6,000
itemized deductions—consisting of taxes and interest (26,000)

based on the above information, what is jack's net operating loss for 2018 if he and his spouse file a joint return?
a. ($8,000)
b. ($10,000)
c. ($28,000)
d. ($2,000)
e. ($25,000)

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?