In an eight-hour day, andy can produce either 24 loaves of bread or 8 pounds of butter. in an eight-hour day, john can produce either 8 loaves of bread or 8 pounds of butter. the opportunity cost of producing 1 pound of butter is:
a. 1/3 hour for andy and 1 hour for john.
b. 1 hour for andy and 1 hour for john.
c. 3 loaves of bread for andy and 1 loaf of bread for john.
d. 1/3 loaves of bread for andy and 1 loaf of bread for john.
e. none of the above

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?