This year, Zeron Company generated $87,200 income from the performance of services for its clients. It also sold several assets during the year. Compute Zeron’s taxable income under each of the following alternative assumptions about the tax consequences of the asset sales. a. Zeron recognized $1,000 recaptured ordinary income, a $2,400 net Section 1231 gain, and a $7,000 capital loss.

b. Zeron recognized a $6,600 net Section 1231 loss and a $1,700 capital loss.

c. Zeron recognized $3,900 recaptured ordinary income, a $1,510 net Section 1231 gain, and a $1,200 capital gain.

d. Zeron recognized a $10,300 net Section 1231 loss and a $4,000 capital gain.

e. Zeron recognized a $2,800 net Section 1231 gain, a $5,200 capital gain, and a

$6,300 capital loss.

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2