Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions: Sales revenue $ 40,000 Long-term capital gains $ 2,000 Cost of goods sold $ (13,000 ) Depreciation—MACRS $ (3,000 ) Amortization of organization costs $ (1,000 ) Guaranteed payments to partners for general management $ (10,000 ) Cash distributions to partners $ (2,000 ) a. Given these items, what is Turtle Creek’s ordinary business income (loss) for the year?

Straight arrow unloaded two tankers worth of toxic waste at an important port in the country of urithmea. a hundred workers worked two days in their shorts and sandals to unload the barrels from the tankers for $5 a day. they were not told about the content of the barrels. some observers felt that it was the obligation of not just the government of urithmea but also of straight arrow to ensure that no harm was done to the workers. these observers are most likely

Suppose that real interest rates increase across europe. this development will u.s. net capital outflow at all u.s. real interest rates. this causes the loanable funds to because net capital outflow is a component of that curve.

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.