Ivanka and jared are divorced in the current year. as part of the divorce settlement, ivanka transfers a plot of land in long island, ny to jared. ivanka's basis in the property was $20,000 and the market value of the property was $250,000 when transferred. jared holds the property through the end of the year and in hopes of building a residence on it. how much income do ivanka and jared recognize in the current year?

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:

Wisconsin snowmobile corp. is considering a switch to level production. cost efficiencies would occur under level production, and after tax costs would decline by $36,000, but inventory would increase by $300,000. wisconsin snowmobile would have to finance the extra inventory at a cost of 13.5 percent.a. determine the extra cost or savings of switching over to level production. should the company go ahead and switch to level production? b how low would interest rates need to fall before level production would be feasible?