Tim, a single taxpayer, operates a business as a single-member llc. in 2018, his llc reports business income of $394,000 and business deductions of $689,500, resulting in a loss of $295,500. what are the implications of this business loss?

tim has an excess business loss of $

can this business loss be used to offset other income that tim reports? if so, how much? if not, what happens to the loss?

tim may use $ of the $295,500 llc business loss, to offset nonbusiness income . the excess business loss is treated as part of tim's nol carryforward .

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)