Martina and Nellie, both calendar-year taxpayers, each own a 15% interest in Partnership MNO. Orron, Inc., whose fiscal year ends on March 30, 2019, owns a 70% interest in Partnership MNO. Partnership MNO has not established a business purpose for using a different tax year, nor has it made a fiscal year tax-year election. On what date does Partnership MNO's required tax year end? March 30, 2019.
April 18, 2019.
June 30, 2019.
December 31, 2019.

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.