Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2020: (Loss amounts should be indicated by a minus sign.) Description Date Purchased Basis Date Sold Amount Realized
Stock A 1/23/1996 $8,050 7/22/2020 $5,140
Stock B 4/10/2020 15,600 9/13/2020 19,450
Stock C 8/23/2018 12,750 10/12/2020 18,020
Stock D 5/19/2010 5,870 10/12/2020 13,600
Stock E 8/20/2020 7,860 11/14/2020 3,900

Required:
a. What is Graysonâs net short-term capital gain or loss from these transactions?
b. What is Graysonâs net long-term gain or loss from these transactions?
c. What is Graysonâs overall net gain or loss from these transactions?
d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains?

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

Based on what you learned about time management which of these statements are true

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.