On January 31 of this year, Jennifer pays $700for an option to aquire100 sharesof lifetime corporation common stock for $70 per share. Jennifer exercises the option on June 2. Jennifer sells the stock on April 30 of the next yearfor $10,000. Jennifer's basis for the stock immediately before the sale is?

a. -0-

b. $700

c. $7,000

d. $7,700

Adupont analysis is conducted using the dupont equation which to identify

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?