Linda purchased a home in Connecticut three years ago for $300,000. She had been working in Connecticut for the past 10 years. Yesterday, her employer decided to transfer her to the Billings, Montana branch, effective next month. Unfortunately, the real estate market has weakened over the past few years, and Linda is only able to sell her home for $270,000. Which of the following statements correctly identifies the tax consequences of the sale:
a. Linda is not permitted to deduct the loss on her income tax return.
b. Linda’s loss will be reflected as a long-term capital loss on her tax return.
c. Linda’s loss will be reflected as a short-term capital loss on her tax return.
d. Linda will recognize an ordinary loss of $30,000.

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?