Answer:
Contraction
Explanation:
The business cycle refers to the fluctuations that happen in an economic activity over time. This cycle has 4 stages that are:
-Expansion is when the economy grows and employment is higher.
-Peak is a transition between expansion and contraction and it is a point in which the economy reaches its highest output.
-Contraction is a stage in which growth stops and unemploymetnt rises.
-Trough is a stage in which the economy gets to its lowest point before a rise.
According to this, the answer is that in the context of the business cycle, Bruslon is most likely going through a period of contraction because there is an economic downturn that forced Loger's to lay off many employees.
Sales returns and allowances are reported on the <u>Income Statement</u>.
<h3>What is the income statement?</h3>
The income statement is a financial statement wherein the sales revenue and cost of goods sold and operating expenses are summarized in order to obtain the net income.
When reporting the sales returns and allowances on the income statement, they are subtracted from the gross sales to arrive at the net sales.
Thus, sales returns and allowances are reported on the <u>Income Statement</u>.
Learn more about the income statement at brainly.com/question/24498019
Answer:
D) lower-income taxpayers and middle-income taxpayers.
Explanation:
The rental real estate exemption allows taxpayers who are not real estate professionals, to deduct up to $25,000 of real estate loss per year.
This exemption applies for taxpayers with an adjusted gross income of $150,000 or less. Only those that have an AGI of less than $100,000 are able to deduct the full $25,000 exemption, but as their AGI increase, the exemption starts to phase out.
The two basic requirements for qualifying for this exemption is that the individual actively participates in the management of the real estate property that generated the loss and that they own at least a 10% interest in the property.
Answer:
To calculate annualized GDP growth rates, start by finding the GDP for 2 consecutive years. Then, subtract the GDP from the first year from the GDP for the second year. Finally, divide the difference by the GDP for the first year to find the growth rate. Remember to express your answer as a percentage.
Answer:
- control the day-to-day activities of the corporation.
Explanation:
The board of directors are people chosen by the instiution, the owners of the institutions or the members of an institution to govern the institution and be responsible for the actions and directions that the organization takes, they could be owners, workers or externate associates to the institution and they control the day-to-day activities of the corporation.
