Answer:
The correct answer is option b.
Explanation:
The business cycle can be defined as the fluctuations in the level of output of goods and services produced in an economy in a year. It is also referred to as the trade cycle.
The business cycle consists of several stages such as recession, depression, expansion, boom or peak, recovery, etc.
The output level tends to fluctuate around its long term trend.
Make more money and invest in the future of cars
Answer: interest
Explanation:
Notes payable occurs when a promissory note is issued to the bearer by the firm. Notes payable can either be short term which is within a year or long term which is more than a year.
The difference between the amount received from issuing a note payable and the amount repaid at maturity is known as the interest.
Answer:
Tyrone's passive investment income tax is 120.000$
Explanation:
Passive investment income is income from the investments in which investor is not actively involved, like real estate investments, loans or dividends. Since income in this case is 200.000$ and expenditures connected to that income are 80.000$, taxable passive income is therefore 120.000$