Answer:
c. 52% to 28%
Explanation:
Reagan signed the Tax Reform act in 1986 on October 22 which is commonly known as the second of the two Reagan tax cuts. It was for the first time in the U.S. income tax history that the top tax rate was lowered and the bottom rate was increased. The top rate was reduced from 52% to 28%, which helped all the executives to save the money and could buy home worth 25 million just in annual pay.
Answer:
Journalize the transactions of May 27, August 3, and November 14.
Explanation:
deb cre
may-27 Treasury Stock 600000
(75000*8)
Cash 600000
ago-03 Cash 594000
(54000*11)
Treasury Stock 432000
(54000*8)
Paid in capital for treasury stock 162000
nov-14 Cash 147000
(21000*7)
Treasury stock 168000
(21000*7)
Paid in capital for treasury stock 21000
5.55 years
I/Y: 8.5
PV: 899000
PMT: -210000
FV:0
Answer: Manufacture Inventory further and sell for $30,000
Explanation:
To make this decision we would have to calculate the benefit that could be acquired from manufacturing further.
Amount net benefit if manufactured further and sold for $30,000
= 30,000 - 12,000
= 18,000
There would be a net benefit of $18,000 of manufactured further.
If Marigold Corp. sold at the scrap value there would get $14,000.
We can see that Manufacturing further and selling for $30,000 is the better option as it brings more money. It should therefore be chosen.
Answer:
a. $0.09
b. $0
c. -$0.09
Explanation:
Real rate = Nominal rate - inflation rate
a. Real rate = 2% - 1%
= 1%
Change in real wage = 9 * 1% = $0.09
b. = 2% -2% = 0%
Change in real wage = 9 * 0% = 0
c. = 2% - 3%
= -1%
Change in real wage = 9 * -1% = -$0.09