1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alla [95]
2 years ago
12

The Tax Reform Act of 1986 eliminated the deductibility of interest payments on consumer debt (mostly credit cards and auto loan

s) but maintained the deductibility of interest payments on mortgages and home equity loans. What do you think happened to the relative amounts of borrowing through consumer debt and home equity debt
Business
1 answer:
liraira [26]2 years ago
6 0

Answer:

what is the question?

Explanation:

You might be interested in
Raphael Corp. incorrectly expensed a major addition to equipment when the company should have capitalized the expenditure. What
noname [10]

When Raphael Corp. incorrectly mentioned an expense of equipment addition instead of capitalizing the effect of the same, then in such case, the net income of the company is understated in the financial statements.

<h3>What is net income?</h3>

The income which is left at the end of an organization at the end of a financial period after making all the regulatory and compliant payments and deductions, such as taxes and depreciation, it is known as net income.

Hence, the significance of net income is aforementioned.

Learn more about net income here:

brainly.com/question/15570931

#SPJ1

7 0
2 years ago
If a firm produces a good and then adds it to its inventory rather than selling it, for the purposes of GDP accounting the firm
fenix001 [56]

Answer:

The statement is true.

Explanation:

Investment expenditure refers to the expenses incurred on account of creating capital assets.

If a good is produced but is left unsold or not used in the production process, then, they result in increased inventory, which is considered as an investment by the firm.

For the purpose of GDP accounting, unsold goods in inventory are treated as purchased by the firm from itself. As such, they form a part of investment expenditure in the accounting period.

8 0
2 years ago
Why do I have to pay
Alex Ar [27]

Answer:

Pay for what?

Explanation:

Most things require you to pay a fee.

4 0
3 years ago
Read 2 more answers
Suppose the Federal Reserve wants to increase the money supply by $200. Again, you can assume that banks do not hold excess rese
LuckyWell [14K]

Answer:

The fed needs to purchase bonds worth $20 from the banks to increase money supply by $200.

Explanation:

The Federal Reserve wants to increase the money supply by $200.

The reserve requirement is 10%.

The fed can increase the money supply by purchasing bonds from commercial banks.  

The money supply will increase by money multiplier times worth of bonds.  

Increase in money supply = \frac{1}{RR}\ \times\ Worth\ of\ bonds\ purchased

$200 = \frac{1}{0.1}\ \times\ Worth\ of\ bonds

Worth of bonds = \frac{200}{10}

Worth of bonds = $20  

So the fed needs to purchase bonds worth $20 from the banks to increase money supply by $200.

7 0
3 years ago
If a company sales are growing at a rate of 20% annually, how long it will take sales to double?
Zinaida [17]
Use this equation: FVN= $2 = $1(1 + I)N= $1(1.20)<span>N    (With any dollar amount)

</span>The exact answer is 3.8 years, but some calculators will round this value up to the next highest whole number, so maybe 4 years. 
3 0
3 years ago
Other questions:
  • A blank is a plan which an individual balances available resources and expense
    5·2 answers
  • Hormones can be divided into different groups based on their chemistry. these categories include
    15·1 answer
  • _________ are information systems that process​ operational, social, and other data to identify​ patterns, relationships, and tr
    8·1 answer
  • A major shift for personnel management arrived in the 1930's with the emergence of:
    10·1 answer
  • Discount-Mart issued ten thousand $1,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually.
    10·1 answer
  • ________ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right things and act in
    14·1 answer
  • Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshak
    7·1 answer
  • Belltower, Inc. has net income for 2016 of $370,000. At January 1, 2016, the company had outstanding 54,000 shares of $50 par va
    10·1 answer
  • When two or more persons work together to circumvent internal control procedures and commit a fraud, this is called.
    6·1 answer
  • In 2017, Hurricane Irma had a significant, negative impact on the orange harvest in the state of Florida. The U. S. Department o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!