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 and Explanation: From the following given case or scenario, we can state that Wanda and Jim next logical step should be to collect the data and information in order to create a detailed design of the project. Wanda and Jim can collect the data and information using several methodology such as surveys, sites, questionnaires and interviews etc.
Answer: Demand and utility
Explanation:
Richard's property has a lot of items that needs fixing and buyers who come around want to purchase houses that are already made, this would affect the demand for Richard's property, the demand would be very low, so low that the pricing for the property would not come close to what Richard placed for it. The buyers are looking at what they can gain in the property (utility) before investing money, they are avoiding buying the property and still spending more money to put it in shape and make it favourable for themselves. Richard has a lot to do in his property if he wants a high demand for it.
Answer:
$15,000
Explanation:
Calculation to determine what Legion should pay as cash interest for the six months ended June 30, 2021
Cash interest for the six months ended June 30, 2021 =$300,000*10%*6/12
Cash interest for the six months ended June 30, 2021=$15,000
Therefore Legion should pay cash interest for the six months ended June 30, 2021, in the amount of $15,000
Answer:
The correct answer is Medium of exchange, Unit of account, store of account.
Explanation:
Money offers four main functions in an economy: medium of exchange, unit of account, deposit of value and deferred payment standard. Means of payment means that money is used to make transactions. Unit of account also refers to the measure of value, that is, prices are established in terms of money, of this unit.
The deposit of value means that value, the satisfaction of desires and needs, can be stored over time, using money. Deferred payment standard means that future payments, such as the payment of a car loan, are also established in terms of monetary unit.