If the inflation rate was 3.00% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year?

Misty Company reported the following before-tax items during the current year: Sales $600 Operating Expenses 250 Restructuring charges 20 Extraordinary loss 50 Misty's effective tax rate is 40% What would be Misty's income before extraordinary items?

What is contractionary policy used for?

Courts use a two-prong test to determine whether it has personal jurisdiction over an out-of-state defendant.

If a monopolist is producing a quantity where marginal revenue is equal to $16 and the marginal cost is equal to $17, the monopolist should

A group of related fields such as all the demographic information for one customer is called

What is a cottage industry?

Tom is a mushroom farmer and he invests all his spare cash in additional mushrooms, which grow on otherwise useless land the mushrooms double in size during their first year, after which they are harvested and sold at a constant price year round.

For 2019, Eric is a self-employed financial consultant. During the current year, Eric's net self-employment income is $132,150. The OASDI rate is 6.2%; the MHI rate is 1.45%. Hint: OASDI 6.2% tax is on the first $132,900 for the year.

The long-term liability section of Rainbow Digital Corporation's balance sheet as of December 31, 2020, included 10% bonds having a face amount of $1,000,000 and a remaining discount of $139,294.

On January 1, 2017, Hannigan Company issued bonds with a face value of $600,000. The bonds carry a stated interest of 7% payable each January 1. 1. Prepare the journal entry for the issuance assuming the bonds are issued at 97. 2.