Steve purchases some land for $30,000. he maintains it, but makes no improvements to it. one year later he sells it for $32,000. stephanie puts $30,000 in a savings account that pays 6% interest. steve has to pay the 50% capital gains tax, stephanie is in the 35% tax bracket. the inflation rate was 2%. who had the higher before-tax real gain and who had the higher after-tax real gain?

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.