An investor's portfolio currently is worth $1,000,000. During the year, the investor sells 1,000 shares of Fedex at a price of $90 per share and 5000 shares of Cisco systems at a price of $15 per share. The proceeds are used to buy 1000 shares of IBM at $165 per share.

What was the portfolio turnover rates?

If the shares in Fedex originally were purchased for $80 each and those in Cisco were purchased for $12.50, and if the investor's tax rate on capital gains income is 15%, how much extra will the investor owe on this year's taxes as a result of these transactions?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.