Baker inc. acquired equipment from the manufacturer on 10/1/2018 and gave a noninterest-bearing note in exchange. baker is obligated to pay $918,000 on 4/1/2019 to satisfy the obligation in full. if baker accrued interest of $9,000 on the note in its 2018 year-end financial statements, what is its imputed annual interest rate? a. 4%. b. 6%. c. 2%. d. none of these answer choices are correct.

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.

Iwould say the answer is 4.