Answer: d. is not deductible.
Explanation: Annuity cancellation is possible before the specified term of the contract which may occur due to poor performance or other needs best known to the holder of the contract. However, when cancellation clause of an annuity is triggered, the holder may have to bear with losses arising from the cancellation in the form of Fall in the net asset value at the time, that is if the net asset value is lower than the cost basis, this is classed as ordinary and is deductible. However, the insurer also charges a non-deductible surrender charge upon cancellation.
Answer:
a. total money ; quantity of money
Explanation:
Money multiplier
Under the fractional - reserve banking system , the closely related ratios of the commercial bank money to the central bank money or the monetary base , is called the money multiplier .
It measures the maximum amount of money , that a commercial bank can make , on ignoring leakage in the currency by the non - bank public .
The value of money multiplier can be calculated as the total money in present in the economy , divided by the original quantity of money .
Answer:
Yes.
Explanation:
Given that,
Price of low-quality apples = $1 per pound
Price of high-quality apples = $4 per pound
Marginal utility of low-quality apples = 3 utils
Marginal utility of high-quality apples = 12 utils
Equimarginal:
(Marginal utility of low quality apples ÷ Price per apple) = (Marginal utility of high quality apples ÷ Price per apples)
(3 utils ÷ $1) = (12 utils ÷ $4)
3 = 3
Yes, Timmy is maximizing his utility as his equimarginal utility is same for both the goods as shown above.
Answer:
$4,000
Explanation:
The difference between the face value of note and the issuance value of the note is discount. This discount is recorded and amortized over the note life to maturity. As the note is for 6 months and There are also six months from June 30, to December 31. So, all the Discount of $4,000 ($50,000-$46,000) will be recognized as Interest Income. This discount can be amortized and recognized as Interest Income on monthly basis or collectively at the year end.
The definition of inhumane is something cruel and unkind
