Hardworking, a perfectionist, a bit of a loner, and maybe a bit of an over-achiver.
Answer:
Annuity received is taxable income at Conor's death and must be included in the gross income while filing tax return.
Explanation:
The amount received as an Annuity is taxable and must be included in the gross income while filing the tax returns. This means that the related costs will also be deducted e.g, fees paid, etc. However the return that wasn't received would not be considered as income as Conor didn't received it. Hence the annuity received is treated as taxable income and must be included in the gross income.
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Answer:
66.7%
Explanation:
Given that,
Design capacity = 6 furnaces per day
Effective capacity = 5 furnaces per day
Efficiency ratio if it repairs an average of 4 furnaces per day:
= (Actual capacity ÷ Possible capacity) × 100
= (4 per day ÷ 6 per day) × 100
= 0.667 × 100
= 66.7%
Therefore, the efficiency ratio is 66.7 percent.
Answer:
Expectations:
- Interest rates to increase
- Prices of existing bonds to decrease
Explanation:
The price of loanable fund is the interest rates, so if the demand is expected to increase and the supply is expected to decrease as any other good, the price (interest rates) is expected to increase.
And if the interest rates are expected to increase, so does the discount rate used in the bond pricing formula, known as the bond's yield to maturity (YTM), so the bonds prices are expected to decrease.
