Answer:
TBC means “To be confirmed“. It is used to describe an item that is not yet certain or is being developed.
Explanation:
Answer:
savings
Explanation:
Savings are part of income kept aside to be used in the future. Savings can be done in lump sum or phases. The amounts saved maybe some specified or unspecified purposes. One reason why saving is encouraged is to create a fund for use in times of emergency.
The general rule is that individuals or households should have at least three times their monthly expenditure as savings. The funds should be in a safe and accessible place, such as a bank account. Financial planners will always insist on creating a fund for use when the unexpected happens.
Answer:
A. interest earned from state bonds
Explanation:
Since this is about the federal level tax, and the bonds in the statement are state bonds, they are <u>not taxable at federal level</u>. Everything mentioned in other examples (prizes, awards, commisions...) is taxable, no matter if it goes into earned or non-earned income.
However, these bonds can be taxable at state level, but that is irrelevant for this question.
Answer: 25%
Explanation:
The Sharpe Ratio will be calculated by using the formula:
= (Rp−Rf)/σp
where,
Rp = return of portfolio = 0.08
Rf = risk-free rate = 0.03
σp = standard deviation of portfolio’s excess return = 0.20
Therefore, Sharpe Ratio will be:
= (Rp−Rf)/σp
= (0.08 - 0.03)/0.20
= 0.05/0.20
= 0.25 or 25%
The Sharpe ratio is 25%.
