Defination Deficit Financing Deficit budget means that Govt. expenditure is more than its income from taxes and fee etc. Resources for deficit budget are met by borrowing‚ which is called Deficit Financing. In Pakistan deficit financing is needed because development programs require huge finance whereas domestic savings and income from taxes are not sufficient enough for this purpose. Increasing savings habits‚ population control‚ elimination of corruption‚ decrease in non-productive expenditure
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respectively. Her monthly payment on an automobile loan is $375. What is Louise’s debt payments-to-income ratio? Is Louise living within her means? (LO 5.3) Louise’s Gross Income = $3‚000 Less: Income taxes = -700 Less: Social Security Tax = -250 Less: IRA contribution = -100 Net take-home pay = $1‚950 Her monthly payments on VISA‚ MasterCard‚ and a car loan add up to $500 per month. Louise’s debt payments to income ratio is 500 to 1‚950‚ or 25.6 percent. This ratio exceeds
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source of finance‚ internal source (for ex: retained profits‚ sales of existing assets‚ cut down stock level‚ etc) and external sources that can be furthermore divided into three different form‚ either short term (for ex: bank overdraft‚ creditors‚ debt factoring etc)‚ medium term (leasing‚ hire purchase‚ medium term loan‚ etc) or long term (shares‚ debentures‚ long term loan‚ etc). So the business can raise finance in number of ways. It also depends on the nature of business‚ if it is a big organisation
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QUESTION 1. Equity has made the law more fair. Discuss Equity can be defined in a technical sense as a branch of law administered by the court of chancery before the passing of the Judicature Act (1873-1875) with a view of supplementing the common law rules. Equity developed because of the problems of the common law. The word ’equity’ has a meaning of ’fairness’ and this is the basis on which it operates. The existing law as at the time equity arose was common law‚ equity acted as a supplement
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The word ‘equity’ can be seen to have a wide range of meanings- to many it is a synonym for ‘fairness’ or justice’. Those within the legal community recognise equity as the body of rules developed and applied by the Court of Chancery; a court previously presided over by the Lord Chancellor with rules developed under his authority. The law of equity developed due to the inflexibility of the common law. Before the development of equity‚ The law was rigid (which was often cited as a weakness) for example
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Financial Statements Paper Your Name Principles of Accounting – ACC/280 Date Instructor Name Financial Statements Paper The purpose of accounting is to provide a means of reporting‚ recording‚ summarizing‚ and interpreting economic data within an organization. Accounting is used by everyone in one form or another. Everyone should have a basic understanding of accounting as it could be extremely beneficial to everyone. Within every company there should be an accounting department
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Your Spiritual Gifts | | | | |Gift | | | |Measure of Spiritual Gift | | | |Score | | | |
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Personal Reflections Amanda F. PSY/400 January 20‚ 2014 Nicoletta Nance Personal Reflections The concept of self in the social world has been the subject of psychology studies for decades. Self-concept is defined as “a person’s answers to the question‚ “Who am I?” (Myers‚ 2010). Several factors‚ both internal and external‚ create each individual’s sense of self. Self-concept‚ self-esteem‚ self-knowledge‚ and social self all help create the sense of self. Self-schemas are an important
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effectively mitigate risks associated to whether the project is financed through Project Financing or Debt Financing. Project Financing Benefits - PDVSA can get into a joint venture with a private firm Higher flexibility from preserved debt capacity More foreign investments from larger private markets Reduced corporate taxes‚ tax rate reductions and tax holidays in project finance deals Payment of 34% income tax versus 67.7% income tax rate if financed by Maraven Costs High cost of political risk insurance
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Get Out of Debt Starting Right Now Personal Debt If you are in debt‚ you need to get rid of this financial and emotional nuisance as soon as possible. Never mind your credit rating. Do whatever it takes to become debt free and never borrow again. There is no financial advantage to having debt. In years past‚ there would be people who would talk about good debt and bad debt. Of course‚ good debt was money borrowed for investment purposes and was usually a mortgage for a home. We learned in 2008
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