ANALYSIS OF KENYA’S GOVERNMENT REVENUE From the analysis Taxes seem to be the major source of revenue to the government since in the year 2006/7 it accounted for 93.16% of the total revenue‚ in the year 2007/8 it accounted for 94.91% of total revenue and in the year 2008/9 it amounted 94.71%. This is a good sign since the tax revenue/total government revenue is ideally required to be above 50%. The following classes of taxes were the major sources of revenue for the government: • Taxes on income
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Government spending and revenues in China and America International accounting four 0092962 Chen Yuting Public finance is a subject about the taxing and spending activities of government. Considering the function of government‚ two opposite views stand out. One is organic view of government. The main idear is that the government can be though of as the society’s heart. Another is mechanisitic view of government. It insists that government is not an organic part of society while it is a contrivance
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(2) P is a square of a prime number. (a) Statement (1) BY ITSELF is sufficient to answer the question‚ but statement (2) by itself is not. (b) Statement (2) BY ITSELF is sufficient to answer the question‚ but statement (1) by itself is not. (c) Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question‚ even though NEITHER statement BY ITSELF is sufficient. (d) Either statement BY ITSELF is sufficient to answer the question. (e) Statements (1) and (2) TAKEN TOGETHER are NOT sufficient
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Revenue‚ Cost Concepts‚ and Market Structure Rachel Mitchell EC 561 August 2‚ 2010 Professor Laurie Gazzale Revenue‚ Cost Concepts‚ and Market Structure Thomas Money Service (TMS) originated as a consumer finance company in 1940‚ granting small loans to individuals for household needs. Over time‚ its services expanded to financing business loans and commercial real estate loans. In 1946‚ TMS made the decision to embark upon equipment financing and a subsidiary named Future Growth Inc. (FGI)
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NFL Revenue Sharing To many the NFL may be considered America’s greatest sports league. The league definitely has the numbers to back up this claim. The ever-growing sport has maintained keen interest from fans all across the world‚ all the while generating enormous amounts of revenue. Currently the league rakes in close to $9 billion annually. The success of the NFL is something to marvel at. Even in a shaky economy the NFL continues to flourish. What is interesting about the NFL is how the
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income statement and statement of cash flows used to make business decisions? The income statement reflects the company’s financial performance by showing how much money was generated (revenue)‚ how much was spent (expenses)‚ and the difference (profit) between the two over a period of time. It is divided into the operating and non-operating sections. It can also tell how much money shareholders would receive if the company were to distribute all of its net earnings. The cash flow statement provides
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subsequent cash receipts are included in income. The cost recovery method is used when the uncertainty of collection of the sales price is so great that even use of the installment method cannot be justified. Under the cost recovery method‚ both revenues and cost of sales are recognized at the point of sale‚ but the related gross profit is deferred until all costs of sales have been recovered. Each installment must also be divided between principal and interest‚ but unlike the installment method
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independent and find a job. Athletes have school and sport practice so it is hard for them to find a job that compatible with school and practice. Athletes are not being paid by people money or tax; in fact‚ the revenue they make‚ they get from it. If the athlete making millions and all the revenue goes to the university that is not fair‚ because the athlete worked too hard to earn this money. However this essay will be focusing on should athletes be paid? People don’t want athletes to be paid as
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Bal. $30 | | (c) | Made sales of $1‚300‚ all on account. Debit | CreditAccount Receivable $1‚300 |Service Revenue | $1‚300 | (d) | Received $800 from customers in payment of their accounts. Debit | CreditCash
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Financial Statements December 18‚ 2012 Financial Statements There are four main types of financial statements in the account world. Each statement has a difference focus and importance. Managers‚ creditors‚ and investors to learn about a company’s financial status and to make decisions about the company use the financial statements. Each financial statement type will briefly be defined and explained in this paper. Also‚ why these statements are of interest to managers‚ creditors‚ and investors
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