NATIONAL INCOME:- What is National Income? National Income is the sum that is total money value of all the goods and services produced in one accounting year. So when we talk about goods and services we are only talking about the final goods and services and not the semi processed‚ when we take the money value of all the goods and services produced within the domestic boundary on India only and to not other countries. CONCEPTS OF NATIONAL INCOME IN TERMS OF MARKET PRICE:- 1) Gross Domestic
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*What are the formal properties of art? Color lines contract texture composition Relief sculpture: a type of sculpture in which forms project from a background surface. Why Piet Mondrian take this seriously‚ Vandoesberg not? M is trying to represent the dynamic balance between a opposing natural forces by using horizontal and vertical lines. He is serious because Van has fundamentally different idea about representing his balance. Feature: balance of vertical and horizontal lines‚ structured‚ controlling
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AGRICULTURAL INCOME What is agricultural Income Section 2(1A) (a) any rent or revenue derived from land which is situated in India and is used for agricultural purposes; (b). any income derived from such land by agricultural or by the process employed to render the produce fit for market or by sale of such produce by a cultivator or receiver of rent-in-kind; (c). any income derived from a building provided following conditions are satisfied: - (i). The building is situated on or immediate
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Importance of National Income Statistics There are several important uses of national income statistics and‚ therefore‚ there is great need for their regular preparation. National income estimates provide not only a single figure showing the national income‚ but also supply the detailed figures in regard to the various components of the national income. It is both the figure of national income and the details regarding its various constituents that throw light on the functioning and performance
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of federal income tax. It helps to identify the different terms that are associated with income tax. It will point out how calculations are formed to paying taxes or getting a refund. This essay distinguishes the importance of your income and knowing what taxes you will be paying. Federal income taxes can be complicated and hard to file. But‚ knowing how it works can help save money‚ understand how it’s calculated‚ and what is determined in taxation. Income tax includes your income‚ deductions
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A management control systems (MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human‚ physical‚ financial and also the organization as a whole considering the organizational strategies. Finally‚ MCS influences the behavior of organizational resources to implement organizational strategies. MCS might be formal or informal. The term ‘management control’ was given of its current connotations by Robert N. Anthony (Otley‚ 1994)
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Income Effect The equilibrium of the consumer is obtained on the basis of the assumption that the income level of the consumer remains constant and prices of the two commodities also remain constant. When income of the consumer changes or when any price level changes the equilibrium position will be affected. When income increases‚ prices of the commodities remaining the same‚ the budget line shifts parallel to the right. This happens because there is a change in the intercept part of the equation
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“Family Income” Wage- Is the money amount receive daily for rendering service. Received by unskilled semiskilled‚ and skilled workers or blue-collar workers. A salary is the amount of money received monthly by professionals or white-collar workers. IN ADDITION TO WAGES OR SALARIES‚ SOME FAMILIES HAVE OTHER SOURCE OF INCOME THIS INCLUDE THE FOLLOWING: 1. Dividends from investments in bonds & stock. 2. Gifts from relatives & friends. 3. Inheritance. 4. Rentals from apartments
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Donald Trump — he’s currently the hottest topic of discussion in American politics. Trump is gaining popularity as a presidential candidate‚ and is consistently performing well in polls. The question is‚ why do so many people view Trump as a solid candidate to lead the Republican Party and the United States? With a strong sense of patriotism‚ Trump asserts his ideas confidently and honestly. He isn’t afraid to speak out‚ regardless of how outrageous his opinions are. Trump’s transparency makes him
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Who is SuperHeroes LLP accountable to? And what is it accountable for? SuperHeroes LLP is accountable to its customer‚ Good City. More specifically‚ SuperHeroes LLP is directly accountable to the mayor of Good City. In addition‚ the members of SuperHeroes LLP are accountable to each other and to their CEO‚ Catrix. SuperHeroes LLP is accountable for doing the job they were hired to do‚ which is lowering crime and keeping the citizens safe while causing minimal damage in the process. What keeps
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