the bookkeeper compares average budgeted per unit revenues and costs to average actual per unit revenues and costs. This approach implicitly assumes that all costs are strictly variable; only variable costs should be constant on a per unit basis. The average fixed cost should decrease as the level of activity increases and should increase as the level of activity decreases. In this case‚ the actual level of activity was greater than the budgeted level of activity. As a consequence‚ the average cost
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Huffman Trucking Income Statement / Vertical Analysis December 31st‚ 2006 | In Thousands$ | Percent of Net-Sales(Rounded) | | 2006 | 2005 | 2006 | 2005 | Revenues | 879‚944 | 807‚288 | 100% | 100 | | Operating Expenses | | Salaries‚ Wages & Benefits | 353‚739 | 330‚597 | 40% | 41% | Fuel Expense | 217‚363 | 192‚357 | 25% | 24% | Operating Supplies & Expenses | 152‚318 | 136‚319 | 17% | 17% | Purchased Transportation | 89‚957 | 82‚429 | 10% | 10% | Operating Taxes
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Land as defined by FAO (1976) is “an area of earth’s surface‚ the characteristics which embrace all reasonably stable or predictably cyclic attributes of the biosphere vertically above and below this area‚ including those of the atmosphere‚ the soil‚ the underlying geology‚ the hydrology‚ the plant and animal population and the results of the past and present human activity‚ to the extent that these attributes influence on the present and future use of the land.” Land is an essential natural resource
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INTRODUCTION The subject of economic growth and equitable distribution of income of any country is an economically important one. The fulfillment of economic development in each country is based on achieving two goals‚ including fairly rapid economic growth and income distribution in society. More growth and better distribution is not possible at the same time-some economist argued. So it needs to make trade-off. The issue of growth and income distribution is very much concerns to the economist and it is still
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MACRO-ECONOMICS ASSIGNMENT TOPIC: NATIONAL INCOME ACCOUNTING IN INDIA WITH REFERENCE TO THE YEAR 2010-2011 What is NATIONAL INCOME? The concept of National Income is worth elaborating as it is the index of economic development. Innumerable varieties of goods are produced in an economy in a year. These goods or output are expressed in monetary terms. The aggregate of monetary values of all verities of goods produced in a country during a given period‚ usually a year is called National product
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Nature of the tax The income tax on individuals is a personal‚ direct tax levied according to the principles of equality‚ universality and progressivity‚ the income of individuals according to their nature and their personal and family circumstances. Article 2. Object of the tax The object of the taxpayer’s income tax‚ understood as the entirety of their income‚ capital investments and losses and income allocations established by law‚ regardless of where they may have occurred and regardless
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illustrations 6 items chargeable under the head "Income from other Sources". The 6 items chargeable under the head “Income from Other Sources” are: 1. Insurance commission: Mr. A‚ a B. Com. Graduate‚ is an LIC agent and sells policies. The commission he earns on selling the policies will be taxable under Income from Other Sources. 2. Dividend income: Mr. B an Indian resident and shareholder of XYZ Co. (based in USA) receives dividend on those shares. This dividend income will be charged
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world. Adding to this struggle the urge to integrate into the international system while keeping the balances right at home has been another macro-level concern. In conjunction such liabilities not only necessitates the examination of fiscal and structural reforms but also the international trends as well within an historical framing. For that matter the case of China is fascinating in terms of blending these elements of economic and political changes in the last 30 years. However this attempt is not
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Monroe Doctrine The Monroe Doctrine set the tone for foreign expeditions during the late 1800s and early 1900s. During this time period‚ the United States stayed as neutral as possible when it came to European conflicts. Under the Doctrine the U.S could also validate any reason to explore elsewhere in order to expand the United States’ range of affairs. Using the idea of manifest destiny‚ Americans felt as though it was their duty to try to expand the United States beyond the oceans as they had
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Low Income Housing Community Low Income Housing Community Low income housing is a unique geopolitical and phenomenological community that is within identified boundaries and a governing system that share common goals and interests. Within this type of community people may have barriers and challenges that they are facing every day to live comfortably in their habitat. The community nurse will assess the people of the community by using Gordon’s 11 functional health patterns and utilizing the
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