SOURCES OF BANK’S INCOME A bank is a business organisation engaged in the business of borrowing and lending money. A bank can earn income only if it borrows at a lower rate and lends at a higher rate. The difference between the two rates will represent the costs incurred by the bank and the profit. Bank also provides a number of services to its customers for which it charges commission. This is also an important source of income. The followings are the various sources of a bank’s profit: 1
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expected to be repaid these funds in no more than one year. In October baker’s ownership interest in the firm was sold out equally to Able and Cabot‚ with Baker receiving a total of $110‚000 in notes and cash from Able and Cabot. The firm had $12‚000 net income for the year. Able and Cabot planned to incorporate the firm as of January 1‚ 20X2. Prepare a statement of invested capital for the partnership as of December 31‚ 20X1. 20X2: The firm was incorporated on January 1‚ as planned. The articles of
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Jaden du randt Racial inequality Racial inequality is not good because it can lead to all sorts of things. A good understanding in what racial inequality is and what it can do to people is that it can happen to them and it can lead them to not get a good education which leads to not having a good job which can lead to income inequality. Racial inequality is still a problem in America‚ but there are ways to fight against it. School segregation is making kids not get a good education
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Circular Flow of Income Model We start our study of macroeconomics Macroeconomics is a part of the subject that considers the economy as a whole. When we study macroeconomics we look at changes in economic growth; inflation; unemployment and our trade performance with other countries (i.e. the balance of payments). The scope of macroeconomics also includes an evaluation of the relative success or failure of government economic policies. by introducing the idea of the circular flow The circular
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$230‚000 per year‚ covering both stand-by duties and normal duties‚ gives rise to assessable income.1 Nonetheless‚ her normal travel expenses from home to the place of employment or business are not deductible under Section 8-1 as such costs are not qualified to satisfy the positive limb of the general deductions provisions‚ that is‚ they are not sufficiently related to the production of assessable income.2 Rather‚ the normal travelling expenses are incurred because of a private choice to live somewhere
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1. Define difference and inequality Difference as per the dictionary definition would convey the points of dissimilarity for example the observational differences between men and women‚ however difference in the social sciences and humanistic context‚ difference contrasts‚ social groupings such as the different nationalities‚ ‘gender‚ class‚ age or sexuality’1However difference is not limited to these alone it may take the form of the attitudes and preferences held by individuals. Distinction
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Inequality appears all over in today’s society and a majority of people see it as a major problem that is inevitable. Inequality comes in many different forms from racial inequality‚ gender inequality‚ but this paper will focus on economic inequality. Economic inequality becomes a problem for our society both socially and economically. Based on the film I found it to create a social problem with the middle class’ declining income‚ and I found that it creates an economic problem when wages don’t
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POVERTY‚ INEQUALITY‚ AND CRIME "Poverty is the normal condition of man" (Robert Heinlein) Poverty‚ or stratification by social class‚ was the first sociological variable ever looked into as a possible cause of crime. Some sociologists would say religion was the first sociological variable‚ but the field of criminology claims a slightly different heritage. There are two reasons why social class and poverty came to be of particular interest: (1) it was an enduring social problem in all societies
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“Wealth inequality can be described as the unequal distribution of assets within a population. The United States exhibits wider disparities of wealth between rich and poor than any other major developed nation‚” (www.inequality.org) There are two factors that I believe contribute to the wealth gap are income and race inequalities. As the gaps widen within those two factors‚ the wealth gap in the United States continues to grow exponentially. Is there a difference between being rich and being wealthy
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Steven Bernal Income Distribution Egoist The manner in which Income is being distributed in today’s society is not efficiently benefiting individuals. Struggling businesses are unable to afford an adequate number of employees due to minimum wage requirements and this in turn is taking away the opportunity of less qualified personnel to obtain the position for less pay and receive training. People are looking to tax inheritance in hopes of creating a more equal opportunity for everyone
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