This usually happens upon reaching a determined age‚ when physical conditions do not allow the person to work any more. • Retirement could also be due to personal choice-either due to adequate pension or personal savings or due to a regular unearned income like interest‚ rents etc. • The retirement age varies from country to country but it is generally between 55 and 70. • Certain jobs‚ which are of dangerous nature or of fatiguing nature‚ may have an earlier retirement age. Support and Funds
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come o National Income National Income is the sum of all the goods and services produced in a country‚ in a particular period of time. Normally this period consists of one year duration‚ as a year is neither too short nor long a period. Concept of National Income:- 1. Gross National Product (GNP):- GNP at market price is sum total of all the goods and services produced in a country during a year and net income from abroad. Net Factor Income from Abroad GNP at Market Price Gross
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because the sales of Company B are 3.4 times higher than the sales of Company A‚ so even the large expenditure doesn’t affect the Net Income. Answer 3: A: = $211686/$415072*100 = 50.99% or Say 51% B: If Cost of Goods Sold of Company B is 58%. Than COGS = $240742 and Total Operating Expenses are $149025. Hence $415072-$240742-$149025 = $25305. Therefore Net Income will be lower by ($54361-$25305) = $29056. Case 2 Answer 1: Cost of Goods Sold (50% of $110000) = $55000. Answer
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yourself for the audit by writing down your answers to the following questions: 1. What are the club’s main sources of income? The Western Cape Soccer Club would have a few income accounts to counter the expenses of the club. Most not too different from any type of club you would be able to find. i. Firstly would be Membership fees. This should be the biggest source of income for any club and is a good indicator to show how well your business is doing and how many people want to be a part of your
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Instead‚ Americans seem fascinated by polls and surveys on the distribution of incomes. These surveys show that incomes are less evenly distributed than they were 20 or 30 years ago. In 1973‚ the richest 5 percent of all families had 11 times as much monthly pay as the poorest 5 percent. By 1996‚ they had almost 20 times as much. Not only the difference of income should concern us. The system that gives out the incomes should be looked into as well. I would say that you cannot judge the fairness
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For example‚ one approach that I disagreed with was increasing the retirement age for full benefits. I do not believe that this approach would be fair for people who work in a much physically demanding job; which tend to be those of the middle – low income class‚ who rely on the benefits of Social Security the most. I personally don’t believe that our Social Security benefits should be capped with an age limit because everybody does not “age” the same. Another solution I did not agree with was cutting
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Analysis of the Internet Software and Services Industry BE 530 Course Project Winter 2012 Tingting Xu Introduction The industry I have chosen for this project is the Internet Software & Services. Companies in the Internet Software and Services Industry develop and market internet software and provide internet services including online databases and interactive services‚ web address registration services‚ database construction‚ and internet design services‚ to name a few Information
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a return if (i) unearned income was over $750; or (ii) earned income was over $3925; or (iii) total of earned and unearned income was at least $5 and your spouse files a separate return and itemizes deductions; or (iv) total of earned and unearned income was more than the greater of a) $750; or b) earned income (up to $3675) plus $250. 1) Kevin is 25 years old and can be claimed as a dependent by his mother. He had earned income of $3500 and unearned income of $700. Kevin’s wife Linda
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Research Paper on Sustainable Low- Income Housing The most successful‚ long term‚ low-income housing projects are those that use sustainable design and address the social‚ cultural‚ and economic needs of residents. Traditionally built low-income housing projects are associated with high crime rates and high mortality rates among the residents who live in them. They do not provide for the needs of residents‚ resulting in many of the problems these low-income housing projects face today. These problems
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what means that for every dollar of invested capital Costco acquires $2.04 worth of assets in 2001 versus $2.22 worth of assets in 1998. This may indicate that less assets are being acquired‚ therefore less sales may be generated‚ therefore less net income‚ therefore less return for shareholders and less attractive investment opportunity. 4. Assets represent the sum of capital Costco uses at any given time. Thus‚ return on assets (ROA) is a measure of Costco’s overall profitability. Costco’s ROA experienced
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