What is profit tax? According to Inland Revenue Ordinance s 14 “Charge of profits tax”‚ profit tax is chargeable on every person: Carrying on a trade‚ profession or business in Hong Kong; and In respect of his assessable profits arising in or derived from Hong Kong from such trade‚ profession or business.1 What is person? A person may include: A corporation; Partnership; Trustee‚ whether incorporated or unincorporated; and Body or persons.2 In this case‚ the Taxpayer (“T”) is a private company
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financial budget 2. Declaration of the quarterly dividend 3. adoption of a compensation scheme for Oleg Pinchuk WHY: Why does this profitable company need to aggressively Is the aggressive penetration in the Ukraine so wise Does it pay off in profit or more dividend WHEN: January 2001 in 1994 new equipment after fire late 1998 expansion in Ukraine market (following the dissolution of U.S.S.R.) Some findings (Sander) Current production facility is almost maxed out In 2000 company
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of economic profit and studying the finer points of its calculation require an understanding of its underlying principles. Here we look at how it matters as a performance measure - which is distinct from a wealth metric - and how it is closely related to market value added (MVA). Finally‚ in establishing an overall picture of economic profit‚ we help you undo any perceived complexity by showing how all of the calculations surrounding economic profit originate from three main ideas. Economic Profit Is a
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ALTERNATIVE MARKET STRUCTURES It is traditional to divide industries to categories according to the degree of competition that exists between the firms within the industry. There are four such categories. At one extreme is perfect competition‚ where there are many firms competing. Each firm is so small relative to the whole industry that it has no market power to influence price. It is a price taker. At the other extreme is monopoly‚ where there is just one firm in the industry‚ and hence no competition
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motivation to set prices for their products that maximise profits This assumption is now heavily criticised by economists who have studied the organisation and objectives of modern-day corporations. Not only do most businesses frequently move away from pure profit-seeking behaviour‚ many are organised and operated in a way where profit is not the only objective. Key Point: There will always be a range of business objectives: 1. Profit maximisation (where MR=MC) 2. Revenue maximisation (sales
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products‚ 2 constraints I Observations about initial solution: 1. Max OF = $15‚263.16 2. Optimal Soln: X1 = 2894.74 X2 = 263.16 3. X1 is more than 10 times X2 4. Profit: X1 = $5.00 & X2 = $3.00‚ profit margin of IPODs is 166% larger than DVD’s not 10 times. 5. Conventional approach: product mix is dependent on profit margins. II Observations about constraints 1. LHS = RHS for both constraints‚ no leftover resources. 2. Limitation on resources constrains expansion of product mix
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The Micro Chip Computer Corporation Shows a total of net sales for the years of 2000 – 2004. The total net sales have seemed to drop since 2000. I will compute the year-to-year percentage annual growth in total net sales by taking the current year total net sales and subtracting the previous years. I will then multiply that by 100 and then divide that by the previous year’s total net sales. This will give me the annual percentage growth. The formula will be (current year total net sales – previous
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using the following financial ratios: Gross Profit‚ Net Profit and Rate of Return on Owner’s Equity. The Gross Profit Ratio tells the business the relationship between gross profit and sales and the amount is used to cover the operating costs of the business. This ratio is calculated by finding the gross profit ratio and dividing it by the net sales‚ then multiplied by one hundred to put it as a percentage. Last year Peter Sharpe’s business had a gross profit ratio of 41.33% and in comparison to the
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measures include such accounting profit measures such as net income‚ operating profit‚ EBTDA or residual income. Ratio measures consist of such things as ROI‚ ROE‚ return on net assets‚ or risk adjusted return on capital. Reasons for the use of accounting information in performance measures are due to Accounting based measures being Precise‚ Objective‚ Timely‚ Understandable‚ & Cost Efficient thus meeting the measurement criteria satisfactorily. As Accounting Profits & Returns can be measured on
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the respective companies in terms of liquidity (the ability to pay short-term liabilities and respond to opportunities)‚ solvency (the long-term viability of the company) and profitability (the efficiency at which the can turn it’s resources into profits). However‚ the snapshot picture of health that a single years worth of financial statements provide is not enough. Below we have offered a horizontal analysis of the respective companies to show the change in their health from 2012 to 2013 and analyzed
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