3 THE PAYMENT OF BONUS ACT‚ 1965 Learning Objectives In this Chapter‚ the students will understand the♦ Applicability and non-applicability of the Act to certain classes of establishments and employees ♦ Computation of profits for the purpose of calculation of allocable and available surplus for the purpose of determination of bonus ♦ Set on and Set off of allocable surplus ♦ Percentage limits for minimum and maximum bonus ♦ Other miscellaneous provisions 3.1 Introduction This is an Act intended
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Key Financial Relationships: Bank of America and Wells Fargo Bank of America and Wells Fargo are separate banks‚ however; both of these institutions share many similarities when reporting their financial statements. The inter-relationships of the data provided in the statements seem to exemplify the correlation of accounting practices between these two banks. As large as these two banks have become‚ and as complex‚ one can see that the banks’ roots are still tied firmly to the basic accounting
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have the right to vote‚ and they should be encouraged to have a vote‚ but should not be forced. Though it is your choice‚ voting has been such a quandary to where people decide who can and cannot vote. Hundreds of years ago‚ when America was first established‚ the qualifications in order to vote were that you had to follow the dominant church‚ you had to be male‚ and white. Women‚ blacks‚ and non-Christians were discriminated against and did not have a voice. America did not give the people the equality
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Qualification in Human Resource Management 75th Batch at the Institute of Personal Management Sri Lanka (IPM). The case is about the SerendiB Bank which was playing a successful monopoly game in the Bankers field where only two other local banks were held due to the Government regulations towards the implementation of foreign banks in the country. The SerendiB Bank was leading the country with a staff of 9‚800 at the branches operating in each leading town island wide. Very recently; on its 50th
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economic problems the United States is currently experiencing can be directly attributed to the housing crisis. Depending on whom you ask the housing crisis can be blamed on people biting off more than they can chew‚ or predatory lending practices by banks and mortgage companies. This is not a one sized solution fits all answer‚ both actions contributed to the housing troubles we as a country are currently experiencing. The housing crisis can be summarized as the over evaluation of house values in
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ANALYSIS OF ELECTRONIC PAYMENT SYSTEM IT 205 SEPTEMBER 1 2011 ANALYSIS OF ELECTRONIC PAYMENT SYSTEM The three major types of electronic commerce are business-to-consumer (B2C)‚ business-to-business (B2B)‚ and consumer-to-consumer (C2C). Mobile commerce‚ or m-commerce‚ is the purchase of goods and services using handheld wireless devices. B2C or Business to Consumer‚ involves retailing products and services to individual shoppers. Barnesandnoble.com‚ which sells books‚ software‚ and music
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The Cheating Losers Students across America are developing new ways of cheating. They use their cell phones‚ pda’s‚ friends‚ and notebooks to obtain answers. This is a ridiculous way to learn because it is unfair to the majority of the students that actually go home and study. In some schools teachers approve of certain cheating methods. Regardless of the case cheating is wrong and should be banned from all schools nation wide. In Dayton‚ Ohio‚ students had to take state-wide math tests.
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to create‚ store‚ share‚ and use the organization’s experience and knowledge? a. TPS (transaction processing system) b. MIS (management information system) c. DSS (decision support system) d. KMS (knowledge management system) System users‚ business managers‚ and information systems professionals must work together to build a successful information system. 6. What involves creating or acquiring the various system components (hardware‚ software‚ databases‚ etc.) defined in the design step
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Arab Business Etiquette vs. American Business Etiquette Business etiquette is very important‚ wherever you are in the world. It can make a huge difference to the success of your business and it can make or break a deal. Most businesspeople are familiar with the correct business etiquette when they are working in their own country‚ with someone who shares the same customs‚ language and culture‚ but cross-cultural business etiquette can be a big challenge. The differences between the ways in which
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PAYMENT OF WAGES ACT‚ 1936 [4 OF 19361] With State Amendments An Act to regulate the payment of wages to certain classes of 2[employed persons] Whereas it is expedient to regulate the payment of wages to certain classes of 2[employed persons]. It is hereby enacted as follows :— Short title‚ extent‚ commencement and application. 1. (1) This Act may be called the Payment of Wages Act‚ 1936. 3[(2) It extends to the whole of India 4[***].] (3) It shall come into force on such date5 as the Central
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