Per capita income

The idea of a Universal Basic Income, however, had started long before, originating during the Renaissance Era, 1516, in Thomas More’s “Utopia” [7]. Throughout the centuries many famous intellectuals like Thomas Paine and John Stuart Mill examined and expanded upon the idea. Modern day, we see the idea of a Universal Basic Income being endorsed by men like Elon Musk, the CEO of Tesla and Space-X. The purpose of the Basic Income was to tackle poverty. Modern day, it is now becoming…

Question 1: Presentation of Financial Statements A. Income statement and Cash flow statement Accounting profit: The process of accrual accounting recognises earned revenue and incurred expenses (Deegan & Samkin, 2013). It is the difference between the revenue earned by a company and its costs. There are certain adjustments in consideration like depreciation, interest and tax. It consists of non-cash items as well. It is also called the net income of the company. It considers both cash…

Income-tax notices and how to avoid them It is not uncommon to be served with income tax notices because many people may not be aware of what they are supposed to do. Most tax notices alert the recipients about the issue that needs to be addressed or corrected immediately. Whatever reason is behind your notice, never ignore the notice because the tax department can impose fines of up to Rs 10,000 if the concerned party fails to reply to the notice in assessee. The number of people being served…

•Economics Professor Guy Standing explains basic income in his book The Precariat: The New Dangerous Class as follows: “The core of the proposal is that every legal resident of a country or community, children as well as adults, should be provided with a modest monthly payment. Each individual would have a cash card entitling them to draw a monthly amount for basic needs, to spend as they see fit, with add-ons for special needs, such as disability. In most rich countries, it would be less…

Harnessing My Amygdala Infuriated, outraged, furious, we have all felt these emotions before. Beginning with small situations like hitting every red light when your running late to work, to more complex of conditions like getting your brand new car’s rear fender smashed in by a moron who has his life in reverse and still doesn’t look in the mirror. Ironically, both of those examples are memories that I 've experienced. I myself experience anger on a daily basis. Some say I have a short temper.…

of accidents. Two major reason why people should not speed is to avoid a car crash and running over someone. In a car crash speeding plays a big role. Car crashes can lead to multiple deaths. For example, driving sixty-five miles per hour in a zone of fifty-five miles per hour can cause a serious car crash. Car crashes can affect the people in the car accident as well as family members that are not involved in the accident. A car crash can simply ruin a person’s live or end it. When speeding it…

2012 Lamborghini Aventador LP 700-4 For stalling performance and handling. Nothing else looks, feels or sounds like the Lamborghini Aventador. It has the same features like the Ferrari and McLaren in matters of performance, and the expenses. However, this is not a great car for one to drive if they are not made use of to speed or smaller sized cars. This car is an extremely quick. It has a V12 engine and it offers you a stunning step with every gearshift you make. It has great suspensions and…

ncome statement： In order to analysis the financial statement thoughtfully, we apply the horizontal analysis technique to find out the significant change in dollar amount and percentage grow rate. From the income statement vertical analysis below (table 1), we could compare a series of financial statement data over a period of time. Sales revenue increase by around 10% from 2013 to 2014. If excluding the currency change, revenue from NIKE Company’s continuing operations grew 11 % for the fiscal…

economy simply due to unfair income distribution. Income inequality is a growing issue today and many economists have noticed that this issue needs to be resolved in order to see steady improvement with the economy. Barack Obama even addressed the issue himself and stated that income inequality is now the main reason why the economy has yet to make a major improvement over the years. Which makes sense in economic terms, in order to spend money, an individual must have the income to do so which…

Competitors: They may use to compare their statements and profitability ratio and can make their strategies to gain more profits. 6. Tax Authorities: to check whether they have follow proper rules and regulation for their income tax returns or not. Discuss the different types of business activities. Three types of Business activities. 1. Operating Activity: operating Activity includes the activity which is going to contribute for manufacturing the product. • Revenue :…