expenses? The ageing population in Singapore is growing at an alarming trend. We currently have more than 450‚000 people aged 65 and above as of Augus 2011. By 2025‚ 14 years from now‚ the ratio of those aged 65 and above will be more than 20% of our population. Singapore Ratios of elderly to children 2025 By 2050‚ those aged 65 and above will be almost 30%. Compared to the number of young less than 15. We will see more elderly than kids anywhere we go. Singapore Ratio of elderly to children in
Premium Aging Population Demography
Introduction Background Of Foreign Labour in Singapore Since the day Singapore gained independence‚ the growth of the economy had been advancing tremendous over the past four decades. The influx of foreign labour has been playing an important role towards the Singapore economy. Even up to today‚ Singapore‚ itself with scarce resources‚ could only rely on human resource to sustain the economy growth. With a tightening labour market and a low unemployment rate‚ this gradual increase in foreign
Premium Supply and demand
culture. Singapore was an important trading center and port as early as the seventh century. By the fourteenth century Chinese immigrants had established a small community on the island‚ and the name Singapura‚ a word of Sanskrit origin meaning Lion City‚ was in common use. After Portugal wrested control of the region from Malaccan and Malay rulers in the sixteenth and early seventeenth centuries‚ Singapore fell into obscurity. Modern Singapore dated from the discovery
Premium Singapore
Singapore Withholding Tax Withholding Tax is a form of levy placed on payments made to non-resident tax entities including employees‚ business partners and overseas agents. In accordance with IRAS tax rules‚ a person has a legal obligation to withhold a percentage of the payment‚ when he makes payments of a specified nature under the Singapore Income Tax Act‚ to a non-resident‚ and hence the Withholding Tax. What is Singapore Withholding Tax? For tax purposes in Singapore‚ Inland Revenue Authority
Premium Income tax Taxation Tax
INVENTORY AND CASH MANAGEMENT SESSION 5 T Cash Can Be Managed as Inventory • Cash managed like inventory in manufacturing o Doesn’t mean physical cash; instead can be ‘quick’ financial instruments:短期国库券 checking accounts t-bills‚ o Demand for cash by organizations‚ individuals varies • Main concepts are: o Need to estimate ‘transactions demand’ o Models for changes in cash balances o Continuous cash management approach • Supply chain of physical cash o Think of advantages
Premium Debt Bank Short
Petty Cash System Review (last 12 months) |Issue / Potential for Fraud |Fraud Rating |Date Incident Occurred |Notes | |No policy or procedures written up.|1 |Listed in the breakdowns below. |Many of the incidents or potential for fraud could be eliminated if there were documented | | | |
Premium Money Cash register Payment
Apple Fever In Singapore Introduction Singapore which is situated in SEA(South East Asia) has posses a high consumer of electronic devices. Apple is company that products Mac devices‚ products include IPOD‚ ITouch‚ Mac Book‚ Peripherals and IPad. The company is concentrate on selling products physical products. Apple also has international the business and globalize the market share of the company. Apple also has product that consisit of iTunes and App Store. App Store which provide application
Free Apple Inc. App Store
CASH VERSUS CREDIT Cash and credit are the preferred methods of payments in today’s society. Some consumers only purchase with cash‚ while others enjoy the convenience of using a credit card. There are advantages and disadvantages to using both credit and cash. Understanding the benefits‚ and drawbacks of both‚ should make it easier to decide which method is best for you. Managing your money can be a challenge whether you are using cash or a credit card. For example‚ using your credit
Premium Credit score Credit Credit card
Week Three CheckPoint: Accrual and Cash Accounting XACC/290 August 11‚ 2013 Week Three CheckPoint: Accrual and Cash Accounting Accrual and cash-based accounting offer two different styles of tracking the flow of money in a business. Each serves a purpose and to understand this idea one must first realize the how one varies from the other. Accrual-based accounting can be described as any transaction that changes a company’s financial statement is recorded in the accounting period the transaction
Premium Generally Accepted Accounting Principles Income statement Balance sheet
Team Assignment Caledonia should focus on project free cash flows as opposed to the accounting profits earned by the project when analyzing whether to undertake the project because cash flows formulas focus on the project itself. Free cash flow formula determines whether an investment adds value to the firm‚ which important to Caledonia’s management. Since one of a firm’s primary goal is to gain profits for its stakeholders‚ using free cash flow formula would offer the most valuable information
Premium Free cash flow Operating cash flow Cash flow