Even from the way the pork barrel system originated in the Philippines‚ it is easy to see that its path will not be a smooth sailing one. The pork barrel system originated in 1916‚ when Americans used the funds to divide and rule the Philippine Assembly. The Americans used it to appease the Filipinos who wanted the country’s independence. Even from the start‚ it has been a way of buying off people’s support. During Martial Law‚ former President Ferdinand Marcos abolished the pork barrel system in
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Recognitions | 52 Project Locations | 54 Financial Statements Auditor’s Report | 56 Balance Sheet | 57 Income Statement | 58 Cash Flow Statement | 59 Change in Equity | 60 Schedules | 61-67 Principal Accounting Policies | 68-69 Five Years Financial Statements | 70 Highlights Share issue and allotment completed for: 1. Project affected people - 10% 2. General Public - 14% PPA signed with NEA for: 1. Rasuwagadhi Hydroelectric Project (111 MW) 2. Middle Bhotekoshi Hydroelectric
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coal mine was opened in 1901‚ it has provided a major source of employment for the town’s people‚ and in the last 18 years has brought more than 800 people from other towns to work every day at the mine. When Prosper was incorporated and became eligible for coal tax revenue‚ its budget had risen from $40‚000 to $300‚000. A cutback in the amount of $60‚000 for the upcoming fiscal year is likely to start in 30 days. “That will cover essential services like police protection and utilities at city hall
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will cost $506 billion for the next five fiscal years. Down 29% from the last projected amount 5 years ago. The article states that this decline is due to The Supreme Court’s ruling that allowed states to decide whether to expand Medicaid‚ the slow growth of health care spending‚ and Obamacare enrollment have ramped up slower than anticipated (Luhby‚ 2015). Originally CBO experts expected 9 million people to lose job based insurance coverage by the year 2025‚ today experts expect 7 million due to
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Receivables Turnover Ratio interpretation Receivables Turnover Ratio is one of the efficiency ratios and measures the number of times receivables are collected‚ on average‚ during the fiscal year. Receivables Turnover Ratio formula is: Receivables Turnover Ratio formula Receivables turnover ratio measures company’s efficiency in collecting its sales on credit and collection policies. This ratio takes in consideration ONLY the credit sales. If the cash sales are included‚ the ratio will be
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Chapter 08 Business Income‚ Deductions‚ and Accounting Methods True / False Questions 1. The Internal Revenue Code authorizes deductions for trade or business activities if the expenditure is "ordinary and necessary". True False 2. Business activities are distinguished from personal activities in that business activities are motivated by the pursuit of profits. True False 3. The phase "ordinary and necessary" has been defined to mean that an expense must be essential and indispensable
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Accepted Manuscript Title: Changing Impact of Fiscal Policy on Selected ASEAN Countries Authors: Hsiao Chink Tang‚ Philip Liu‚ Eddie C. Cheung PII: DOI: Reference: To appear in: Received date: Revised date: Accepted date: S1049-0078(12)00070-X doi:10.1016/j.asieco.2012.07.003 ASIECO 865 ASIECO 1-3-2011 23-7-2012 24-7-2012 Please cite this article as: Tang‚ H. C.‚ Liu‚ P.‚ & Cheung‚ E. C.‚ Changing Impact of Fiscal Policy on Selected ASEAN Countries‚ Journal of Asian Economics (2010)‚ doi:10.1016/j
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The Ice-Fili is one of Russia’s most famous and admired companies‚ both because of its entrepreneurial success and socially progressive vision. In its present form‚ it was incorporated on the basis of Frozen Products Plant No. 8‚ which was set up 65 years ago with support from Anastas Mikoyan‚ a popular and influential political figure. The company manufactures products that are loved by everyone everywhere‚ by children and adults alike. The company’s high-quality ice-creams earned it a place in the
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VAKIL DIPANKAR BASU MAHENDRA SHAH DEEPAK SATWALEKAR R.A. SHAH DR. S. SIVARAM S. RAMADORAI CHAIRMAN’S LETTER Dear Shareholders‚ It is my privilege to communicate with you at the end of another successful year for Asian Paints. The financial year 2010-11 was one in which both the world as well as the Indian economy showed resilience. While the global economy
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Ice-Fili Situation Analysis Ice-Fili is a Russian ice cream producer who can survive during the hard time in Russia while some competitors left the market. Since Russian ice cream market became more competitive‚ Ice-Fili tried to maintain its market share leadership among domestic‚ regional‚ international producers. Value chain analysis and SWOT were conducted below. Value chain analysis was conducted to show the capabilities of the firm in various activities. ----------------------- Firm
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