INCOME CONCEPTS The Purpose of Income Reporting Income is used… 1 As the basis of one of the principal forms of taxation. 2 In public reports as a measure of the success of a corporation’s operations. 3 As a criterion for the determination of the availability of dividends. 4 By rate-regulating authorities for investigating whether those rates are fair and reasonable. 5 As a guide to trustees charged with distributing income to a life tenant while preserving the principal for a remainder man
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What is sustainable marketing? Explain how the sustainable marketing concept differs from the marketing concept and the societal marketing concept. Sustainable marketing is marketing that is socially and environmentally responsible and meets the present needs of consumers and businesses while also preserving or enhancing the ability of future generations to meet their needs. Marketers’ are reexamining their relationship with social values and responsibilities and with the very Earth that sustains
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BASIC CONCEPTS OF NATIONAL ACCOUNTS AGGREGATES Introduction 2.1 Various concepts of national income and related aggregates used in national accounts connote a particular meaning which may not necessarily conform to the one used in common parlance. It is‚ therefore‚ necessary that these are made familiar to the users to enable them to appreciate these in right perspective. It is with this objective that it has been considered necessary to refer to these in this publication. The basic concepts and
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What is Sustainable Tourism? Writer Tim Forsyth defined himself as a specialist in political approaches to environmental change and international development. He have worked on two key themes; - The politics of environmental science and policy processes‚ especially in rapidly developing societies - The development of deliberative‚ multi-stakeholder forms of governance that can result in more development-friendly‚ as well as environmentally effective‚ policy solutions. The article
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Income Tax Act 1961 Assessment Year: The period of twelve months starting from April 1 of every year and ending on March 31 of the next year. Previous Year: Income earned in a year (Previous year) is taxable in the next year (Assessment Year). Income earned during the previous year (PY) 2011-12 is taxable in the Assessment year (AY) 2012-13. From the AY 1989-90 onwards‚ all assesses are required to follow the financial year April 1 to March 31 as previous year for all sources of income
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Basic Concepts INTRODUCTION Tax is today an important source of revenue for governments in all the countries. It has become inevitable imposition because it has great potentials for raising funds for meeting the development and defence needs of a nation. DIRECT AND INDIRECT TAXES •Direct Taxes: A tax which is born and paid directly by the person on whom it is impose is a direct tax e.g.‚ Income Tax‚ Wealth Tax‚ Gift Tax‚ etc. It is directly paid by the tax payer to the government without any intermediary
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What is sustainability? Sustainability refers to the use of energy and keeping everything together. We control energy using sustainability‚ and we use it everyday in our daily lives. In the article we read in class called‚ “Sustainable Fashion” they talked about how cotton wasn’t a good choice as a fabric because of all the resources wasted in order to make it. Thus‚ wanting to find a better resource we could make fabric from that wouldn’t be as wasteful. American’s spend many resources
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What is sustainability? There is no simple definition of ’sustainability ’. It can be an idea‚ a property of living systems‚ a manufacturing method or a way of life. In fact‚ there may be as many definitions of sustainability as there are people trying to define it. However‚ most definitions include: * living within the limits of what the environment can provide * understanding the many interconnections between economy‚ society and the environment * the equal distribution of resources
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Sustainable development refers to a mode of human development in which resource use aims to meet human needs while ensuring the sustainability of natural systems and the environment‚ so that these needs can be met not only in the present‚ but also for generations to come. The term ’sustainable development ’ was used by the Brundtland Commission‚ which coined what has become the most often-quoted definition of sustainable development: "development that meets the needs of the present without compromising
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Question 1: What is the Benihana concept? Benihana concept is based on Job Shop primarily because of following reasons: 1) Job shop is a process where typically ore or few of a kind are made at one time‚ similar to what Benihana does. If we look at Teppanyaki table it serves steak‚ filet mignon‚ chicken and shrimps at one time basis customer preference /selection 2) In Job shop we require a skilled craftsmen who can customize the product as per customer requirement‚ similar to what the Chef
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