market in Hong Kong. As Philip Kotler‚ Veronica Wong‚ John Saunders and Gary Armstrong (Fourth European Edition) point out “Marketers should also pay attention to income distribution as well as average income. Consumers with the greatest purchasing power are likely to belong to the higher socioeconomic groups‚ whose rising incomes mean that their spending patterns are less
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Inequality is an extremely controversial topic‚ there are infinite ways of measuring inequality - wealth‚ income and opportunities are just a few of them. Income inequality is the difference of household earnings and there are many factors that come in to play. It is by no means new to our society; before 1980‚ the top 1% was paid on average 80% more than the median wage (Bourguignon‚ 2015). As with any statistical modelling and measuring approach‚ there is a great deal of complexity to capture absolute
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i. BRIEF BACKGROUND Manila Water Company Inc. is a Philippines-based company engaged in the engaged in providing water‚ sewerage and sanitation services. It serves a total estimated population of over six million people in the East Zone‚ which encompasses 23 cities and municipalities that include business districts and residential areas in the eastern part of Metro Manila and the adjacent Rizal Province. The Company also manages and operates the sewerage system that covers a portion of its service
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Budgeting A budget is a plan for your future income and expenditures that you can use as a guideline for spending and saving. Although many Americans already use a budget to plan their spending‚ the majority of Americans also routinely spend more than they can afford. The key to spending within your means is to know your expenses and to spend less than you make. A good monthly budget can help ensure you pay your bills on time‚ have funds to cover unexpected emergencies‚ and reach your financial
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ACC2120 NOTES WEEK 1 – FINANCING COMPANY OPERATIONS When a company is initially formed‚ it will generally need money to fund its set up such as the purchase of property‚ land and equipment as well as financing other operations. There are also legal costs of share issues‚ for any underwriting expenditure and for working capital. Hence it is important that enough money is raised to fund these needs. Companies can do this in several different ways. FIrstlly share issues. Share issues can be in the
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In the year 2004‚ the U.S. domestic express delivery market worth $45 billion. Mainly‚ this vast market is divided between the two major package delivery companies‚ United Parcel Services (UPS) and Federal Express Corporations (FedEx). This service is consists of three categories: 1) Weights: Letters‚ Packages‚ Freights 2) Mode of Transit: Air‚ Ground 3) Timeliness: Overnight‚ second-day‚ 3-day delivery‚ regular delivery (4 or more days) The air-express portion of the entire U.S. market
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Written Project ACCT 301 Professor Chen From the case we discuss‚ LabCo’s accounting policy for recognizes revenue from construction contract is reasonable. According to ASC605-35-25-61‚ an entity… shall use the completed-contract...for which reasonably dependable estimates cannot be made or for which inherent hazards make estimates doubtful. LabCo Company uses a normal standard for its accounting policy which is using Percentage of complection method base on how it determine the profit (cost-to-cost
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Independent India income per capita declined relative to advanced economies until the 1980s. And though economic growth has been impressive since 1986‚ the upturn pre-dates even the modest economic reforms of 1991. Further there is increasing regional variation in income per capita across states in India despite the dominance of national economic policies. Some states’ growth rates have declined since the reforms. Yet labor has moved little within India from the regions of persistent low incomes to those
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partnership. Answer: FALSE Page Ref.: C:9-8 Objective: 3 4) A partnership cannot make charitable contributions. Answer: FALSE Page Ref.: C:9-16 Objective: 2 5) ABC Partnership distributes $12‚000 to partner Al. Al’s distributive share of partnership income is $20‚000. Al is taxed on $20‚000. Answer: TRUE Page Ref.: C:9-17 Objective: 6 6) A partner’s "distributive share" is the partner’s share of any assets distributed by the partnership. Answer: FALSE Page Ref.: C:9-17 Objective: 6 7) A partner’s
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acquisition date‚ Stator reported net assets of $450‚000 valued at historical cost and $500‚000 stated at fair value. The difference was due to the increased value of buildings with a remaining life of 15 years. During 2007 and 2008 Stator reported net income of $25‚000 and $15‚000 and paid dividends of $10‚000 and $12‚000‚ respectively. Rotor uses the equity method. 1. Based on the preceding information‚ what amount of differential will be amortized annually? A. $0 B. $750 C. $1‚000 D. $2
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