SOURCES OF BANK’S INCOME A bank is a business organisation engaged in the business of borrowing and lending money. A bank can earn income only if it borrows at a lower rate and lends at a higher rate. The difference between the two rates will represent the costs incurred by the bank and the profit. Bank also provides a number of services to its customers for which it charges commission. This is also an important source of income. The followings are the various sources of a bank’s profit: 1
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The exploitation of low-income countries by high-income countries INTRODUCTION Over the years living conditions around the world have improved‚ even in the poorest of countries. Despite this there is still a clear difference between high-income countries and low-income countries. High-income countries are defined as countries with very productive economic systems where the majority of people have fairly high incomes‚ while low-income countries are defineed as having low economic systems
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Deduction under section 33AB is allowable against composite income and not against only 40% of composite income- A case of un-necessary litigation by revenue in case of Tea Companies . Computation provision: Section 33AB is a provision relating to allowing deduction from business income. It falls under Part “D” of Chapter IV of the Income-tax Act‚ 1961. This part consists of various sections from section 28-44DB. As per section 29 the income referred to in section 28 shall be computed in accordance
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Chapter 1 Questions: 3‚ 4‚ 12‚ 14‚ 15a‚ 15b‚ 16‚ 17‚ 21‚ 23‚ 24‚ 25 3. Who are the major types of issuers of bonds in the United States? The major types of issuers of bonds in the United States are the United States Government and its agencies‚ municipal governments and corporations or Special Purpose Vehicles (SPV). 4. What is the cash flow of a 10-year bond that pays coupon interest semiannually‚ has a coupon rate of 7%‚ and has a par value of $ 100‚000? The periodic cash flow is $3‚500 as
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Compilation In NSTP/CWTS Edralin Guevarra BT203P Module 10 – Entrepreneurship The word is derived from the French word “entreprendre” which simply means to undertake. Entrepreneurship refers to undertaking a business endeavor. It can also mean “between-taker” or “go-between”. Hisrich and Peters defined entrepreneurship as the process of creating something different with value by devoting the necessary time and effort‚ assuming the accompanying financial‚ psychic‚ and social risks‚
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in Mexico. Advance sales are so small that Weiss has no way to estimate the demand for the red roses. She buys roses for $15 per dozen and sells them for $40 per dozen. Pay-off table for the problem is given below. Problem 3 The Newox Company is considering whether or not to drill for natural gas on its own land. If they drill‚ their initial expenditure will be $40‚000 for drilling costs. If they strike gas‚ they must spend an additional $30‚000 to cap the well and provide the necessary
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Gender Income Gap Diane Smith ENG 122 English Composition II Instructor Stephanie Derisi August 30‚ 2014 Gender Income Gap In American society today there is an imbalance in the gender income gap between men and women in the work force. Many factors such as discrimination‚ productivity‚ educational background and disproportional hours worked contribute to this ongoing challenge. While many are skeptical‚ others remain to have strong beliefs that women and men are treated equally. In most
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Are drug companies that test experimental drugs in foreign countries acting ethically? In my opinion‚ a lot of people in foreign countries are uneducated and therefore‚ may not fully understand the risks‚ complications and side effects of these experimental drugs. If they do not have the means to adequately research the drug prior to testing it‚ they may end up doing so without fully understanding what potential side effects are involved. I am not sure how well companies educate these foreign countries
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“AVOCADOS” ON THEIR FACES? FACTS OF THE CASE: Since March 1993‚ Mr. Ricky Bautista‚ president of Vive Chemical Philippines (VCP)‚ had been searching for a marketing firm to introduce and promote the company’s new line of herbal astringents‚ which the company perceived to be a new product development breakthrough in the facial care industry. In September 1993‚ Mr. Ricky Bautista‚ excitedly called his production manager about the possibility of having King Matches Corporation (KMC)‚ a nationwide distributor
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Running head: APR-DRGs: A SEVERITY ADJUSTMENT METHODOLOGY APR-DRGs: A Severity Adjustment Methodology Quality Management In Healthcare Abstract All Patient Refined Diagnostic Related Groups (APR-DRGs) currently represent one of the most widely used systems for severity adjustment of hospital outcome comparisons. Severity Adjustment is the method used to account for differences in patient characteristics such as age‚ severity of illness‚ and risk of mortality independent of the actual medical
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