M. Velas FUNCTIONS OF LEISURE Relation to Increased Production and Consumption The function of leisure is largely determined by the kind and amount of free time and by the ideas of the age. When spare time consists of short breaks between long periods of sustained labor‚ its function is thought of as recreation – relaxing the worker so that he can work more efficiency after the break. When the goals are efficiency of work‚ increased production‚ more power and more wealth‚ the function of leisure
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Cash Connection 1. What are the dominant economic characteristics affecting the payday lending industry? The industry for short-term cash loans (payday loans) grew in the early 1990’s because of the shift in financial services marketplace. The cost structure of the market rose due to bounced checks‚ overdraft protection fees‚ and late bill payments penalties. Second the trend of regulation of payday advance service that allowed protection for consumers. To avoid such cost‚ payday loans were
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Profitability Ratios: How Profitable is the Company? Net sales/Net profit after taxes The information necessary to determine a company’s profit as a percentage of sales can be found in the company’s income statement. 1. Magnetronics’ profit as a percentage of sales for 1999 was $1‚307 divided by $48‚769‚ or 2.68%. 2. This represented a decrease from 3.6% in 1995. 3. The deterioration in profitability resulted from a decrease in cost of goods sold as a percentage of sales‚
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1. What are some typical tasks or duties that you would do in this job? * observe animal and plant life in their natural environment. * Study the effects of pollution on marine life. *identify‚ classify and preserve the types of marine life. *Predict the rate of population growth and life expectancy. *Use computer modelling to estimate population growth for the future. * run field studies and experiments. 2. which one or two of the typical duties or tasks listen do you think would make this career
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Happiness is the meaning and purpose of life‚ the whole aim and end of human existence.”–Aristotle By Dave Hood Many of the great philosophers have attempted to answer the question: What makes people happy? World religions‚ such as Christianity‚ have attempted to explain what makes people happy and how to live a happy life through faith‚ the belief in God‚ by reading scripture‚ by living life according to the moral code‚ and by the religious doctrine imposed by the church. The philosophy
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BASIS OF INCOME RECOGNITION FROM ISLAMIC PERSPECTIVE Yosita Nur Wirdayanti ABSTRACT This paper addresses the issue of basis of income recognition from Islamic perspective. In Islamic banks‚ income recognition is very important since it will determine amount of profit that will be distributed to depositors. Begin with accounting principles from Islamic perspective‚ this paper discusses the concept of accrual and cash basis and scholar opinion about this basis of accounting. Both accrual and cash
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The Difference between Economic Profit and Accounting Profit When it comes to business decisions‚ there are many ways to analysis the financial status of a firm. What guidelines determine profit margin? Who uses these guidelines? How is profit used to analysis a firm and its business decisions? This paper will discuss two terms that are used to define profit: accounting profit and economic profit. The first term is called accounting profit which uses the equa-tion. The second term for profit
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life. Each philosophy reflects a unique view of what is good and what is important. In this sense‚ philosophy is the system of beliefs about life. The literal meaning of philosophy is the love of wisdom which is derived from the Greek word "Philos" (Love) and Sophia (Wisdom). Wisdom does not merely mean knowledge. It is a continuous seeking of insight into basic realities - the physical world‚ life‚ mind‚ society‚ knowledge and values. Education does not mean mere schooling. To become educated is
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Cash Flow University of Phoenix Cash Flow “The statement of cash flows reports the cash receipts‚ cash payments‚ and net change in cash resulting from operating‚ investing‚ and financing activities during a period” (Weygandt‚ Kimmel‚ & Kieso‚ 2010‚ p. 614). Companies are required to prepare a statement of cash flow because it contains important information about the company that deems useful for external sources‚ such as investors‚ to make educated decisions about a company. The
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Sound Recording Rod has always had a niche for music and states that he grew up in “polka country.” In fact‚ his parents were both very musically inclined. His father knew how to play multiple instruments and was in a band throughout his earlier years of life‚ so Rod actually listened to live music growing up more than listening to records. He remembers going to big band dances where music from the famous American trombonist‚ Tommy Dorsey‚ filled the room. It wasn’t until his early teenage years
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