opened accountancy office in London. In 1849 Deloitte becomes the first person ever appointed as an independent auditor. During the 1850s and 1860s, he develops the system for keeping railway and hotel accounts, subsequently adopted as the industry standard, that protected investors from mismanagement of funds. In 1880 First overseas Deloitte office opens in New York In 2002 Deloitte Touche Tohmatsu's global revenues were US$12.5 billion. In 2010, the Deloitte member firm network becomes the largest private professional services network in the world, based on aggregate member firm revenues and headcount. In 2012, revenues for fiscal year were US$31.3 billion. Deloitte in Estonia Deloitte started in Estonia on 1996 as Deloitte Touche Eesti As the company developed and services increased, Deloitte Touche Audit was founded on 2000.
Prime costs are all direct manufacturing costs. Prime costs = direct material + direct labor. Conversion costs are all manuf. Costs other than direct material costs. Costs incurred to convert DM into finished product. Conversion costs = DL + MOH Overtime premium and idle time classified as indirect labor costs. Product cost is the sum of the costs assigned to a product for a specific purpose. Chapter 3 - Cost-Volume-Profit analysis CVP analysis examines the behavior of total revenues, total costs and operating income as changes occur in the units sold, the selling price, the variable cost per unit, or the fixed costs of a product. Breakeven point is that quantity of output sold at which total revenues equal total costs. Breakeven in units = Fixed costs/contribution margin per unit. Breakeven revenues = fixed costs/CM%. Target operating income. Qty of units required to sold = (fixed costs + target op income) / CM per unit.
and one of the largest centers of film production in the world. Bollywood films are multi-million dollar productions, with the most expensive productions costing up to 100 crores rupees (roughly USD 20 million). Sets, costumes, special effects, and cinematography were less than world-class up until the mid-to-late 1990s, although with some notable exceptions. Bollywood sold 3.6 billion tickets and had total revenues (theatre tickets, DVDs, television etc.) of US$1.3 billion, whereas Hollywood films sold 2.6 billion tickets and generated total revenues (again from all formats) of US$51 billion. Bollywood's biggest problem is piracy - where people copy the films and either sell them or show them to other people for free. At the moment not all films made make more money than they cost to make, even though they can be seen by around one billion people.
Unit 6 vocabulary (from textbook) Fundamental- alus-, põhi-, fundamentaalne General extended life expectancy- keskmine oodatud eluiga In terms of - As measured or indicated by, /with reference to For the better- paremaks Stem from sth - to be caused by sth Fast paced world- kiire maailm Dehumanising effects of technology- ebainimlikustavad tehnoloogia effektid Slaves to machines- orjad mesinatele Mess about with- to interfere with sb/sth Breed laziness- arendab/ suurendab laiskust Contribute to- millegile kaasa aitama/ panust andma Impetus for technological development- tõuge tehnoloogia arengu jaoks Result in- tekitama (mida?) Superseded by- ületama, asendama, välja tõrjuma Double-edged sword- kahe poolega mõõk/ kahe vaatenurgaga Bring about- to cause, to happen Designer babies- parents can "design" their babies before they are even born Ever-greater reliance- veelgi suurem toetumine/ usaldusväärtus Increase in- suurenema millegis As ...
organized in a inappropriate sites. Usually people throw garbage and empty packages down when they stay overnight or just party. In addition too many people on one land may damage the plants under their feet. Besides nature decorative effects it also changes the economic situation of this place. Develop new jobs and increasing the purchasing power and scale of living. When increase peoples purchasing power increases as well as local municipal tax resulting from revenues. Wich leads to that parish can spend more money to social works. Positive effects of tourism is greater than the negative impacts on the environment. If people keep our surroundings and don't pollute it while they are in holiday remains it clean for a long time. And every businessman, must ensure that he would clean the area of tourism for the next days.
in the price would not affect the demand drastically as the demand for such products remain in- elastic. In this case he can afford to increase the price of his pizza as it I one of the Best pizzas in town so his customers would not mind a slight increase in the price as it would still be affordable for them. Secondly Tony's pizza being the best, his customers would not leave it for a substitute because of a slight prize change and they would still buy it and his Total revenues will not decrease. 1
antud: Esitatud kasumiaruanne Old Victorian Bed and Breakfast Kasumiaruanne (Income Statement) 01.01. - 30.06 20X5 Tulud (Revenues) $ Omaniku investeering 300 000 Pangalaen 200 000 Tulud kokku: 500 000 Kulud (Expenses) Kinnisvara kulud -200 000 Maja renoveerimise kulud -150 000 Mööbli kulud -50 000 Köögitarvete kulud -10 000 Arv...
www.investbg.government.bg BUSINESS PROCESS OUTSOURCING The Sector: More than 30 000 people work in The Sector 3% of GDP was generate by The Sector in 2015 8nnual starting salaries per Employee Advantages: Bulgaria offers qualified and cost-effective workforce and advantageous rents of commercial space BPO sector generates over 964 million revenues Bulgaria is the best outsourcing destination in Europe The average BPO company in Bulgaria provides services in more than 25 languages Successful examples: www.investbg.government.bg INFORMATION TECHNOLOGY The Sector: More than 17 500 specialists work in The Sector 1.86 % of GDP was generate by The Sector in 2015 20 600annual wages per Employee Advantages:
The president is directly elected by the people and serves a 5-year term. The parliament, known as the Seimas, has 141 members who are elected for 4-year terms. Of these, 71 are directly elected by the people and 70 are elected by proportional vote. The tax burden, at some one-third of the GDP is moderate by international standards and will further be reduced as the liberalization progresses. These are mainly income and value-added taxes . Tax revenues come from a variety of sources. Goods that are imported into Lithuania face import duties that range from 10 to 100 percent (but average 15 percent on most goods). The highest tariffs are on tobacco, automobiles, jewelry, and gasoline. The personal income tax level is 33 percent with rates of between 10 to 35 percent on supplemental income from investments or interest dividends. Labour law Essential political economic and legal reforms started after the independence of Lithuania in 1990
War and Peace 1) a) Couve de Murville's prediction was very correct. When the Americans withdrawed all of their offers to help Nasser nationalised the Suez canal so that he could use the it's revenues to finance the Aswan High Dam. b) When Nasser nationalised the canal the Brits and the French were outraged because they were the main financiers and shareholders of the Suez Canal. They wanted Nasser destroyed and removed.By August 1956 the British and the French were holding meetings to discuss a possible seizure of the Suez canal by force. The French wanted the Israelis to join their side but it would have been a problem because the Brits had a treaty with Jordan
They include: · Acquiring more customers · Persuading each customer to buy more products · Persuading each customer to buy more expensive products or up selling each customer · Persuading each customer to buy more profitable products All four of these increase your revenue and profit. Let me encourage you to focus on the first which is to acquire more customers. Why? Because by acquiring more customers you increase your customer base and your revenues then come from a larger base. How can you use marketing to acquire more customers? · Spend time researching and create a strategic marketing plan. · Guide your product development to reach out to customers you aren't currently attracting. · Price your products and services competitively. · Develop your message and materials based on solution marketing. The Importance of a Target Market in Small Business
· Citizens had to pay a severe penalty when they lost · Result: few people brought cases to court · Henry II had the state bring suspects to trial · Established grand juries · Gathering evidence, submitting the names of likely suspects · failure to do this resulted in heavy fines · Results: more cases brought to trial, a greater degree of law and order, the king made money from court revenues · Henry II remembered for his marriage to Eleanor of Aquitaine · Her lands gave him control over one-third of France · Problems: Philip II of France (much weaker, but technically Henry II's overlord for his French lands) was stirring up trouble and revolts · Henry II had problems with the Archbishop of Canterbury, Thomas Becket · Once his close ally · Several disagreements
- minimize cost per unit As a constraint the agent may desire - to maximize "efficiency," - market share, - rate of growth or - some other objective constrained by some "acceptable level of profits. In the long run, a private producer will probably find it necessary to produce an output that can be sold for more than it costs to produce. · The costs of production (Total Cost, TC) must be less than the revenues (Total Revenue,TR). Production and Cost Production is a technical relationship between a set of inputs or resources and a set of outputs or goods. · QX = f( inputs [land, labor, capital], technology, . . . ) · Legal and social/cultural institutions influence the production function. Costs Costs are incurred as a result of production. The important concept of cost is opportunity cost
DeBeers has a power in Botswana who is world largest diamond producers and also most valued, like we will see in the Table1. With its near monopoly as a trader of rough stones, De Beers has been able to maintain and increase the prices of diamonds by regulating their supply. It has never done much to create jobs or generate skills (beyond standard mining employment) in diamond-producing countries, but it delivered big and stable revenues for their governments. Botswana, Namibia, Tanzania and South Africa are four of Africa's richest and most stable countries, in part because of De Beers. (Johannesburg. Windhoek 2004) Other hand DeBeers brings success for Botswana, they are after Botswana Government biggest employees: De Beers is a long way from being out of the picture of diamond industry, still very much part of the diamond monopoly. De Beers has 17,000 employees in Africa; over
THE U.K Different Parts The United Kingdom is a short way of saying the United Kingdom of Great Britain and Northern Ireland. The UK is the political name for those countries which share a parliament in London. All of them were at one time independent kingdoms with their own monarch. Now they are all part of the same kingdom and share the same monarch. The UK consists of Northern Ireland, Scotland, England and Wales. The peoples of these countries are British subjects; they hold British passports and therefore their nationality is British. The british Isles is the geographical name for all the islands off the west coast of Europe. These islands also include The Republic of Ireland, which is politically independent of the Britsh government. Many people refer to the inhabitants of the British isles as 'the English', but England is only one of the countries. The other countries are Scotla...
The Wars of the Roses ended with the killing of Richard (the House of York) by Henry VII. Henry VII married Elizabeth of York. He merged the rival symbols together into a red and white Tudor Rose. Completion of the Domesday Book It is a written record of a survey of England ordered by William the Conqueror in 1086. William was an attempting to register the landed wealth of the country in a systematic fashion and to determine the revenues due him. The survey was executed by groups of officers called legati, who visited each county and conducted a public inquiry. The original manuscript was made in two volumes. The first and larger one, sometimes called the Great Domesday, included information on all England, with the exception of three eastern counties (Essex, Suffolk, and Norfolk), several northern counties, London, and some other towns. The surveys of the three eastern counties
Tallinn Technical University Proceeding from the model of a small open economy and considering that the Estonian monetary system is based on the currency board system, we can say that fiscal policy plays an important role in securing economic stability and stimulating economic growth in Estonia. Since regaining independence, Estonia has pursued a tight fiscal policy, which requires restriction of expenditures, balancing expenditures with revenues as well as limited borrowing. The current paper examines those features that contribute to general government budget, both from the revenue perspective and from the expenditure perspective. As is known, the structure of government expenditures depends directly on the role of the government in regulating the economy. While considering the government expenditure some problems arise. Firstly, the low level of government investment in relation to GDP. Another
● SMEs introducing marketing or organizational innovations as % of SMEs ● High growth innovative firms Economic effects ● Emp loyment in knowledge-intensive activities (manufacturing and services) as % of total employment ● Contribution of medium and high-tech product exports to the trade balance ● knowledge intensive services exports as % total service exports ● License and patent revenues from abroad as % of GDP “The innovative firm thus has a number of characteristic features which can be grouped into two major categories of skills: ● strategic skills: long-term view; ability to identify and even anticipate market trends; willingness and ability to collect, process, and assimilate technological and economic information; ● organisational skills: taste for and mastery of risk; internal co-
its monetary policy? Fiscal policy (Member states) // Monetary policy (ECB) 29. Which types of policies transfer financial resources from groups of individuals, regions, or countries, to others? (concentrated costs, general benefits) - Redistributive policies Economic policy – Policy dealing with the management of goods and services, including productivity, consumption, money supply and competition. Fiscal policy – Policy dealing with the budgets: how and where goverments revenues are raised and how and where public funds are spent Competition policy - Policy aimed at limiting the Marketplace distortions created by monopoles, cartles, pricefixing, abuse of dominant position and market-sharing Trade policy – Policy dealing with the Exchange of goods and services across borders and including issues such as tariffs, quotas and protectionism Common commercial policy – The common trade policy of the EU, included in the Treaty of
TALLINN UNIVERSITY OF TECHNOLOGY Faculty of Social Sciences Ragnar Nurkse School of Innovation and Governance ! ! ! ! Elise Tõllimäe Pay-for performance: necessary or unsuitable way to increase efficiency in the public sector Essay ! ! ! ! ! ! ! ! ...
1. UN as a world organization The United Nations officially came into existence on 24 October 1945, when the UN Charter had been ratified by a majority of the original 51 Member States. The day is now celebrated each year around the world as United Nations Day. The purpose of the United Nations is to bring all nations of the world together to work for peace and development, based on the principles of justice, human dignity and the well-being of all people. It affords the opportunity for countries to balance global interdependence and national interests when addressing international problems. There are currently 192 Members of the United Nations. The Aims of the United Nations: -To keep peace throughout the world. -To develop friendly relations between nations. -To work together to help people live better lives, to eliminate poverty, disease and illiteracy in the world, to stop environmental destruction and to encourage respect for ea...
Old Ecuador hand Hans Humes, of Greylock Capital, summed up how spectacularly successful the Ecuador strategy was, calling it “one of the most elegant restructurings that I’ve seen” . Countires next clever step was to pay cash for its defaulted bonds, rather than trying to do a bond exchange (Salmon, 2009). Ecuador, country that is the first debtor with the ability to pay, disregarded that the external debt service as a percentage of Ecuador's government revenues used to be extremely high. Since the debt default in 2008, Ecuador has relied mostly on credits from China for financing needs. Ecuador's Finance Minister Fausto Herrera announced in early July that Ecuador is seeking as much as $ U.S. 1.4 billion in order to bankroll this year's budget. The Ecuadorian government created the Programa de Finanzas Populares in 2008. A program that is supposed to expand
through 2030. Lower Natural Gas Prices Significantly reduce natural gas demand and reduce natural gas prices by 12%, saving consumers approximately $130 billion. Expand Manufacturing To produce enough turbines and components for the 20% wind scenario, the industry would require more than 30,000 direct manufacturing jobs across the nation (assuming that 30% 80% of major turbine components would be manufactured domestically by 2030). Generate Local Revenues Lease payments for wind turbines would generate well over $600 million for landowners in rural areas and generate additional local tax revenues exceeding $1.5 billion annually by 2030. From 2007 through 2030, cumulative economic activity would exceed $1 trillion or more than $440 billion in net present value terms. Solar Energy Solar energy technologies use the sun's energy and light to provide heat, light, hot water, electricity, and even cooling, for homes, businesses, and industry.
presence in that country. While other "Wimpy" locations are still in operation presently, they are now independent from BK and no longer have the presence they once did. In 1997, Grand Metropolitan merged with Guinness to form a company called Diageo. Diageo maintained ownership of BKC until 2001 when Diageo decided to focus solely on their beverage products and divest itself of the chain. By the time of the sale, Burger King's revenues and market share had declined significantly, Burger King had fallen to a near tie for second place with rival Wendy's in the US market for hamburger chain restaurants. For many years leading into the early 2000s Burger King and its various owners plus many of its larger franchises closed many under-performing stores. Several of its largest franchises entered bankruptcy due to the issues surrounding the performance of the brand. In 2002, a troika of private equity firms led by TPG Capital, L
BARRIERS TO DISTRICT HEATING DEVELOPMENT IN SOME EUROPEAN COUNTRIES Abstract District heating (DH) offers low primary energy demand, high security of supply and small CO 2 emissions. Barriers to DH in the UK, Ireland, France, Romania and the Czech Republic have been compiled through publications and interviews. DH systems require large investments, have negative initial cash flow and long payback time, which obstructs financing. One actor should control DH from source to consumption. If the value chain is fragmented, contracts are required between the links. It increases risks and financing costs, like in the UK and Ireland, where DH is not established. There are few multi- family houses with central heating and it is expensive to build DH networks in built areas. Most French DH systems are operated according to long-term concessions by companies that sell electricity and gas. No strong actor provid...
purpose, their payment is usually not shy. There are three ways to increase tax revenue: the expansion of the circle of taxpayers, an increase in the number of objects from which the tax is raised, raising tax rates. Tax rates should be so high as to prevent inflation, but at the same time so low to stimulate capital investment, to ensure the development of production. Limiting the level of taxation is determined by the following criteria: 1. if the next increase of the tax rate revenues are growing disproportionately slow or declining; 2. if the reduced rate of economic growth, reduced long-term capital investment, deteriorating financial situation of the population; 3. the growing "shadow" economy, i.e. implicit or explicit tax evasion. The main features of the tax system are summarized in Table 7. In the tax system, there are a variety of benefits such as tax exemption for a number of
California last year. A similar law failed to pass in New York State. If such a law were to pass in New York, it could give CMG new grounds to continue fighting its case for control over Monroe's likeness. [48] In effect, the ruling tossed ownership rights to the public, said Jonathan Polak, who leads the intellectual property group at Sommer Barnard. "Marilyn Monroe is one of the heavyweight celebrities in the licensing business and she has generated significant licensing revenues, but the court has essentially unleashed the right of publicity for Marilyn to the public domain," Polak said.[49] Trivia [edit] Pornographic film claims It has long been rumored or claimed that Marilyn Monroe appeared in some pornographic film, although none has ever been confirmed to exist. The October 1980 issue of Penthouse publicized a 1948 stag film which features a woman who looks similar to Marilyn but was later identified as a lookalike.[50]
The Estonian tax system was changed in 2000. Since 1 January 2000 the corporate profit is no more taxable in Estonia. The subject of taxation is only money, which goes out of an enterprise dividends, benefits etc. The purpose of the experiment is to leave more means for investment at the disposal of enterprises as well as promote foreign investments. The negative aspect of the experiment is a decrease in state budget revenues and consequently in social expenditures. Also, there isn't any guarantee that the money, which is left to enterprises, should be used for investments in Estonia. Initial results of the experiment are contradictory and unclear in their final conclusion. Two different kinds of changes will take place in Estonia while acceding to the EU. First of all, the excise duties for the fuel and tobacco products will arise. These changes aren't of
All he wants is that oil. When the oil comes out from the ground, we also award him the contract to take the oil from us. He brings his tanker, loads the oil and brings it to his own country where he refines it. He pays less than $12 per barrel for the crude oil. He refines the crude into several different products, which are then sent back to us at more than $65 per barrel. In the 1998 year, Exxon generated revenues of $100 billion, Mobil $47 billion, Texaco, $32 billion and Chevron $27 billion. The revenues of these four companies almost outstripped the revenues of all the 50 Black Africa countries south of the Sahara combined. Let’s take a country like Nigeria for instance. It is the so-called giant of Africa, the leader of the Black world. Nigeria is the seventh largest oil producing country in the world. Nigerians pride themselves as one of the most educated people in the world
INTRODUCTION OF SUPPLY CHAIN MANAGEMENT (SCM) A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply chains exist in both service and manufacturing organizations, although the complexity of the chain may vary greatly from industry to industry and firm to firm. Supply chain management is typically viewed to lie between fully vertically integrated firms, where the entire material flow is owned by a single firm and those where each channel member operates independently. Therefore coordination between the various players in the chain is key in its effective management. Cooper and Ellram [1993] compare supply chain management to a well-balanced and well-practiced relay team. Such a team...
4. security 9. depleted (A) power (A) retained (B) safety (B) consumed (C) trap (C) polluted (D) cure (D) inundated 5. debilitating 10. perceive (A) convincing (A) deny (B) formidable (B) miscalculate (C) accelerating (C) observe (D) weakening (D) estimate TEST QUESTIONS Choose the word or phrase that is closest in meaning to the underlined word or phrase. 1. Underestimated tax revenues caused the severe budget crunches that plagued local governments during the early 1970s. (A) depleted (B) finite (C) disappointing (D) miscalculated 2. Casey Stengel was undeniably one of the most successful coaches in the history of baseball. (A) absolutely (B) unexpectedly (C) conceivably (D) likely 3. The power of the sun is trapped by the leaves of plants and used to produce food by a process called photosynthesis. (A) perceived (B) reflected (C) retained (D) converted 4
14 CYAN MAGENTA YELLOW BLACK 14 32. Shareholders owning 5% of the shares are entitled to require a special examination of industrial actions or the entire annual balance if they think violations take place. Article 60. Concept of a Cooperative 1. A Cooperative is a company based on the labor activity of its members or is created for the purpose of development of the business and boosting the revenues and the main goal is to meet the interests of the members. A Cooperative is not primarily oriented towards earning a profit. 3. A Cooperative is liable for its obligations to the creditors only with its own property. Article 61. Share 1. The minimum share of a cooperative member is determined by the founders. One member of the cooperative may have several shares. Article 63. General Meeting 1. Unless otherwise stipulated by the law, the members of a cooperative exercise their
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