UNIT I NATIONAL INCOME AND MACROECONOMICS 1 National Income National Income is defined as the sum total of all the goods and services produced in a country, in a particular period of time. Normally this period consists of one year duration, as a year is neither too short nor long a period. National product is usually used synonymous with National income. Alfred Marshall in his ‘Principle of Economics’ (1949) defines National income as “The labour and capital of a country, acting on its
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living room, and dining room furniture. The following information presents operating revenues, operating incomes and invested assets of the company over the last three years. (all figures in 000s) Operating Revenues | 2002 | 2003 | 2004 | Dining Room | 8,000 | 15,000 | 16,000 | Living room | 4,500 | 3,600 | 2,400 | Bedroom | 8,800 | 7,600 | 6,600 | | | | | Operating Income | | | | Dining Room | 2,500 | 3,100 | 1,800 | Living room | 450 | 900 | 600 | Bedroom | 1,200 | 1
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maintenance services are to be performed because the Hospital elected to purchase the optional distinctly priced service agreement. Succinctly put, the revenue from separately priced equipment and service contract will be postponed and recognized as income on a straight-line basis. This should be the case unless sufficient historical evidence suggests that the cost of performing the services are acquired in a method other than a straight-line basis in which case revenue should be recognized in equivalent
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18-49 (55%), followed by youth and seniors (25%) and then finally children with the average age around 9 years old (20%). There is no concentration toward male or female. Majority of attendees to events such as the Frogs Forever campaign, are high income families with elementary school aged children along with their grandparents. Along with families there are efforts to attract various ethnic back grounds with focus towards Asian and south Asian markets. Geographic’s: Western Canada residents
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operating unit with its own experienced personnel, regular suppliers, productive facilities and distribution channels. (2) Expanding by combination does not create new competition. (3) Permits rapid diversification into new markets. (4) Income tax benefits. 3. The primary legal constraint on business combinations is that of possible antitrust suits. The United States government is opposed to the concentration of economic power that may result from business combinations and has enacted
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parents, there would be less stress and more income, and for the children there are educational, social, and physical benefits. There would also be a need for more daycare facilities that have quality employees and that offer a federal curriculum. It will affect the economy as well, by offering more jobs and there is more money in the parent’s wallet to spend. Federally funded daycares should be authorized because they can have a huge impact on low income parents. One reason federally funded daycares
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artist and a licensed cosmetologist. As a business owner the profit for the business is referring to the net earnings. Which equals the revenue minus expenditures? It will reflect the actual earnings of the business. Which includes any non-operating income or loss? Profitability the business will reflect the final result of the business operation. It refers to the operating net profit. It helps figure out future earning capability for the business. I think the business maybe affected by supply and
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Simulation Review HCS405 Jan1, 2014 Simulation Review Introduction: Elijah hospital provides both cardiac diagnostic services as well as rehabilitation programs. In this simulation, we will evaluate and assess the funding options for obtaining a new or refurbished medical equipment. Phase 1: By reducing the agency staff, the organization will be saving a lot of money. The other cutting option, that I selected, was hiring unlicensed staff. The second option for phase I is based
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CM = sales – vc CM/unit = SP – VC BE/unit = FC/CM = FC/(SP-VC) BE/$ = TFC/CMR Margin of Safety = Sales – BE Degree of operating leverage = CM/operating income E4-13 Solution CMR = CM/sales =7.60/19 =0.40 Unit variable cost = $19 x 0.5=60 -$11.40 Unit CM = 19 – 11.40 =7.60 BE units = 874000/7.60 = 115000 BE sales revenue = 19 x 115000 = 2185000 BE sales revenue E4-26 Price VC CM # of units 1) Product Price – VC = CM x sales mix = package CM Vases 100 75 25
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this I will be talking about revenue. There are three types of revenue: leasing, sales and interest. Revenue means the total income coming to the business. Incomes generate from sales of products or services. Also businesses find various ways to make revenue for example leasing and interest. Revenue is important for every business as it seen as a top item in an income statement. There are three types of revenue: Interest-this comes from when a business puts a certain amount of money into
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