...Media Releases BSP Conducts Learning Outreach Activities in Dipolog City | 08.06.2015The Bangko Sentral ng Pilipinas (BSP) will conduct the fourth leg of its Economic and Financial Learning Program (EFLP) for 2015 in Dipolog City on 10 to 13 August 2015. The EFLP consolidates the learning outreach activities of the BSP under one flagship program. It includes a series of learning sessions that aim to promote greater public awareness and understanding of key economic and financial issues. The EFLP also embodies the goal of the BSP to promote economic and financial education among its stakeholders, who can then become more effective partners of the BSP in safeguarding price stability and in ensuring a stronger and safer banking and payments system.The following programs will be conducted: * “Project BRO (BSP Reaches Out),” a savings campaign for kids and teens from Grade 1 to Grade 10, scheduled on 10 August 2015, Monday, Dipolog Pilot Demonstration School (8:00 to 11:00 a.m.) and St. Vincent School (1:30 to 4:30 p.m.); and 11 August 2015, Tuesday, Zamboanga del Norte High School (8:00 to 11:00 a.m.), and St. Mary’s Academy (1:30 to 4:30 p.m.); * “Be up to SPeed on BSP,” Information Campaign on the Role of the BSP in the Economy, 11 August 2015, Tuesday, 1:30 to 4:30 p.m. (module for the workforce), and 12 August 2015, Wednesday, 8:30 a.m. to 12:00 noon (module for students), Ariana Hotel; * Financial Education Expo for the Working Sector, 12 August 2015, Wednesday...
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...Writing Essays by Eleanor Wakefield There are several vital elements to any successful college essay. This handout will define those elements and show you how to put them together using an outline. Following this format will help you keep your thoughts organized and get your essay underway. Elements of an Essay Introduction: Usually an introduction starts broad and narrows down to your specific topic, ending in the thesis. This is your opportunity to establish why readers might be curious about your general topic, catch their attention, or put your essay in context. Thesis: Your introduction should end with a clear, specific thesis statement, which will tell readers exactly what your paper will be arguing. Each body paragraph will directly and obviously support your thesis. Body Paragraphs: An essay usually has at least three body paragraphs, and these will be the arguments, evidence, or topics that support your thesis. Topic Sentences: Each body paragraph will begin with a topic sentence which introduces its topic. All of the information in that paragraph will be clearly and logically related to that topic sentence, which in turn should obviously relate to the thesis. Support: You use arguments, data, facts, analysis, quotes, anecdotes, examples, details, etc. to support your topic sentences and flesh out your body paragraphs. A good rule of thumb is to have at least three points to support each topic sentence. Transitions: An effective essay will show the connection between...
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...Perspective of the UIC High School Students on the Effects of a Limited Range of Allowance on their Performance in School Introduction: Opening Statement Monetary allowance contributes to our every action. As students, its uses extend to much more than basic essentials for everyday living. It is observable that the amount of allowance the students need to comply with the demands of the school increases as their degree or level of education increases. With this, the researchers have reason to study on whether their allowance range affects their performance in school or not in their own perspective. Originally, the investment of parents in students’ allowance was expected to make them grow old independently, to develop their skills in managing their budget, to build financial literacy. However, a survey by 2000 Jump$tart in the United States of America found 52.5 %, who didn’t receive an unconditional allowance while growing up, received the highest score in financial literacy while those who received an unconditional allowance had the lowest financial literacy rate of 49.1%. This meant that those who weren’t given an unconditional allowance had more knowledge about savings, spending, and credit. The lack of understanding on the said factors could be rooted to the cause of abusiveness being practiced by the students which includes acts that are considered detrimental to the concentration of students in school like addictive gaming, foolish acquisitions, excessive purchases...
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...Nichole Jacob, Arielle Dominic Submitted to: Ma’am Steph Raval I. Introduction Recently, we’ve noticed that students spend most of their time doing recreational activities. They are convinced that we should enjoy the last days of our high school life. This research will help understand the connection between their temptations—internet, social-networking sites, TV, movies, and music—and their studies. II. The Statement of the Problem Our focus is about the study habits of the students of SLCV—particularly of St. Vincent. We noticed that they are always out to entertain themselves, and that usually concerns the amount of allowance they are given. We want to know: How are the grades they receive when they don’t really spend a certain amount of time studying? How much allowance do they receive? Where do students spend their allowance? These are the questions we want to answer through our research. III. The Significance of the Study A majority in our community are unemployed. Those are usually the ones who went easy along when they were in their last years of schooling. This research will help in pointing out the students who will need more focus in their grades, and in the process, discover new methods of motivation for them to better discipline themselves into putting more work into their studies. IV. Theoretical Framework Some of the theories we based this research on: The first is, we observe that students are convinced that since they have made it...
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...children allowances developed in the early twentieth century when children's purchases of movie tickets, candy, and toys raised concerns about their spending habits. During the Progressive Era (1890s–1920s), allowance advocates recommended giving children a regular but fixed supply of money to inculcate respect for money. Child had endorsed allowances to encourage benevolence and fiscal responsibility. Progressive-era child-rearing authorities joined a much larger chorus calling for new money training regimes in women's magazines and parental advice literature (Child, L.M., 1831). However, despite the benefits gained by the students of having allowance, there are problems and disadvantages present. For example, a student has poor spending habits. They tend to think that this is their money and they can do whatever they want with it. Students have the tendency to spend their allowances on their recreational activities such as, renting a computer unit for fun and games, buying items at the shopping mall, and spending money for the peers. As a study, the proponents seek the effects in line with the daily allowances of students to their academic performance. Statement of the Problem 1. What is the academic performance of the Second year students of the Bachelor of Science in Business Administration Major in Financial Management A.Y. 2012 – 2013 in the University of the Immaculate Conception? 2. What are the advantages and disadvantages of the student’s allowances to their...
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...The Effect of the Daily Allowance in the Academic Performance of the Second Year Students of the University of the Immaculate Conception Ay 2012 – 2013 CHAPTER 1 THE PROBLEM AND ITS SETTING Introduction The practice of giving children allowances developed in the early twentieth century when children's purchases of movie tickets, candy, and toys raised concerns about their spending habits. During the Progressive Era (1890s–1920s), allowance advocates recommended giving children a regular but fixed supply of money to inculcate respect for money. Child had endorsed allowances to encourage benevolence and fiscal responsibility. Progressive-era child-rearing authorities joined a much larger chorus calling for new money training regimes in women's magazines and parental advice literature (Child, L.M., 1831). However, despite the benefits gained by the students of having allowance, there are problems and disadvantages present. For example, a student has poor spending habits. They tend to think that this is their money and they can do whatever they want with it. Students have the tendency to spend their allowances on their recreational activities such as, renting a computer unit for fun and games, buying items at the shopping mall, and spending money for the peers. As a study, the proponents seek the effects in line with the daily allowances of students to their academic performance. Statement of the Problem 1. What is the academic performance of the Second year...
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...Introduction Dr. C.E. Winslow defines Public Health as the science and art of preventing disease, prolonging life, promoting health and efficiency through organized community effort for the sanitation of the environment, control of communicable diseases, the education of individuals in personal hygiene, the organization of medical and nursing services for the early diagnosis and preventive treatment of disease, and the development of the social machinery to ensure everyone a standard of living adequate for the maintenance of health, so organizing these benefits as to enable every citizen to realize his birthright of health and longevity. Public health nursing is defined by the World Health Organization Expert Committee of Nursing as a special field of nursing that combines the skills of nursing, public health and some phases of social assistance and functions as part of the total public health programme for the promotion of health, the improvement of the conditions in the social and physical environment, rehabilitation of illness and disability. Community diagnosis is the process of identification of the various factors that affect the health of an individual in the community and to detect certain problems that a community has. As a community it involves all the individuals that are living in it. Assessment of these factors is done by the Public Health Nurse. It is not an easy task for it requires thorough investigation by surveying families present in the community...
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...1 THE ECONOMIC MOTIVES FOR CHILD ALLOWANCES: ALTRUISM, EXCHANGE OR VALUE OF INDEPENDENCE? Lisa Farrell*, Paul Frijters** and Michael A. Shields* * Department of Economics, University of Melbourne, Australia ** Tinbergen Institute, Free University Amsterdam, Netherlands August 2002 (preliminary draft) Abstract This paper looks inside the “black box” of the family and examines the determinants of inter vivos transfers in the form of allowances given to children. We consider in a simple model two main competing explanations for the transfer of money from parents to children in the form of regular allowances, namely altruism and exchange. We also extend the altruism framework to include unobserved child heterogeneity in monetary autonomy or the 'value of independence'. We use a unique dataset drawn from the British Family Expenditure Survey, which enables us to explicitly test both the inter-generational predictions of the various models, and through a study of siblings, we are also able to consider the intra-household aspects of such payments. Using both random (inter-household) and fixed-effect (intra-household) estimators, we find robust evidence of an nshape relationship between a child's external income and the receipt of allowances from parents. Importantly, this estimated profile does not fit the predications of simple models of altruism or exchange, but does fit an altruism model with unobserved heterogeneity. Further support for the importance of the value of independence...
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...7391/12900 = 53.2% 2011 = 7150/13749 = 52% 2012 = 6278/13594 = 46.2% 2013 = 5871/13522 = 43.4% Debt-Equity Ratio 2010 = 7391/2360 = 313.2% 2011 = 7150/2502 = 285.8% 2012 = 6278/2780 = 225.8% 2013 = 5871/3034 = 193.5% Cash Flow from Operations to Total Liabilities Ratio 2011 = 12.4% 2012 = 8.5% 2013 = 10.1% Interest Coverage Ratio 2011 = 3.3 (538/165) 2012 = 3.9 (635/161) 2013 = 4.2 (651/155) The proportion of long term debt declined during the three year period. 7.23 Trans Return on SE Current Ratio L to A Ratio a. - depends - Increase b. - Increase - Increase - Decrease c. - no effect - no effect - no effect d. - no effect ??? - Decrease e. - no effect - Increase - no effect f. - Increase - Decrease - Increase g. - Decrease - Increase - Decrease h. - no effect - Decrease - Increase 7.24 Trans Working Capital Quick Ratio a....
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...location. To help offset the effects of higher cost areas, military servicemembers may be eligible for a Cost-of-Living Allowance (COLA). COLA is designed to compensate As a servicemember, you can expect to be stationed virtually anywhere in the country. During your career, you are likely to be assigned to a variety of low-, moderate- and high-cost locations. Although private sector pay often reflects the local cost-of-living, military basic pay tables do not vary based on location. To help offset the effects of higher cost areas, military servicemembers may be eligible for a Cost-of-Living Allowance (COLA). COLA is designed to compensate As a servicemember, you can expect to be stationed virtually anywhere in the country. During your career, you are likely to be assigned to a variety of low-, moderate- and high-cost locations. Although private sector pay often reflects the local cost-of-living, military basic pay tables do not vary based on location. To help offset the effects of higher cost areas, military servicemembers may be eligible for a Cost-of-Living Allowance (COLA). COLA is designed to compensate As a servicemember, you can expect to be stationed virtually anywhere in the country. During your career, you are likely to be assigned to a variety of low-, moderate- and high-cost locations. Although private sector pay often reflects the local cost-of-living, military basic pay tables do not vary based on location. To help offset the effects of higher cost areas, military...
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...budget proposed by the Chancellor is based on three key issues; the Personal Allowance Increase, which is meant for the aging population, an issue which has always been addressed from previous budgets. The purpose of the increase in Annual Investment Allowance is to support small and medium firms to boost production from £25,000 - £250,000 for just a short period of two years. Lastly, the pension savings allowance decrease, which the government aims to use for reducing its budget deficit by a quarter of a million pounds that would be of benefit on the long run. These subjects shall be addressed in details on how it would have an effect on the government, employees, employers, corporations, and pensioners because this change would either affect them positively or negatively. This change would be of benefit to the pension scheme on long terms basis based on the fairness of tax treatment for the basic taxpayers who would benefit £170 while the higher rate tax payers by £42.50, giving an estimate of 23.6 million taxpayers gaining from the reductions which would be discussed below. 2.0 Three Key Issues Addressed The Pre-Budget Review of 2012 presented by Chancellor of the Exchequer to the Parliament has proposed some changes in three key issues: Personal Allowance Increase The largest giveaway is the substantial increase in the personal income tax allowance for those aged under 65.The allowance, which was increased from £8105 to...
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...the company. Harnischfeger included financial statements of certain foreign subsidiaries. Its effect would result in sales which totaled to $28.0 million in 1984. In addition, because Harnischfeger would go on to changed its method of depreciation to a more accelerated version, which would be a straight line method, their net income for 1984 went up by $11.0 million. Furthermore, the company went on to increase and change the depreciation life on US plant, and residual value on machinery, which in essence resulted their equipment increase in net income by $3.2 million in 1984. 2. What is the effect of the depreciation accounting method change on the reported income in 1984? How will this change affect profits in future years? The effect Harnischfeger experiences by using the depreciation accounting method change resulted an income increase by $11.0 million. Because of this method change, the company’s net income in 1984 summed up to $15.2 million. As a result of changed their accounting depreciation method, it will affect its profits in future years because the depreciation expense will increase in the future years under the straight line method. Also, expenses will continue to depreciate in the same amount of time with their remaining assets. 3. What is the effect of the depreciation lives change? How will this change affect future reported profits? The effect of the lives change in depreciation would result in an...
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...TAXATION. Name: Institution: A) Effect of Taxation. Taxation is a system of levying taxes on various types of earnings, income and/or purchases. It is an essential part of a modern state whereby the government obtains revenue, which is used for provision of education, health care and living benefits to a range of its citizens (Sullivan 2003). The UK tax system has several incompatible objectives, for instance redistribution of income and wealth creation (through tax breaks). The government must take into account the issue of fairness in taxation, if it is to provide an acceptable tax system in the United Kingdom (Wales 2008). The social function of taxation is to ensure that there is wealth redistribution, in order to create a fair and harmonious society. According to Adam Smith, fairness in taxation promotes morality and equity in free market economics (Sullivan 2003). Fairness in taxation ensures that market failures are tackled. A fair tax regime ensures that the revenue collected is shared equitably and appropriately through judicious expenditure. According to Adam Smith, equity in taxation implies that the taxpayers pay taxes that are proportionate to their income, while the allocation of government resources does not adhere to this proportionality. A fair tax has the following four attributes: equity, efficiency, certainty and convenience. Equity ensures that the tax has a reasonable impact on the taxpayers. Equity is categorized into two forms: horizontal...
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...Bank Limited T. A. Bill No. 07/10 Traveling Allowances Bill. Date: November 07, 2010. Name:- Mohammed Abdul Razzak Designation :- Officer Grade-II, Office:- Nasirabad Branch, Chittagong. Authority:- HO/HRD/PD/PF/2010/ 5407 Dated:11.10.2010, Purpose of Journey:- “Reporting of Scheduled Bank Statistics (SBS-2, 3)” 1. Particulars of Journey:- |From |Date of Departure |Time of Departure |To |Date of Arrival |Time of Arrival |No. of days | Chittagong 22.10.2010 10.00 a.m. Dhaka 22.10.2010 11.30 p.m. 2 days Dhaka 23.10.2010 6.30 p.m. Chittagong 24.10.2010 02.30 a.m 2. Expenses:- i) Fare for self by Air/ Rail/ Launch/ Bus ....... …780X2…………........ ........ Tk= 1560.00 ii) Fare for family members by Rail/ Steamer/ Launch/ Bus ......... ........ ....... Tk= ---- iii) Extra fare as per entitlement of journey ....... 1/2 ....... Tk= 780.00 Miscellaneous expenses (In case of persons entitled at actual) ........ ....... Tk= ---- iv) Mileage Allowances as per admissible rate (If Rail/ Steamer/ Launch/ Bus service is not...
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...PBL 1: TechnoMaju Sdn Bhd To promote sales, the Marketing Manager offers a one-year warranty and credit sales. These warranty costs and bad debt expense are estimated at 1% of total sales and 1% of credit sales respectively. According to Mydin, since these are estimations the accountant should just ignore them. Otherwise, the amount of profit will not be accurate. Part 1 : Learning Issues 1. What are credit sales? 2. What are warranty costs? 3. What are bad debts expenses? 4. What are the methods of accounting for bad debts expenses? 5. What are the methods to estimate bad debt expenses? 6. What are the significance of the estimation of bad debt expense and warranty cost to the financial statements? Introduction A sales promotion is an activity designed to boost the sales of a product or service. It may include an advertising campaign, increased PR activity, a free-sample campaign, offering free gifts or trading stamps, arranging demonstrations or exhibitions, setting up competitions with attractive prizes, temporary price reductions, door-to-door calling, and telemarketing. Price promotions are also commonly known as “price discounting”. These offer either (1) a discount to the normal selling price of a product, or (2) more of the product at the normal price. Increased sales gained from price promotions are at the expense of a loss in profit – so these promotions must be used with care. For TechnoMaju Sdn Bhd, the company is offering a one-year warranty...
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