New products are not introduced into the CPI until they are commonly used by consumers. This delay with introducing new products into the CPI fails to capture the product price declines generating a rising bias to the CPI. The CPI does not account for product improvements that increase the life, quality, or practicality of the product. Therefore, the price of the product has increased less then perceived due to the increase in life, quality, and practicality. (Federal Reserve Bank of San Francisco,
The myth that Systembolaget is only trying to make a profit can be debunked by the fact that alcohol and its effects create losses for the government. The government does receive large sums through VAT and alcohol tax but the cost to society due to abuse of alcohol is a lot higher. According to 2011’s Missbruksutredningen (Translated: abuse inquiry), alcohol creates a cost to society of 49 to 66 billion Swedish kronor ($6-8 billion). The government isn’t trying to exploit consumers but protect them and society from the effects of alcohol abuse. Price Elasticity of Demand for Alcohol Price elasticity of demand measures the responsiveness of quantity demanded of a good to a change in price.
If assesse acquired it for more than $10,000, is disregarded for only capital losses. If it is acquired for $10,000 or less, it is disregarded for both capital gains and capital losses. (b) (b) Functioning out Mr. Dave’s Net Capital Gain Capital Gains Tax of each asset should be calculated by Net Capital Gain formula given below: Net capital gain = Total capital profit for the current year Less: Total capital losses (including any net capital losses from previous years) 1) Generally, CGT is not an isolated tax. The net capital profits forms part of assesse assessable income in the year the CGT event occurred and is to be paid as a part of assesses income tax assessment for the respective income year. 2) As assets are often long term assesse needs to keep records safely and securely relating to purchase, conservation and enhancements.
There maybe or no non-price competition like advertising, sales promotions and other market strategies, because the monopolist is the only source of the product. 4. Price and Output Determination under Monopoly Monopolist’s demand curve slopes downwards to the right. This means that he can increase his sales only by decreasing the price of his product and maximize his profit. The marginal revenue curve of a monopolist is below the average revenue curve and the MR curve falls faster than the AR curve, because he has to decrease the price of his product to sell an additional unit.
The resource use either going to be beneficial for long or not, it can be shown in the country’s gross domestic product (GDP) pointers. The decline in assets are not reflected by the said measures of economic wellbeing. Which are regarded as suitable methods to measure future economic growth of a nation. The ecosystem services in most countries are offered free of charge; such as water. This makes their filth not to be included in standard economic measures.
QUESTION 1 (a) SST (Sales and Service Tax) is a form of indirect taxation levied in Malaysia and single stage consumption tax. Sales Tax is imposed on consumers, collected by business enterprises and accountable to the Royal Malaysian Customs and Excise Department. The law governing the imposition of sales tax is the Sales Tax Act 1972 (Act 62) which takes effect from 29 February 1972. Income tax or real property gains tax on the contrary is a form of direct taxes as the taxpayer pays the taxes directly to the tax authorities. Hence, this tax not imposed on personal or professional services, sales of real property, or on sales of intangible property.
The GST penalizes every Malaysian citizen equally regardless of both the rich and the poor. Unlike the income tax or corporate tax, GST is hardly progressive. It makes necessities such as food, transport, houses, clothing and medical treatment more expensive to both the rich and the poor. However, GST can be progressive if the government taxes more on luxuries and less on necessities and Malaysia government can construct strong transfer or welfare system to assist those financially needy
In running the business, the bank divided into Conventional Bank and Islamic Bank that run their business in the Syariah principle. Conventional bank gains their profit form the interest rate that received from borrowers and the low interest paid to the depositor (Santos 2000). While Islamic bank actually plays the same role as the conventional bank but it cannot to receive a pre-determined interest from borrowers and also do not pay a pre-determined interest to the depositors. The fee-based banking services are almost same with the conventional bank as long the Islamic bank does not receive and pay the predetermined interest. Interest is prohibited in Islamic bank but it replaced with the profit sharing concept (Arif 2006).
In Malaysia, only two of takaful operators practice this mudarabah model. (ii) Wakalah Model. Under wakalah model, the surplus is referred to the surplus contributed by the participant into the Risk Fund based on tabarru’ contract. Upon reaching a financial period, the sum of tabarru' will not be equal with the amount the claim. If the tabarru’ amount is less than the sum of claims then the Risk Fund will be deficit, otherwise the tabarru’ amount exceed the claim then the Risk Fund will have a surplus.
Table 2. Disadvantages of Foodpanda Challenges Case Study: Foodpanda Cash on delivery payment method This is not a problem for Foodpanda because the food delivery services are only made within the region. Hence, there is no barrier for other countries because the food cannot be delivered outside the country. (although shipping is possible, Foodpanda delivery services only delivers freshly made food) Returning policy In this case, foodpanda does not accept returning policy. However, there is a refund policy within 24 hours if an order is cancelled by the vendor (restaurant) or Foodpanda and the payment has been made online.