800 Calculate operating surplus 1.
Mixed income. SURPLUS
is a blog for student of class XII ECONOMICS was statrted in 2009 , as per the syllabus prescribed by CBSE for the Examination 2010. National income (income method) = Compensation of employees + operating surplus + mixed income of self-employed + net factor income from abroad. wealth tax, windfall gifts, etc. Required desktop or laptop with internet connection However, the addition of 92 agencies by the Ministry of Finance in an effort to shore up the revenues accruing to the government had brought the number of organisations required to pay operating surpluses to 122.Among the 92 new agencies now included in the list are the National Drug Law Enforcement Agency, Nigerian Investment Promotion Council, Nigerian Railway Corporation, Small and Medium Enterprise Development Agency of Nigeria and the Federal Radio Corporation of Nigeria.Following a new thinking about how to calculate the operating surplus, the FRC had prepared a new template for determining what agencies should pay.Although the new template has already been circulated to concerned agencies, our correspondent learnt that the inauguration of the template scheduled for the early days of August would mark the formal implementation of the template.In the document titled ‘Operating Surplus Calculation Template’, the Federal Government claimed that the mopping up of unspent funds from the Ministries, Departments and Agencies at the end of a financial year by the Office of the Accountant-General of the Federation was not scientific and thus the need for the adoption of payment of operating surpluses by agencies.The document stated, “The Federal Government has the statutory responsibility of setting up bodies to perform certain specialised functions for smooth running and growth of the economy. Explanation: NOTE : We will not calculate operating surplus just by adding the above mentioned rent and profit . 0 Thank You. No software required, no contract to sign. CBSE Class 12 Economics Chapter-National Income and Related Aggregates Important Questions – Free PDF Download. There has to be some type of conditional format that can be entered across the board that will return the proper balance. Calculating Hard Income Surplus/(Deficit) should be able to calculate with the same formula regardless if we are talking Actual, Budget, Project, Variance.
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Calculate operating surplus Sales. The last available data we have for you is Fiscal Year . ANS.2500 It is calculated as a balancing item in the generation of income account of the national accounts.. Free PDF download of Important Questions with Answers for CBSE Class 12 Economics Chapter – National Income and Related Aggregates prepared by expert Economics teachers from latest edition of CBSE(NCERT) books only by CoolGyan to score more marks in CBSE … Intermediate consumption. It has consequently invested resources and efforts to set up such entities.“Akin to a private sector investor, the Federal Government expects to reap some level of reward out of the surplus made by these entities from their operations by way of independent revenue.“Over time, the OAGF has been mopping all balances liquid funds at the end of each financial year.
Exclusions Interest. GDP at MP is 4000-600=3400 NDP at FC is 400+800+op.surplus GDP at MP=NDP at FC + DEP. The Federal Government is set to inaugurate the use of a new template for calculating the operating surplus payable by government agencies and departments deemed as revenue generating organisations.The Fiscal Responsibility Act, 2007 requires listed agencies to pay 80 per cent of their operating surpluses into the Consolidated Revenue Fund, while retaining 20 per cent.The operating surplus is made up of revenues accruing to government agencies above what they are approved to spend at the beginning of the budget year.Thirty agencies were originally listed in the Act. The Federal Government is set to inaugurate the use of a new template for calculating the operating surplus payable by government agencies and departments deemed as … It differs from profits shown in company accounts for several reasons.
[ Operating surplus= rent and royalty+ interest + profit] To calculate operating surplus : 800= 350+ x + 70 ( x being operating surplus) x = 800 - 420. hence , x = operating surplus = 380. Calculation of operating surplus from ch-4macro eco class 12
The Operating Surplus (after depreciation) KIPI score shows your organization's relative performance on the operating surplus or deficit divided by the total expenses after depreciation. 2.
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