Worried by falling stock prices and plunging sales, cigarette makers are lobbying hard to prevent the government from hiking excise duty for the third straight year.
Industry body, The Tobacco Institute of India in its budget submission to the finance ministry has requested the government to maintain the current duty on cigarettes and reduce duty on the smaller size sub-65 mm length filter to Rs 200 per thousand sticks from Rs 669 per thousand cigarettes to allow the industry
Answer:
comparability of data
Explanation:
Comparability of information is one attribute used only to characterize the consistency of descriptive statistics. For two factors the principle of comparability of data is especially critical to a Triad.
Secondly, the Constellation demonstrates shared data sets. Through nature, the shared data sets include information from different analytical techniques. The degree of comparability among two separate sequencing / technical methods affects the way in which sets of data can be jointly compiled, analyzed and used to help strategic thinking.
Answer:
The quarterly deposit required is $980.69
Explanation:
Giving the following information:
I will assume that the retirement age is 65 years.
First, we need to calculate the future value required one year after retirement.
FV= 40,000*20= $800,000
Number of years= 66 - 30= 36 years*4= 144
Interest rate= 0.08/4= 0.02
Now, to calculate the quarterly deposit required, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (800,000*0.02) / [(1.02^144)-1]
A= $980.69
Answer:
Profit Function = (300 x king size bed) + (150 x queen size bed)
Explanation:
Objective Function is the function which needs to be optimised , i.e maximised or minimised. The function shows the objective variable as a dependent variable, determined by independent / explanatory variable(s).
Given Case : The manager would tend to maximise profit function.
Total Profit = Per unit profit x quantity
So, Profit Function: by per unit profit & sale quantities :
= (300 x king size bed) + (150 x queen size bed)
This profit objective function would be maximised, to find the profit maximising sale quantities of king & queen size beds.
Space, Budget would be the constraints to this optimisation.
The two different ways in which we usually express information about the demand for a good service or resource are the demand schedule is equal to the demand curve.
Explanation:
Demand refers to a consumer's appetite and willingness to buy products and services and to pay the price for a particular good or service. Keeping all the other variables steady will decrease the amount required by increasing the price of a good or service and vice versa.
Usage means the potential of consumers to buy goods and services at certain prices.
It can be either market demand for a particular commodity or aggregate demand for all products in such an economy.
Demand decides, in conjunction with supply, the actual cost and the quantity of goods which increase in value on the market.
