Subject EconomicsExamples of Current and Non-current AssetsASSETS
In accounting, assets are any resources with value owned by the business, company, entity or person. Assets have two categories, these are:Current AssetsNon-current Assets1. Current Assets
-these are assets that can be readily converted to cash in a normal operating cycle of a business. The normal operating cycle of a business is within 1 year.
Some Examples of Current AssetsCash and cash equivalentsAccounts ExpensesMarketable Securities2. Non-current Assets
-these are business resources that are considered long-term assets or long-term investments that have a longer useful life that is usually more than 1 year. Not easily convertible to cash.
Some Examples of Non-Current AssetsLandProperty, Plant and EquipmentTrademarksLong-term InvestmentsGoodwill
All fixed assets and intangible assets fall under the category of non-current assets.
Further topics about assets and liabilities
What is the opposite of assets
Upang sagutin ang tanong kung nakakabuti ang rice tariffication law sa mga magsasaka, alamin muna natin kung ano ang batas na ito.
Ang Rice Tariffication law o Republic Act 11203 ay naglalayong tanggalin ang quota o limitasyon sa pag-aangkat ng bigas mula sa ibang bansa. Ibig sabihin, maaring mag-angkat ng bigas ang mga negosyante nang walang limitasyon ngunit sila pa rin ay dapat magbayad ng taripa o buwis sa mga bigas na kanilang inaangkat.
Ilan sa dahilan kung bakit nilagdaan ito ng ating Pangulo ay dahil sa paniniwalang makakatulong ito upang pababain ang halaga ng bigas na dulot ng kakulangang naranasan ng bansa noong nakaraang taon.
Ayon sa mga balita, bukod sa makakatulong ito sa ating kabuuang ekonomiya, makakatulong rin ito sa mga magsasaka dahil maglalaan ang gobyerno ng mahigit sampung bilyon taun-taon upang mabigyan ng subsidiya ang mga lokal na magsasaka.
Sa kabilang banda, ang pagdami ng supply ng bigas bunga ng rice tariffication law ay nagdudulot ng surplus o sobra sobrang supply ng bigas na nagiging dahilan upang bumaba ng todo ang halaga ng bigas na ibinebenta ng mga lokal na magsasaka at ito ang direktang epekto na nararanasan niila ngayon. Dahil sa pagbababa ng halaga ng kanilang mga bigas, nagkakaroon ito masamang epekto sa kanilang pamumuhay lalo na sa pagtangkilik ng kanilang pamilya.
Mula sa mga nabanggit na talata, ating masasabi na may mabuti at hindi mabuting maidudulot ang rice tariffication law sa mga magsasaka ngunit nakakalungkot isipin na sa kasalukuyan mas nananaig ang mga hindi mabuting dulot nito sa mga magsasaka at kanilang pamilya. Nawa ay agad matugunan ng ating gobyerno ang kanilang mga daing upang hindi maisawalang bahala ang kabutihang maidudulot nito.
Business sector is one of the most income-generating factors that lead to country's growth and development. Most of the countries that have growing businesses have their infrastructure sector grow together with their pace as well. Unfortunately, this is not happening in our country. Though our economy is considered as fast-rising in Asia, our business and infrastructure sector find it hard to them to boost their projects that might help our economy to reach greater heights as well.
The reason why the business sector is handicapped with inadequate infrastructure services because of some factors:Location - most of our business centers are in the mainland and the tendency to build huge infrastructure projects are not feasible as to this date because of overpopulation in the area. Business cannot expand their scope because most part of these business areas are still occupied by residential lands which we cannot demolish. If a land is intended only for commercial spaces without any residential allotments, it will still not lead to greater income because no one will patronize the products. Because of this scenario, many proposals that suggest urbanization of rural places would be a game-changer in the business sector, but few investors are interested in slow-moving return of investment due to location and few consumers available in the area.Lack of investors - since rural places have varied lifestyles, investors find it hard to gain market in those areas because of difference in priorities. That's why even though the market is stiff and tight, most investors tend to take the risk on placing their businesses in urban places rather than setting it up in rural areas without any assurance of return of investment. Difference in social groups - the most awesome infrastructure in our country can only be experienced by people who belong in the middle and higher classes of our society. Since they only cater to a specific group of community, the larger and greater group cannot afford to visit and patronize their businesses. That is why, most of the consumers shops at stores they can afford. If large companies would tie up and help small and starting businesses in developing a business world where social class is disregarded, then I think our economy would grow fast. Corruption - this is in relation with the existing policies in the planning and implementation phase of any infrastructural project where people of both parties agreed upon something unconstitutional. There are scenarios where businesses disregard government policies just to continue their operations. Other companies uses substandard materials in their infrastructure projects to produce weak facilities. With this, there will be a tendency that the government will need to repair it and the same contractors might get the same project again. There are more examples of corruption in the government and private sectors which pulls our economy down instead of giving it better opportunities for development.
These are just some of the reasons. For more information regarding this topic, you may click the link below:Who are the Underpriviledge sector on the society
Narrow and Exclusive Definition
In the English language, exclusivity is the restriction or the limitation within a group, area or people. In terms of globalization, narrow and exclusive means that the focus of the globalization would be limited to the country alone.
Advantages of narrow and exclusive globalization:
1.Focuses on the development of the country
2.Enhancement of the policies in a country
3.Supported by people
Gives importance to the people and the cultures inside the country
Disadvantages of narrow and exclusive globalization:
1.Results to trade wars with other countries
2 Limited perspective
Failure to establish connections with 3.other countries
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