Question
What are super normal profits made by companies due to
an unprecedented event, as indicated in the para above, known as?Solution
Windfall gain (or windfall profit) is an unexpected gain in income from an unforeseen source/event. Windfall gains may take place due to sudden steep rise in prices of a commodity or extreme shortage of a resource, asset or product. For an individual, windfall gain could be a sudden spike in income due to one-time events like inheritance of property, money gained on selling property when its prices increase dramatically, etc. Windfall gain may also refer to gains from winning a lottery, betting income etc. A windfall tax is a one-off tax imposed by a government on a company on such windfall gains, which is over and above the normal rates of tax.
Which group of ratios relates the financial charges of a firm to its ability to service them
Under the SARFAESI Act, what is the minimum net-owned funds (NOF) required for an ARC to operate?
Calculate the average age of inventory(Assume 360 days in a year):
Regarding the millets and their benefits, consider the following statements:
1)Millets are important due to their potential to generate livelihoo...
Contingent liabilities are recorded in:
What was India's current account deficit (CAD) as a percentage of GDP in FY24 as per economic survey 2023-24?
Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people in the age group of 18 to _________ years having a bank account who give their consent t...
Which of the following is a short-term source of funding?
Which of the following statements about operational risk are correct?
I. It is associated with internal company procedures, people, and systems.<...
In the context of working capital assessment, the Tandon Committee recommended that the borrower should bring in a minimum of what percentage of the tot...