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2021. Ecuador. US$ 498 per month (for month average, including proportional 13th and 14th salaries and minimal 15 days vacation period). The minimum wage has been set by the government at $450, per month without social benefits for 2023, but a worker also receives mandatory 13th and 14th salaries.
Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25. Trade rate discount . A trade rate discount, sometimes also called "trade discount", is offered by a seller to a buyer for purposes of trade or reselling, rather than to an end user.
As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. [1] The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. [2] The same year, GRI growth rate at constant prices was around 6.6 percent.
In finance, discounting is a mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee. [1] Essentially, the party that owes money in the present purchases the right to delay the payment until some future date. [2] This transaction is based on the fact that most ...
The Insurance Information Institute recently conducted a study which revealed that the percentage of Americans without homeowner's insurance has more than doubled since 2019. Currently, 12% of ...
Rail operators are government-assisted profit-based corporations, fares and ticketing on Singapore 's Mass Rapid Transit (MRT) system are aimed to break-even or exceed operating expenses. [1] [2] Rail operators collect fares based on account-based (ABT) and card-based ticketing options, [3] [4] the prices of which are calculated based on the ...
The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore. [1] MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price ...
A discount rate applied times over equal subintervals of a year is found from the annual effective rate d as. where is called the annual nominal rate of discount convertible thly. is the force of interest . The rate is always bigger than d because the rate of discount convertible thly is applied in each subinterval to a smaller (already ...