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Bankrate insight. If your total product revenue is $50 and the total production costs are $35, your gross profit would be $15. To find the gross profit margin, you’d do the following calculation ...
The Internal Revenue Allotment (IRA) is a local government unit’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment.
A barangay's executive is the Punong Barangay or barangay captain and its legislature is the Sangguniang Barangay, composed of barangay captain, the Barangay Kagawads (barangay councilors) and the SK chairman.
Budget Call issued to outline the presentation form, recommend certain goals. Budget Formulation reflecting on the past, set goals for the future and reconcile the difference. Budget Hearings can include departments, sections, the executive, and the public to discuss changes in the budget. Budget Adoption final approval by the legislative body.
The barangay [c] (/ b ɑːr ɑː ŋ ˈ ɡ aɪ /; abbreviated as Brgy. or Bgy.), historically referred to as barrio, [d] is the smallest administrative division in the Philippines.Named after the precolonial polities of the same name, modern barangays are political subdivisions of cities and municipalities which are analogous to villages, districts, neighborhoods, suburbs, or boroughs. [6]
The Sangguniang Barangay, known in English as the Barangay Council [note 1] is the local government of a barangay, the smallest administrative division in the Philippines. Each of the 42,004 barangays in the country has its respective Sangguniang Barangay. The term is coined from the Tagalog words sanggunian (lit. ' advisory ') and barangay.