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Sliding scale fees are variable prices for products, services, or taxes based on a customer's ability to pay. Such fees are thereby reduced for those who have lower incomes, or alternatively, less money to spare after their personal expenses, regardless of income. [1] Sliding scale fees are a form of price discrimination or differential pricing.
The Lehman Scale was widely used in the 1970s, 1980s and 1990s but is no longer the standard that it used to be due to inflation ($100 in 1970 is $785 in 2023 dollars). To account for this, some banks developed variants in the 1990s that critics saw as overly greedy - for example, switching to $10 million increments (i.e., 5% of the first $10 ...
The sliding wage scale consists in increasing the wages as the prices rise in order to maintain the purchasing power of the workers even if there is inflation.
Trail commission (TC) is commission paid by investment management companies to financial advisers. It is generally around 0.1% to 0.9% p.a. of the value invested by a client. If an investment is made directly through a financial adviser, TC is generally kept by the adviser. A financial adviser should act purely in the investors' best interests.
Gauge is a measure of materiality that experiences a decreasing returns to scale as opposed to the other traditional quantitative metrics aforementioned. The concave nature of the function leads to a lower materiality threshold (which implies less tolerance for misstatement) as the company becomes larger because more users are relying on the ...
In the L-shaped cost curve, the long run cost would keep fixed with a significantly increased scale of output once the firm reaches the minimum efficient scale (MES). However, the average cost in an L-shaped curve may further decrease even though most economies of scale have been exploited when firms achieve the MES because of technical and ...
The Pay Commission is a committee constituted by the Government of India decennially, responsible for tabling recommendations regarding changes in the salary structure of federal employees, both civilian and defence. Established in 1947, seven pay commissions have been set up each decade since India's independence to review and provide ...
The cost of electricity also differs by the power source.The net present value of the unit-cost of electricity over the lifetime of a generating asset is known as the levelized cost of electricity (LCOE).