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Mandaue City
Mandaue (), officially the City of Mandaue ( ceb, Dakbayan sa Mandaue; fil, Lungsod ng Mandaue), is a 1st class highly urbanized city in the Central Visayas region of the Philippines. According to the 2020 census, it has a population of 364,116 people. Mandaue City is located on the central-eastern coastal region of Cebu. Its southeast coast borders Mactan Island where Lapu-Lapu City is located and is connected to the island via two bridges: the Mactan-Mandaue Bridge and Marcelo Fernan Bridge. Mandaue City is bounded on the north by the town of Consolacion, to the east by the Camotes Sea, and to the west and south by Cebu City. It is one of three highly urbanized cities on Cebu island and forms a part of the Cebu Metropolitan area and was part of the Sixth District Cebu joined with the municipalities of Consolacion and Cordova - it was qualified for a lone district since 1991. In April 5, 2019, President Rodrigo Duterte signed a law declaring this city as a lone legislat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mactan Channel
The Mactan Channel, also known as Opon Channel, is the strait between the island of Cebu and the smaller Mactan Island. The body of water is located within Metro Cebu, separating Mandaue and Cebu City in mainland Cebu from Lapu-Lapu City on Mactan. It is one of the three channels that connect the Cebu Strait to the Camotes Sea — the other two being the Hilutangan Channel and the Olango Channel. Overview It is the main passageway for ships navigating between Cebu and Bohol. Several ferries to the other islands, Samar Island, Leyte Island, Bohol Island, Negros Island, Mindanao Island, and also to the ports of Manila, Cagayan de Oro, & Butuan City operate from the Port of Cebu and they extensively use this channel. The various ferries that operate out of this channel are: Weesam Express (SRN Fast Seacrafts, Inc.), 2GO Travel, OceanJet FastCraft, SuperFerry (Abotitz Shipping Company), Cokaliong Shipping Lines, & Sulpicio Lines. Also, there are various other sma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mandaue City Council
The Mandaue City Council (Filipino: ''Sangguniang Panlungsod ng Mandaue'') is Mandaue's Sangguniang Panlungsod, a local legislative body. It is composed of 10 elected members as City Councilors. And 2 other members being the President of the Association of Barangay Captains (ABC) and the President of the Sangguniang Kabataan Sangguniang Kabataan (abbreviated as SK; ) is a council meant to represent the youth in each barangay in the Philippines. It was put "on hold", but not quite abolished, prior to the 2013 barangay elections. In January 2016, the Sangguniang ... (SK) or Youth Council. Current members These are the members after the 2019 local elections: Past members References {{Legislatures of the Philippines Politics of Mandaue City councils in the Philippines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liability (financial Accounting)
In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is ''obliged'' to make to other entities as a result of past transactions or other ''past'' events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. Characteristics A liability is defined by the following characteristics: * Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time; * A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand; * A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and, * A transaction or event obligating the entity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Expenditure
An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture, or an automobile is often referred to as an expense. An expense is a cost that is "paid" or "remitted", usually in exchange for something of value. Something that seems to cost a great deal is "expensive". Something that seems to cost little is "inexpensive". "Expenses of the table" are expenses for dining, refreshments, a feast, etc. In accounting, ''expense'' is any specific outflow of cash or other valuable assets from a person or company to another person or company. This outflow is generally one side of a trade for products or services that have equal or better current or future value to the buyer than to the seller. Technically, an expense is an event in which a proprietary stake ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Allotment
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. The allotment is largely based upon the type of government they are and a formula based upon their land area and population. Section 284 of the Local Government Code of the Philippines (RA 7160) sets up the formula for the distribution of the allotment. All or nearly all of the revenue that a local government has to spend comes from their IRA, though some local governments also have additional local sources of revenue such as property taxes A property tax or millage rate is an ad valorem tax on the value of a property.In the OECD classification scheme, tax on property includes "taxes on immovable property or net wealth, taxes on the change of ownership of property through inheri ... and government fees. Typically for municipal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees. This definition is based on IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, in the balance statement, revenue is a subsection of the Equity section and revenue increases equity, it is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses). In general usage, revenue is the total amount of incom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Measuring Poverty
Poverty is measured in different ways by different bodies, both governmental and nongovernmental. Measurements can be absolute, which references a single standard, or relative, which is dependent on context. Poverty is widely understood to be multidimensional, comprising social, natural and economic factors situated within wider socio-political processes. The capabilities approach argues that capturing the perceptions of poor people is fundamental to understanding poverty. The main poverty line used in the OECD and the European Union is a relative poverty measure based on 60% of the median household income. The United States uses an absolute poverty measure based on the U.S. Department of Agriculture's "economy food plan", adjusted for inflation. The World Bank also defines poverty in absolute terms. It defines ''extreme poverty'' as living on less than US$1.90 per day. ( PPP), and ''moderate poverty'' as less than $3.10 a day. It has been estimated that in 2008, 1.4 bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Philippines
The economy of the Philippines is the world's 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand. The Philippines is one of the fastest-growing emerging markets, and the 3rd highest economy in Southeast Asia by nominal GDP, following Thailand and Indonesia. The Philippines is considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on services and manufacturing. As of 2021, its GDP by purchasing power parity was estimated at $1.47 trillion, the 18th largest in the world. The country's primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Its major trading partners include Japan, China, the United States, Singapore, South Korea, the Netherlands, Hong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of ZIP Codes In The Philippines
In the Philippines, a ZIP code is used by the Philippine Postal Corporation (PhlPost) to simplify the distribution of mail. While its function similar with the ZIP Codes used in the United States, its form and usage are quite different. Its use is not mandatory but highly recommended by the PhlPost. A ZIP code is composed of a four-digit number representing a locality. Usually, more than one code is issued for areas within Metro Manila, and a single code for each municipality and city in provincial areas, with some rare exceptions such as Dasmariñas in Cavite, which has three ZIP codes (4114, 4115, and 4126), Los Baños in Laguna, which has two ZIP codes (4030 and 4031 for the University of the Philippines Los Baños), and Angeles City, which has two ZIP codes (2009 and 2024 for Barangay Balibago). See also * Postal addresses in the Philippines * Telephone numbers in the Philippines References External linksPhilippine Postal Corporation {{DEFAULTSORT:ZIP codes in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Standard Time
Philippine Standard Time (PST or PhST; fil, Pamantayang Oras ng Pilipinas), also known as Philippine Time (PHT), is the official name for the time zone used in the Philippines. The country only uses one time zone, at an offset of UTC+08:00, but has used daylight saving time for brief periods in the 20th century. Geographic details Geographically, the Philippines lies and 126°34′ east of the Prime Meridian, and is physically located within the UTC+08:00 time zone. Philippine Standard Time is maintained by the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). The Philippines shares the same time zone with China, Taiwan, Hong Kong, Macau, Malaysia, Singapore, Western Australia, Brunei, Irkutsk, Central Indonesia, and most of Mongolia. History Philippine Standard Time was instituted through Batas Pambansa Blg. 8 (that defined the metric system), approved on December 2, 1978, and implemented on January 1, 1983. The Philippines is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Household
A household consists of two or more persons who live in the same dwelling. It may be of a single family or another type of person group. The household is the basic unit of analysis in many social, microeconomic and government models, and is important to economics and inheritance. Household models include families, blended families, shared housing, group homes, boarding houses, houses of multiple occupancy (UK), and single room occupancy (US). In feudal societies, the royal household and medieval households of the wealthy included servants and other retainers. Government definitions For statistical purposes in the United Kingdom, a household is defined as "one person or a group of people who have the accommodation as their only or main residence and for a group, either share at least one meal a day or share the living accommodation, that is, a living room or sitting room". The introduction of legislation to control houses of multiple occupations in the UK Housing A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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