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flat rate and diminishing rate Related Images

flat rate and diminishing rate Post Review

Our country just breached the 500 COVid19 infection level....

That's expected given accelerated na testing natin and we have more testing kits.What I'm watching now is the rate of infection. Sana flat rate lang. Or better yet, diminishing.

Don’t forget the difference between flat rate and hourly... flat rate is awesome for both parties if the contract is held within the agreed parameters. Most freelance designers aren’t keen on business aspects and get diminishing return if they take on a troublesome client.

Our logic arose from: Charging a flat rate means we can keep to our principle "For everyone, equally"—it's very important to us that big/famous/successful creators can't wag this dog. Everyone pays the same, no creator is worth 1000x more to us than another.

Also: when an established business gets past a certain point of hugeness, they DO start looking at those fees and the diminishing return, and being tempted away by flat-rate efficiencies. So, cap it out with a flat-rate enterprise tier for the $50k/mo revenue crowd.

VAT is fairly efficient for a revenue source. I'd swap income tax for VAT in a heartbeat and if the idea is to expand government (not my preference, but let's assume it was happening) it is the least painful option to finance it

Yes. VAT is efficient if broad-based at a flat rate not too much above 10 (diminishing returns from avoidance). I thought you meant an add-on tax, not a replacement. Also, I assume all taxes fall on labor and capital; timing is secondary.

@SteveBryantArt Oh crud. Hope it goes smoothly.

@JenniferLMeyer It's a case of diminishing returns. They don't have their act together and double my time w/countless revisions (flat rate).

flat rate and diminishing rate Q&A Review

Why are home loans paid via diminishing rate while car loans are based on fixed rate?

It depends on what type of loan you're asking for. In the current Banking scenario, there are no fixed rate loans. Only floating rate loans. There are institutions which are charging flat rates instead of diminishing rates. You can always whether the loan is diminishing or flat/fixed rate.

If I were to use Google Adwords, should I spend more and more per month, or at a flat rate?

What's your goal, performance and constraints? If you are looking to drive more sales and can continue investing, then it may be a good idea. If you can't afford to spend more, or you aren't getting good results or your goal is ROI then spend a flat rate and instead optimize your campaigns. But also be aware of the rate of diminishing returns. targeting 100% impression share is silly for anything other than your top .01% of keywords because you'll end up attracting more irrelevant clicks as you scrape the bottom of the barrel and see your conversion rate decline and CPA rise. And using open broad match is dangerous. So if you have high IS% for your exact/phrase/BMM and want to continue investing in digital advertising, then you may want to consider other ad platforms, like: Bing Ads,, which gives you the other ~30% of the US search market share and you can import your google campaigns over in a snap. Facebook ads, gives you massive scale with excellent user targeting abilities. Affiliate, networks are also a popular option for driving sales/leads

What is the difference between flat interest rate and reducing balance interest rates?

Flat Interest Rate Flat interest rate, as the term implies, means an interest rate that is calculated on the full amount of the loan throughout its tenure without considering that monthly EMIs gradually reduce the principal amount. As a result, the Effective Interest Rate is noticeably higher than the nominal Flat Rate quoted in the beginning. The formula of calculating fixed rate of interest is – Interest Payable per Instalment = (Original Loan Amount * No. of Years * Interest Rate p.a.) / Number of Instalments For example,, if you take a loan of Rs 1, 00,000 with a flat rate of interest of 10% p.a. for 5 years, then you would pay: Rs 20,000 (principal repayment @ 1, 00,000 / 5) + Rs 10,000 (interest @10% of 1, 00,000) = Rs 30,000 every year or Rs 2,500 per month. Over the entire period, you would actually be paying Rs. 1, 50,000 (2,500 * 12* 5). Therefore, in this example, the monthly EMI of Rs. 2,500 converts to an Effective Interest Rate of 17.27% p.a. This method is particularly used to calculate the interest payable for personal loans and vehicle loans. In this method, you have to pay interest on the entire loan amount throughout the loan tenure. It is actually less popular among the borrowers because even if you gradually pay down the loan, the interest does not decrease. Flat interest rates generally range from 1.7 to 1.9 times more when converted into the Effective Interest Rate equivalent. Reducing / Diminishing Interest Rate Reducing/ Diminishing balance rate, as the term suggests, means an interest rate that is calculated every month on the outstanding loan amount. In this method, the EMI includes interest payable for the outstanding loan amount for the month in addition to the principal repayment. After every EMI payment, the outstanding loan amount gets reduced. Therefore, the interest for the next month is calculated only on the outstanding loan amount. The formula for calculating reducing balance interest is – Interest Payable per Installment = Interest Rate per Installment * Remaining Loan Amount For example,, if you take a loan of Rs 1, 00,000 with a reducing rate of interest of 10% p.a. for 5 years, then your EMI amount would reduce with every repayment. In the first year, you would pay Rs 10, 000 as interest; in the second year you would pay Rs. 8,000 on a reduced principal of Rs. 80,000 and so on, till the last year, you would pay only Rs. 2,000 as interest. Unlike the fixed rate method, you would end up paying Rs. 1.3 lakh instead of Rs. 1.5 lakh. This method is particularly used to calculate the interest payable for housing, mortgage, property loans, overdraft facilities, and credit cards. In this method, you have to only pay interest on the outstanding loan amount. The interest rates quoted for such loans are the Effective Interest Rate, which is similar to the interest rates used for Fixed Deposits (FD) and Savings Accounts. Difference between Flat Interest Rate and Reducing Balance Rate In flat rate method, the interest rate is calculated on the principal amount of the loan. On the other hand, the interest rate is calculated only on the outstanding loan amount on monthly basis in the reducing balance rate method. Flat interest rates are generally lower than the reducing balance rate. Calculating flat interest rate is easier as compared to reducing balance rate in which the calculations are quite tricky. In practical terms, the reducing rate method is better than the flat rate method.

What is a proper compensation rate for a company who will refer or/& resell our B2B solution (startup)? And for how long to compensate for referring and reselling? Couple of years or lifetime? Diminishing or flat rates? ARR between USD 3000 to 8000

Well, it all depends on the product, the seller, the industry standard and so on. You have to tell us what your business is, if you want meaningful answers.

Rs. 2375 is the EMI for 1 lakh for a period of 7 years (flat rate, not diminishing). What is the interest rate and how is it calculated?

Answer is 22.53 % go to the link EMI Calculator for Home Loan, Car Loan & Personal Loan in India and just type in 22.53% for interest rate

What is a typical interest rate on a small business loan?

If you are planning to avail a loan for start-ups or already own a business, then you probably are aware of the benefits of capital loan. Small business enterprises are a crucial part of Indian economy and getting a loan for your SME would not be difficult, provided, all the required documents are produced. Loan Types for Small Business It is always better to research about the prevailing interest rates and other terms and conditions for availing a small business loan. Interest rates depend on the capital borrowed and the duration. Additionally, ,small business loan, can be granted either on a flat interest rate model or diminishing interest rate model. Diminishing Rate of Interest: ,The principal reduces with each paid installment. Therefore, the rate of interest is applicable on the reduced principal and not on the original borrowed sum. Flat Rate of Interest: ,The rate always applies to the original sum. The reduced principal is not considered even after payment of installments. Interest Rates Latest interest rates offered for SMEs with other details are summarized in the table below. The rates are subject to change as per RBI guidelines. Interest rates of diminishing rate model are higher than the flat rate model. But since the interest rate is applicable on the diminishing sum, these might prove beneficial in the long run. It depends on the sum borrowed and the time period of the sanctioned loan.

What is the difference between a fixed and diminishing rate of depreciation?

In Diminishing Balance Interest Rate method, interest is calculated every month on the outstanding loan balance as reduced by the principal repayment every month. ... For example, if instead of 10% p.a. flat rate (in the above example), interest is charged at 10% p.a. reducing balance rate, EMI amount would be Rs 2,124.70.

Is the USA president's salary based on his or her prior income, or is the salary a flat rate?

The Presidential salary is set by Congress (,3 U.S. Code § 102 - Compensation of the President,) at a fixed $400,000 per year, plus a $50,000 per year allowance for expenses (which is use-it-or-lose-it each year). This has been the President’s fixed salary since January 20, 2001; prior to that date, it was $200,000 per year. Congress voted to increase the President’s salary (effective January 20, 2001) in 1999. The compensation of the President is determined solely by Congress and can only change at the break between terms of offices, as per Article II of the Constitution: The President shall, at stated times, receive for his services, a compensation, ,which shall neither be increased nor diminished, during the period for which he shall have been elected…. As a result, Congress can change the President’s salary at any time it wishes, but it will need to either get the President’s consent to the bill that does so, or pass that bill over the President’s veto. Further, any such change will not take effect, at the earliest, until the President’s next term of office begins; any attempt to change the President’s salary during his or her pendency in office will be determined to be unconstitutional and thus without effect.

Have you ever worked with a bad car mechanic and what happened?

Yes, I have had my share of encounters with very incompetent or malicious or dishonest mechanics. Some were all three. For background, I worked as a mechanic for 25 years. First in independent shops, then for dealerships and finally at a large municipality. My list of job titles includes mechanic, service advisor, shop foreman, and service manager. The worst mechanics I encountered were working at VW dealerships (this was back during the 1960s and 1970s, I claim no knowledge after 1990 when I retired from working on cars and went on to become a computer programmer) I have seen unneeded work sold to the customer, needed work ignored (because it was difficult and didn’t pay enough flat rate time), work charged for and not done, work done with major shortcuts that diminished the quality of the end product, I have seen mechanics who couldn’t troubleshoot problems, mechanics that absolutely could not learn the procedures of testing even a simple electrical charging system, and mechanics who consistently repaired the wrong thing multiple times until they hit on the right repair by serendipity. We had a name for bad mechanics. We called them “butchers.” I place most of the blame on the system under which we were working: flat rate. Under the flat rate system the mechanic gets paid not by the hours he/she spends fixing the car but by how many hours the job is supposed to take. So, if a carburetor overhaul is supposed to take 3 hours and the mechanic completes it in 2 hours he just made a premium of 50 percent on his hourly rate. If, on the other hand, the mechanic takes 4 hours to fix the carburetor then the mechanic will suffer a deficiency in his hourly rate. So, a mechanic trying to beat a flat rate is likely to do a subpar job if that means that he will beat the rate. As long as the customer doesn’t notice and the repair passes the warranty time he’s golden. In addition, a dealer mechanic has to perform warranty repairs that are paid by the manufacturer. Well, you know that 3-hour carburetor overhaul job? The manufacturer only pays 1 1/2 hour to do the repair. Now the mechanic is either losing money or doing more shortcuts to beat the time. Most of the time the mechanic takes the loss and counts on the customer paid jobs to make up the difference. In that way, the customer subsidizes the manufacturer. A car dealer that provides a hoist to a mechanic who is working basically as a contractor expects that hoist to return a given amount of money per day/week/month. If a mechanic doesn’t produce enough (sometimes by selling unneeded work) there are plenty of others that can be hired. It’s a rotten system and the worst part of it is born by the customer.

What is the difference between a flat rate and a diminishing or reducing balance?

In simple terms, flat rate is on the total loan amount every month but the diminishing interest reduces the interest amount as the outstanding amount reduces. he principle paid back increases and interest reduces every month.