what is the difference between base year and current year?
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A base year is the first of a series of years in an economic or financial index. It is typically set to an arbitrary level of 100. New, up-to-date base years are periodically introduced to keep data current in a particular index. Any year can serve as a base year, but analysts typically choose recent years.
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55 months to years. This conversion of 55 months to years has been calculated by multiplying 55 months by 0.0833 and the result is 4.5868 years.
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What is the difference between base salary and basic salary? The base salary is a subcategory of the basic salary, referring to the initial amount of the basic salary range which is given to the employee in the beginning. ... Basic salary is the total amount (before any deductions) paid to employees plus the allowances.
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The percent change is calculated as the current year amount minus the base year amount, divided by the base year amount.
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1. A root word is the primary form of a word while a base word is a word that can stand on its own. 2. A root word may or may not have a meaning while a base word has a meaning on its own.
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1 year = 365 days (no, we're not counting leap years!) So… drum roll, please… one year would equal 365 times 24 times 60 times 60 seconds…or 31,536,000 seconds!
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As nouns the difference between basic and basis is that basic is a necessary commodity, a staple requirement while basis is a starting point, base or foundation for an argument or hypothesis.
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Key Equation The percent change is calculated as the current year amount minus the base year amount, divided by the base year amount.
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If you want to know the exact age, i.e. how many years, months and days there are between someone's birth date and the current date, write 3 different DATEDIF functions: To get the number of years: =DATEDIF(B2, TODAY(), "Y") To get the number of months: =DATEDIF(B2, TODAY(), "YM")
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Base Salary vs. Basic Salary. Base salary is a subcategory of basic salary and refers to the initial amount of the basic salary range that's given to the employee at the beginning of the fixed period. ... In other words, the base salary is the minimum, basic pay an employee will receive at the start of their employment.
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Simply by subtracting the birth date from the current date. This conventional age formula can also be used in Excel. The first part of the formula (TODAY()-B2) returns the difference between the current date and date of birth is days, and then you divide that number by 365 to get the numbers of years.
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As adjectives the difference between biannual and annual is that biannual is occurring twice a year; half-yearly; semiannual, twice-yearly while annual is happening once every year.
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An FY starts on 1 April and ends on 31 March. So, if you have worked and earned income in 2017-18, it will be considered the financial year. Assessment year: On the other hand, assessment year (AY) is the year following the financial year, in which your income is assessed.
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Chronological age vs. biological age. Your chronological age is the number of years you've been alive. Your biological age is how old your body seems, based on a number of factors, including how your chromosomes have changed over time.
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The tax base is the amount to which a tax rate is applied. The tax rate is the percentage of the tax base that must be paid in taxes.
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Last Year vs Past Year Last year means the last calendar year, for example, 2015 (if you're in 2016). Past year means the 365 days preceding today. For example, if it was 14th Feb, 2016 today, then the past year would mean the time between 15th Feb, 2015 and 14th Feb, 2016.
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Current liabilities are obligations due within one year or the normal operating cycle of the business, whichever is longer. These liabilities are generally paid with current assets. ... Non-current or long-term liabilities are debts of the business that are due beyond one year or the normal operating cycle of the business.