According to analyzes by the Bureau of Labor Statistics, there will be expansion of complex goods and services, which require greater education in their production and marketing. Thus, these services tend to cater to those people who have the resources to pay for it. This means that the rapid expansion of services expected over the next five years will focus on the richest. Healthcare, education and leisure firms will tend to produce more personalized services to increase their profitability. This is basically the market logic of the economy.
Answer:
-The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.
-The lessor reports a single amount of lease revenue, which is equal to interest revenue plus amortization revenue, in its income statement.
-The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.
Explanation:
The mode of reporting in an operating lease is slightly different from that in a finance lease. For example, the lessor can use a straight-line form of reporting he revenue while the lessee can use a straight-line form of reporting the expense for the given term of the lease. The lessee and lessor usually report expense and revenue respectively.
Answer:
See explanation section
Explanation:
To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.
December 31 Bad Debt Expense Debit $1,200
Account receivable - Acme, Inc. Credit $1,200
Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.
Answer:
bottom-up
Explanation:
According to my research on different financial strategies, I can say that based on the information provided within the question Acloe Inc. is most likely to adopt the bottom-up budgeting approach. This approach focuses on attempting to determine costs of each department in an organization and then total up all of the departments. Which is what is being done in this situation.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
$201,000
Explanation:
The computation of net cash flows from operating activities is shown below:-
Beginning Total Assets $570,000
Ending total assets $770,000
Average Total Assets in use $670,000
($570,000 + $770,000) ÷ 2
Cash return on Asset 30%
Cash Flow from operating activities
Average Assets × 25% $201,000
($670,000 × 25%)
Therefore the Cash Flow from operating activities is $201,000
