The fact that support the idea that renting is a good is Landlords take care of most maintenance.
<h3>What is renting?</h3>
Renting refers to an agreement where a payment is made for the temporary use of a good, service or property owned by another.
It is obtaining a owner's property, in return for regular payments.
Hence, the fact that support the idea that renting is a good is Landlords take care of most maintenance.
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Answer:
<em>Incomplete question is "2. What journal entry should Johnson record to recognize bad debt expense for 2021? 3. Assume Johnson made no other adjustment of the allowance for uncollectible accounts during 2021. Determine the amount of accounts receivable written off during 2021 4. If Johnson instead used the direct write-off method, what would bad debt expense be for 2021?"</em>
1. Gross accounts Receivable = Allowance Account balance at beginning / 10%
= $30,000 / 10%
= $300,000
2. Year Account Title Debit Credit
2021 Bad debt expense $105,000
($500,000*10% + $55,000)
To Allowance for Doubtful Accounts $105,000
3. Accounts receivable written off = Beginning balance of Allowance Account - Ending Balance of Allowance account
= $30,000 - (- $50,000)
= $30,000 + $50,000
= $80,000
4. Bad debt expense for 2021 (direct write off method) = Amount written off = $80,000
Answer:
The answer is: The excise tax on cola beverages is $2 per case.
Explanation:
Excise taxes are taxes levied on certain goods or services.
In this case the price of cola beverages is $4 per case, since excise taxes are included in the price of the product, then the excise tax on cola beverages = price paid by consumers - price received by producers = $4 - $2 = $2
In the financial projections section, the SBA recommends this for the projections for the first year quarterly or monthly projections.
<h3>Financial Projections</h3>
One of the most crucial things you can do for your business each year is to plan out and work on your company's financial projections. The process itself frequently has more significance than the outcomes, or formal projections. At a minimum, strategic planning enables you to "come up for air" from the day-to-day challenges of managing the business, assess its current state, and chart a clear way forward.
Regular planning also assists your business in adjusting to change on both an internal and external level. You are better equipped to identify issues and possibilities by routinely reevaluating your company's capabilities, markets, and competition.
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