Business, 06.10.2019 02:30 2002kaitlynmull
Like many other cities, denver experienced a sharp decline in construction of new houses in the years following 2006. many carpenters, roofers, and other skilled workers left the area or found jobs in other industries. in addition, builders stopped buying and preparing home lots for construction. according to an article in the wall street journal, by 2014, as consumers increased their demand for new homes in denver, "new-home prices have surged over the past two years amid a shortage of home lots and skilled construction workers." source: kris hudson, "labor shortage besets home builders," wall street journal, may 1, 2014. in the future, the price increases of new houses in denver can be expected to be a. smaller because supply is less elastic over time. b. larger because supply is less elastic over time. c. larger because supply is more elastic over time. d. smaller because supply is more elastic over time.
Answers: 2
Business, 22.06.2019 06:00
According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is
Answers: 1
Business, 22.06.2019 15:20
Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."
Answers: 3
Business, 22.06.2019 22:40
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?
Answers: 1
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