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In addition to the costs of the PPE, which can be quickly calculated by the PPE cost per person per year multiplied by the reduction in the number of jobs, there may also be a reduction in claims due to injury or illness. BearingPoint [BEA 07] estimated that the cost to guarantee paid by the […]
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By accepting money for an extended warranty, the seller agrees to provide services in the future. The revenue is not earned until the earning process is substantially complete in the future. Thus, the $50 received for the extended warranty is initially recorded as “unearned revenue.” This balance is a liability because the company owes a […]
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So, for example, if you become delinquent on a credit card, your creditor may have three years to collect. They may have four years or five years to collect on unpaid medical bills or a bad car loan. If you have an account charged off as bad debt, you’re still legally responsible for paying it. […]
