opinion
What is a partial write off?
In accounting, writing off is the expensing of a balance sheet asset that has no future benefits. This is a partial write off. Only part of the value of t...
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Opinion
opinion
How much can I borrow for a mortgage based on my income?
The general rule is that you can afford a mortgage that is 2x to 2.5x your gross income. Total monthly mortgage payments are typically made up of four com...
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opinion
Who makes construction equipment?
The world’s largest construction machinery manufacturers Caterpillar of the United States and Komatsu of Japan were two of the largest construction equipm...
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opinion
What is 10 year government bond yield?
10-Year Government Bond Yields Country Yield Time (EDT) United States » 1.28% 8/13/2021 Canada 1.18% 8/13/2021 Brazil 10.36% 8/13/2021 Mexico 6.94% 8/13/2...
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opinion
Do you get Social Security if you never worked?
Social Security benefits can have an enormous impact on your retirement. Fortunately, you may be eligible for Social Security even if you haven’t worked l...
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opinion
Why is there a service charge on my restaurant bill?
A service charge is an amount that is added to your bill in a restaurant to pay for the work of the person who comes and serves you. Most restaurants add ...
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Are expense accounts debits?
Definition of expense accounts A debit to an expense account means the business has spent more money on a cost (i.e. increases the expense), and a credit ...
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Are advertising costs Production costs?
Costs of production include many of the fixed and variable costs of operating a business. Fixed costs typically include: Building rent. Advertising budget...
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opinion
What is the difference between tax and revenue?
The difference between tax revenue and non-tax revenue is that the former is charged on income earned by an entity, which is a direct tax and on the value...
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opinion
At what age can you start taking distributions from your 401k?
The Rule of 55 is an IRS provision that allows you to withdraw funds from your 401(k) or 403(b) without a penalty at age 55 or older. Can I take money out...
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