레이블이 Bad Debt Expense GAAP인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Bad Debt Expense GAAP인 게시물을 표시합니다. 모든 게시물 표시

2013년 11월 28일 목요일

About 'bad debts expense'|...accrue any more unnecessary debt, or make any more unnecessary spending expenses. There’s not one big... things worse rather than better...







About 'bad debts expense'|...accrue any more unnecessary debt, or make any more unnecessary spending expenses. There’s not one big... things worse rather than better...








When               Governor               Ed               Rendell               defeated               Mike               Fisher               in               November               2002,               most               Pennsylvania               citizens               did               not               realize               that               the               first               major               action               they               would               see               out               of               the               new               administration               would               be               an               attempt               to               legalize               slot               machines               at               racetracks               in               the               State.

The               Governor               claims               that               the               extra               revenue               coming               in               from               the               slot               machines               would               help               close               the               massive               budget               deficit               that               Pennsylvania               is               facing.

I               will               argue               that               the               consequences,               both               social               and               financial,               outweigh               the               benefits               when               it               comes               to               legalizing               slot               machines,               and               it               is               therefore               unwise.

There               are               four               racetracks               in               Pennsylvania,               and               each               of               them,               as               have               most               racetracks               nationwide,               has               seen               their               popularity               fall               off               drastically               over               the               last               30               years.

Other               states,               including               nearby               Delaware               and               West               Virginia,               have               legalized               slot               machines               at               race               tracks,               creating               "racinos,"               as               they               are               called.

These               racinos               have               been               a               smashing               success,               at               least               financially,               providing               hundreds               of               millions               of               dollars               every               year               to               State               governments.

Similar               legislation               has               been               drafted               in               Pennsylvania               over               the               last               5               years,               but               did               not               pass               because               there               was               no               urgent               need               for               extra               revenue.
               However,               Pennsylvania,               as               are               most               other               states,               is               currently               staring               at               a               large               budget               deficit.

This               has               caused               many               states               to               look               more               closely               at               racinos               as               a               revenue               source.

Ohio,               Maryland,               New               York,               and               New               Jersey               are               also               considering               adding               slot               machines               at               racetracks.

In               Pennsylvania,               Rendell               supporters               claim               that               adding               3,000               slot               machines               at               each               of               the               State's               four               racetracks               will               generate               at               least               $500               million               every               year               in               additional               money               for               the               government.

Racetrack               owners               are               eager               to               convert               into               racinos,               after               seeing               the               financial               windfall               experienced               in               Delaware               and               West               Virginia.
               Opponents               of               racinos               argue               that               the               social               damage               done               by               gambling               is               staggering.

Among               the               problems,               addiction               may               be               the               most               devastating               to               the               individual               and               the               most               expensive               to               the               government.

It               has               been               estimated               in               areas               where               gambling               has               been               legalized               that               0.5%1,               or               one               out               of               every               200               people               become               addicted               to               gambling.

In               Pennsylvania               alone               that               represents               61,500               citizens.

Taxpayers               would               most               likely               have               to               foot               the               bill               for               their               treatment,               therefore               detracting               from               the               revenue               the               racinos               generate.
               Another               argument               against               legalized               gambling               is               that               studies               have               shown               those               most               likely               to               gamble               are               the               poor               and               the               elderly.

Is               it               morally               right               to               close               the               budget               deficit               at               the               expense               of               those               who               need               the               money               most?

Racinos               would               widen               the               income               gap               between               the               rich               and               poor.
               A               financial               argument               against               slot               legalization               is               that               studies               have               shown               that               in               areas               with               legalized               gambling               bankruptcies               rise               almost               20%               due               to               gambling.

This               leaves               creditors               with               more               bad               debts,               and               the               bankrupt               individuals               with               a               big               financial               hole               to               climb               out               of.

Those               with               previous               bankruptcies               may               have               a               difficult               time               getting               loans               for               cars,               homes,               and               other               large               purchases.

Bankruptcies               can               be               very               damaging               to               Pennsylvania               on               both               an               individual               and               governmental               level.
               Many               people               associate               gambling               with               crime.

This,               in               fact,               is               not               a               baseless               assumption.

Statistics               tell               us               that               within               three               years,               crime               can               rise               by               10%               in               gambling               areas,               and               may               continue               to               rise               after               that.

Desperate               people               who               have               lost               it               all               might               resort               to               means               such               as               this               to               get               their               feet               back               on               the               ground.

This               not               only               presents               a               danger               to               patrons               of               the               racinos,               it               lowers               the               quality               of               life               for               those               living               in               the               areas               around               the               racinos.

Crime-prevention               costs               might               rise               as               a               result,               once               again               taking               from               the               taxpayer's               coffer.
               Advocates               of               racinos               suggest               that               without               the               extra               revenue               from               the               slot               machines,               public               schools               will               be               severely               affected,               since               education               is               often               a               target               when               there               are               budget               cuts.

I               see               this               as               a               threat               to               appeal               to               those               people               who               would               never               consider               gambling,               but               are               horrified               at               the               thought               of               the               school               system               being               harmed.

Pennsylvania               has               been               through               recessions               before,               and               it               will               go               through               recessions               in               the               future.

Budget               shortfalls               are               a               fact               of               life,               but               they               can               be               dealt               with               in               better               ways               than               to               panic               and               allow               the               social               fabric               of               the               State               to               be               tarnished.
               I               believe               that               racinos               in               Pennsylvania               would               seriously               damage               social               order,               and               that               the               problems               created               would               lessen               the               positive               impact               on               State               revenues.

Lawmakers               must               weigh               the               advantages               and               disadvantages               before               making               an               informed               choice               regarding               this               issue.
               1               All               statistics               in               this               essay               are               from               the               article               "Slots               a               Bad               Deal               for               Taxpayers,               Economist               Says"               by               Tom               Murse.

http://www.strongerpa.org/gamblingdamage/slotsbaddeal.htm






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  • Related blog with bad debts expense





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    2. studentlendinganalytics.typepad.com/   07/15/2009
      ...of the company fell nearly 3 percent on concerns about a rise in its bad debt expense."
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    bad debts expense































    2013년 11월 25일 월요일

    About 'bad debt expenses'|...of her departments expenses claim, where she intentionally... off a big debt or she had ... doing. I mean bad habits are...







    About 'bad debt expenses'|...of her departments expenses claim, where she intentionally... off a big debt or she had ... doing. I mean bad habits are...








    Millions               of               consumers               each               year,               especially               young               people,               take               credit               cards               up               on               their               offers               of               credit               cards.

    They               often               do               not               pay               attention               to               interest               rates               and               other               related               fees               and               the               majority               easily               racks               up               thousands               upon               thousands               of               debt               quite               quickly.

    While               filing               Chapter               7               bankruptcy               has               provided               the               option               for               consumers               to               erase               the               debt               they               have               amassed               soon               it               will               not               be               as               easy.

    The               tougher               new               bankruptcy               laws               that               President               Bush               has               just               passed               will               focus               more               on               creditors               being               repaid               and               make               it               more               difficult               for               consumers               filing               for               Chapter               7               bankruptcy.

    The               new               bankruptcy               laws               are               causing               quite               a               stir               between               the               supporters               of               the               bill               and               those               who               oppose               it.

    People               in               opposition               to               the               new               laws               say               they               give               too               much               power               to               the               banks               and               other               creditors.

    Those               in               support               say               it               will               make               people               more               responsible               with               their               spending               habits               and               stop               the               abuse               for               declaring               Chapter�7               bankruptcy               to               avoid               paying               owed               debts.

    There               are               great               points               in               support               of               both               sides.
                   Some               good               points               to               the               new               bankruptcy               laws               include               some               of               the               following.

    Any               money               that               has               been               put               into               an               educational               IRA               will               not               be               affected               by               any               bankruptcy               proceedings.
                   Credit               counseling               agencies               and               going               to               start               being               to               stricter               standards               and               will               have               to               start               meeting               specific               criteria               in               order               for               them               to               remain               in               operation.
                   Companies               that               issue               credit               cards               will               also               be               held               to               stricter               standards.

    They               will               soon               be               required               to               inform               consumers               just               home               long               it               would               take               to               pay               a               balance               off               if               just               the               minimum               monthly               payment               is               made.

    Also               it               will               prevent               the               issuing               company               from               closing               your               account               should               you               only               pay               the               minimum               balance.

    Also               studies               will               begin               to               see               if               these               companies               are               issuing               credit               cards               to               individuals               without               taking               into               account               if               they               are               well               enough               equipped               to               repay               any               possible               debt.
                   Those               in               opposition               to               the               new               bankruptcy               laws               would               more               then               likely               bring               up               some               of               the               following               points.

    Debtors               will               risk               loosing               their               vehicle               to               repossession               if               they               are               unable               to               pay               the               total               cost               of               the               auto               loan               even               if               the               vehicle's               worth               is               less               then               the               outstanding               balance.
                   Debtors               will               soon               be               required               to               pay               off               all               debts               charged               on               credit               cards               the               three               months               prior               to               filing               bankruptcy.

    Landlords               will               have               a               much               easier               time               evicting               bankrupt               tenants               the               have               fallen               behind               on               their               rent.
                   Courts               will               be               able               to               spell               out               what               is               believed               to               be               a               reasonable               amount               to               spend               monthly               on               food,               transportation               and               other               monthly               expenses.

    Unless               a               good               reason               not               to               is               presented               debtors               will               be               required               to               live               within               these               guidelines.
                   Creditors               will               begin               to               have               the               power               to               ask               the               courts               to               end               the               bankruptcy               petition               should               the               debtor               be               late               in               filing               any               type               of               paperwork               such               as               paycheck               stubs.
                   
                   Whether               you               are               in               support               or               opposition               of               the               new               bankruptcy               laws               hopefully               everyone               will               take               them               into               consideration               when               deciding               to               make               that               next               purchase               on               credit               or               signing               up               for               that               too               good               to               be               true               credit               card               offer.






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    bad debt expenses
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    bad debt expenses Image 1


    bad debt expenses
    bad debt expenses


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    bad debt expenses Image 4


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    bad debt expenses


    bad debt expenses Image 5


  • Related blog with bad debt expenses





    1. quickbooksblog.blogspot.com/   08/04/2005
      ...enter the amount of the bad debt in the Amount of Discount field, and enter the name of your bad debt expense account in the Discount Account field. 7. Click Done in the Discount and Credits...
    2. studentlendinganalytics.typepad.com/   07/15/2009
      ...of the company fell nearly 3 percent on concerns about a rise in its bad debt expense."
    3. officehowto.blogspot.com/   04/20/2008
      ...the amount field here blank. Next, you want to record the tax-exclusive amount to the Bad Debts expense. To do this, you will enter the figure as a negative. Finally, to write back the GST...
    4. compuscan.wordpress.com/   07/06/2011
      ...you a financial cushion in case you suddenly have an unforeseeable increase in expenses. A bad debt is one that puts a considerable strain on your regular income and that...
    5. mgpaquin.blogspot.com/   03/12/2007
      ... back home, and with the huge debt hanging over their heads, the... and abused.” Some of the worst abuses occur in the forestry industry...
    6. zengersmag.blogspot.com/   04/28/2008
      ...accrue any more unnecessary debt, or make any more unnecessary spending expenses. There’s not one big... things worse rather than better...
    7. greenbriarpictureshows.blogspot.com/   05/19/2006
      ...play several times in The Bad and The Beautiful . One ...home of deceased, and debt-ridden "Hugo ...to have a little fun at his expense? The other crumbling...
    8. icedteatragedy.blogspot.com/   04/11/2013
      ...of her departments expenses claim, where she intentionally... off a big debt or she had ... doing. I mean bad habits are...
    9. democracyreform.blogspot.com/   11/20/2006
      ...gain. They tend to do the opposite, ie,deliver short term gain at the expense of long term pain. The growing government debt in the US and other democracies is a good example...
    10. christiangunslinger.blogspot.com/   04/16/2011
      ...not deductible as charitable contributions. Not paid for at taxpayer expense. Contributions from corporations or foreign nationals...



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