Admixture to 50 pounds of Bostik Tile-Mate. Mix to creamy consistency. Allow mixture to stand 15 minutes, and re-mix prior to application. Do not re-temper by adding more liquid. For installations over plywood, sheet vinyl/VCT, Ultra-Set Advanced, exterior applications, or when setting porcelain tile, Tile-Mate must be mixed with Tile-Mate
10 days before we perform the service, we charge the $800 (+tax) final payment to the customer. This needs to be posted as a liability (unearned income/revenue), not as revenue/income, because we haven't performed the service yet. We would also like to send the customer an updated estimate showing the $1,000 (+tax) cost, minus the $200 (+tax) deposit, minus the $800 (+tax) final payment, equals $0 outstanding.
Liabilities are not just loans. When you operate a business, and you have employees you will be responsible for payroll taxes that must be paid on that employee. These are known as payroll liabilities. Credit issued to your customer for defective products or services is a liability until the customer uses the credit. Accounts payable in a business are a liability. Theyâre not loans in the traditional sense, but accounts payable are accounts for which the vendor has extended your business credit purchasing terms.