At least 5 things you need to do as soon your bank closes your account: you need to understand and check with your bank why the account was closed, stop your direct deposits or automatic bill payments, check for outstanding overdrafts, get a copy of your chex systems report and e<span>valuate your options for a new account. </span>
Answer:
Premiums paid on key-person life insurance policy.
Explanation:
Schedule of M-1 states the reconciliation of loss or income as per books to income or loss as per the tax return. Items which are involve on this schedule are those which are as:
1. recorded as an expense for the purpose of books but not for tax purpose
2. reported as the income for book purpose not for tax purpose
3. recorded as taxable income for tax purpose not as income for book purpose.
4. recorded as deductible for the tax purposes but not as expense for the book purpose.
Therefore, the premium paid on the person life insurance policy are the GAAP expense for the purpose of books, but not allowed as deductions for tax purpose.
Note: Options are missing so providing the direct answer.
Goodwin’s horizon value at the horizon date when the constant growth begins equals $38.7481 and the current intrinsic value equals $27.1393.
<h3>
What is a horizon value?</h3>
This refer to the value of an asset beyond the forecasted period when future cash flows can be estimated
What is a current intrinsic value?
This refers to the current perceived or true value of an asset.
Therefore, the horizon value at the horizon date when the constant growth begins equals $38.7481 and the current intrinsic value equals $27.1393.
Note: The calculations leading to the final answer of horizon value and current intrinsic value is explained in the attached image.
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Answer:
$1,548,000
Explanation:
The computation of the total budgeted direct labor cost is shown below:
= Number of units to be produced × number of hours per unit × labor cost per hour
= 34,400 units × 3 hours × $15
= $1,548,000
We simply multiplied the number of units to be produced with the number of hours per unit and the labor cost per hour so that the accurate amount can come
