Ray and carin are parents in an accounting firm. the partners have entered into an arm’s length agreement requiring ray to purchase carin’s partnership interest from carin’s estate if she dies before ray. the price is set at 120% of the book value of carin’s partnership interest at the time of her death. ray purchased an insurance policy on carin’s life to fund this agreement. after ray had paid $45,000 in premiums, carin was killed in an automobile accident, and ray collected $800, of life insurance proceeds. ray used to life insurance proceeds to purchase carin’s partnership interest. what amount should ray include in his gross income from receiving the life insurance proceeds?

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

What are six resources for you decide which type of business to start and how to start it?