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On March 1, all unpaid taxes, Summer and Winter, real and personal, are forwarded as ‘delinquent’ to the Macomb County Treasurer for payment, with additional penalties assessed by the Macomb County Treasurer. If tax due dates fall on a weekend
Account properly for corporate-owned life insurance
This is known as a "life settlement." The amount the policyholder receives depends on age, health, and other factors. The policyholder gets a lump sum of money and is no longer responsible for making premium payments. cash surrender value of
Book value of equity
These are indicated on the company's balance sheet, which also shows the net value. Total assets equal the sum of the book value of all the assets owned by a company. You can calculate asset book value by subtracting depreciation from
What is Book Value of Equity? Definition Meaning Example
Using the accounting equation the book value of equity formula can be stated as follows. A company's total liabilities are the accumulation of all the debt it owes. Earnings, debt, and assets are the building blocks of any public company's
How to Contact Xero Support?
When you ask a question, Xero Central suggests relevant support articles powered by machine learning. If the suggested articles don’t provide the information you’re looking for, you can still contact Xero Support. You can also get help by clicking the
The Pros & Cons of QuickBooks Online vs Desktop
Find help articles, video tutorials, and connect with other businesses in our online community. There are two versions of QuickBooks Desktop (Premier Plus and Enterprise) and four versions of QuickBooks Online (Simple Start, Essentials, Plus and Advanced). Keep in mind
What Is Operating Leverage? Formula, Key Points, & Example
A high DOL can be good if a company is expecting an increase in sales, as it will lead to a corresponding operating income increase. However, a high DOL can be bad if a company is expecting a decrease in
Bill of Rights Definition, Origins, Contents, & Application to the States
Contents:senate Bill S6495As-Is (No Warranty) Bill of Sale TemplateBuilding with cool technology But even a few Republicans crossed over as the Senate passed the bill and sent it back to the House for its final stamp of approval on some language
Reporting Land Improvements and Impairments in the Value of Property and Equipment
For companies to consider expenditure on land as an improvement, they must meet several requirements. Most importantly, the expenditure should be of a capital nature and not a revenue nature. The journal entry is debiting Fixed Assets – Land Improvement
Percentage Of Sales Methods What Is It, Formula, Calculation
This financial forecasting tool allows companies to evaluate their past sales accurately to project into the future easily. Based on the financial outlook, businesses can make necessary changes to increase profitability. This technique is popular among advertising companies owing to