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taurus [48]
3 years ago
15

A letter of intent is a type of mini-proposal. Which type of letter is often included at the beginning of a technical report

Business
1 answer:
jeyben [28]3 years ago
4 0

Answer:

letter of transmittal

Explanation:

The LETTER OF TRANSMITTAL is a form of letter, included at the beginning of a TECHNICAL REPORT, which describes in brief, the topic and purpose of the document, by striking out the important segments or interesting information, which in turn, prepares the readers for conclusions and recommendations.

Hence, LETTER OF INTENT is a type of letter is often included at the beginning of a technical report.

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At the start of the current year, Company A purchased 30% of Company B for $45 million. At the time of purchase, the carrying va
brilliants [131]

Answer: a. $4.5 million

Explanation:

The depreciation to be recognized is;

= Value of Depreciable assets * Percent of company owned

= 15,000,000 * 30%

= $4,500,000

5 0
3 years ago
Janelle sells construction equipment. when she calls on her building contractor customers, she asks if they are having any probl
Marat540 [252]

The answer is: satisfying customer needs and wants.

<h3>What Distinguishes Needs from Wants?</h3>

One of the most crucial tasks you must take when building a monthly budget is classifying your expenditures by "need" or "desire" status.

The distinction between a need and a want might vary from person to person, making it one of the hardest challenges. It is also simple to mistake requirements for wants if you have been accustomed to something to the point that it is difficult to imagine life without it.

You classify your expenditure on the budgeting worksheet as either needs or wants. By doing this, you may distinguish between the expenses that are absolutely necessary for your existence and well-being (what you need) and those that are only desirable but not necessary (wants).

To know more about need and want visit:

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3 0
1 year ago
On April 1, Townsley Company sold merchandise with a selling price of $10,000 on account to Trout Company, with terms 3/10, n/30
mamaluj [8]

Answer and Explanation:

The journal entry is shown below:

Cash $8,730

Sales Discount ($9,000 × 3%) $270

       To Accounts receivable $9,000 ($10,000 - $1,000)

Here cash and sales discount is debited as it increased the assets and discount while on the other hand the account receivable should be credited as it reduced the assets  

3 0
2 years ago
A company had the following purchases during the current year: January: 19 units at $129 February: 29 units at $139 May: 24 unit
ycow [4]

Answer: A - $8,046

Explanation: Inventory valuation using the specific identification method is a method used in getting the actual stock cost at their specific purchase price at a specified time during the year.

Jan - 11 units @129 =1,419

Feb - 13 units @139 = 1,807

May - 6 units @149 = 894

Sept - 13 units @159= 2,067

Nov - 11 units @ 169= 1,859

Total = $8,046

4 0
3 years ago
A customer has signed a Letter of Intent to buy at least $50,000 of a mutual fund in return for getting a lowered sales charge.
likoan [24]

Answer:

c. The capital gain would be automatically re-invested at NAV if not taken in cash while the purchase of the shares would occur at POP including a sales charge.

Explanation:

An Asset appreciation doesn't in any way complete a breakpoint for a client. The client agreed to buy $50,000 of fund shares under a Letter of Intent to get a lower sales charge. If the customer doesn't deposit the full $50,000, then the sales charge is calculated to a higher percentage, which is based on the customer's purchase. The customer must deposit another $10,000 to complete the breakpoint.

If the customer were to take the capital gains distribution as cash and use that money to buy additional shares to complete the breakpoint, the customer would then have to pay a sales charge, which would be lower because the breakpoint is being completed. The customer must know that if the capital gains distribution were reinvested, it would occur at NAV and there would be no sales charge increase in sales charge. Whether the capital gain is taken as cash or it is reinvested, it is taxable.

3 0
3 years ago
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