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xeze [42]
3 years ago
7

Dear Mr. Dunlap: Subject: Your Request for Invoicing Process Information I am happy to let you know that I can answer your quest

ion regarding the company invoice processing. As you may know, once a contract has been signed, service providers may invoice the company at any time during the project as work is completed. True or False: This is an effective beginning for a direct reply letter. True False
Business
1 answer:
Lyrx [107]3 years ago
7 0

Answer: False

Explanation:

It is not an effective beginning for a direct reply letter. Although the message does include a clear and specific subject line that is located below the salutation, it does not place the most important information first in the opening of the message

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In the preparation of departmental income statements, the preparer completes the following steps in the following order: (1 poin
olasank [31]

Answer:

The correct answer is a. Identify direct expenses; allocate indirect expenses; allocate service department expenses.

Explanation:

Selling costs are the costs incurred by a company to market the products or services, such as the salary of the sellers, commissions, gasoline of the trucks that distribute the orders, advertising, etc. Administrative expenses are the costs incurred by a company to manage its operations. Examples of these expenses would be the salary of the accountant, the surveillance expenses, the expenses for the cleaning service, stationery, salaries and benefits of the administrative staff of the company, etc. Some concepts can be shared, such as office rent. If there are sales and administration departments in the same building; The total expenditure must be applied to the two departments according to the space each of them uses (square meters) or at an estimated percentage; for the  therefore, of the total rent one part would be selling expenses and another part administration expenses.

3 0
3 years ago
Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in thousands) 2021 2022 2
SVETLANKA909090 [29]

Answer: Unearned subscription revenue.

Explanation:

Tax is made on a cash basis which means that a transaction is eligible for taxation once cash has been paid for it. Businesses however have to use the Accrual basis which only record transactions in the period that they have been incurred.

In this scenario, there is more subscription payment in cash than the company recognized which means that the company has not yet delivered the service they were paid for and so could not recognize the subscriptions. They will however be taxed on those amounts because the cash has come in.

The account giving this temporary difference is therefore the Unearned Subscription Revenue account.

8 0
2 years ago
g Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized
sweet [91]

Answer:

Please see details below:

Explanation:

Sales  $16.540  

Salaries Expenses  -$7.740

Miscellaneous Expenses -$5.820  

Net Income       $2.980  

Dividends  2.830  

Retained Earnings $150.

Balance Sheets

Assets  

Cash  $8.990  

Accounts Receivable  $16.540  

Equipment  $22.590  

Land  $45.980  

TOTAL ASSETS   $94.100  

Liabilities  

Accounts Payable    $9.170

TOTAL LIABILITIES   9.170  

Equity  

Common Stock   $84.780  

Retained Earnings  $ 150  

TOTAL EQUITY   84.930  

 

6 0
3 years ago
Help!!!!!
uysha [10]
1. revenue 2. income 3. graph 4. equity 5. balance sheet 6. income taxes
5 0
3 years ago
Sweat equity, and other methods of reducing the initial cost of getting a company off the ground without resorting to amassing o
vovangra [49]

Answer:hes wrong i just failed a mf test cause of it the right answer is bootstrapping on oddy

Explanation:

3 0
3 years ago
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