A cover letter is the professional communication .
Answer:
209,000 shares
Explanation:
The company is authorized to issue 209,000 shares which represent maximum shares that can be issued. Authorized shares is the maximum number of shares a company can issue and this is stated in the corporate charter.
Answer:
Assertion: When radius of a circular wire carrying current is doubled, its magnetic moment becomes four times.
Reason: Magnetic moment depends on area of the loop.
(a)A
(c) C (d) D
(b) B
<span>I this case, the loan is still valid and at that point Mike would be responsible for finding a way to pay the loan back as agreed upon in the contract. This is called co-signing, when two parties both sign for a loan together. Both parties are responsible for the loan and even though David cannot be found, the loan must still be paid and Mike would be held responsible for this.</span>
The net income is $32,961
<u>Explanation</u>:
To calculate the net income, we will classify the transaction into income and expenses, and compute the difference between their totals;
Income;
Merchandise inventory Sept. 1 = $ 7,740
Merchandise inventory Sept. 30 = $ 11,372
Sales = $ 50,575
Total = $ 69,687
Expenses;
Purchases = $ 33,114
Selling expenses = $ 677
Administrative expense = $ 665
Rent Revenue = $ 1,118
Interest expense = $ 1,152
Total = $ 36,726
Net income = Total income - Total expenses
= 69,687 - 36,716
= $ 32,961
