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3 years ago

What are the advantages and disadvantages of the three primary business writing formats?

Business

2 answers:

aliya0001 [1]3 years ago

6 0

Answer:

A Memorandum is a formal, internal communication tool which allows companies to communicate with their employees. It is generally used to deliver announcements or problems. Memos are quickly becoming replaced by e-mail because it is more complicated and expensive to deliver a memo. A Business Letter is a formal communication tool which is best utilized for communicating with customers. Writing and formatting a business letter generally takes more time than composing a memo or e-mail. E-mail is quick, easy and cheap, and allows you to send messages instantly to any number of people. E-mail has many unwritten rules of etiquette and can be too informal for many business purposes.

d1i1m1o1n [39]3 years ago

4 0

Answer and Explanation:

The business writing formats benefits and disadvantages of the three primary business writing formats are described below:-

A memorandum is a formal define that it is the way of communication that enables corporations to connect with their workers. This is typically used to distribute updates or issues.

Memos are highly increasingly being replaced by e-mail, so sending a memo is more difficult and costly. Therefore, a Business Letter is a structured communication method that's best used to connect with clients.

It generally takes more time to write and format a business letter than to write an email or memo.

As we know that an Email is easy to send and priceless, and make enable to send message to many people at a time also Many unwritten e-mails etiquette rules and can be too casual for many business purposes.

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Universal Travel Inc. borrowed $497,000 on November 1, 2018, and signed a 12-month note bearing interest at 4%. Interest is paya

never [62]

Answer:

Dec 31, 2018

Interest expense 3313.33 Dr

Interest Payable 3313.33 Cr

Explanation:

The note interest is payable at an annual rate of 4%. The interest will be paid at maturity however, an adjusting entry will be made on December 31, 2018 following the accrual basis of accounting to record the interest expense that relates to the period from November to December of 2018. The interest expense will be debited and as the interest will be paid at maturity, interest payable will be credited.

Interest expense = 497000 * 0.04 * 2/12 = $3313.33

7 0

3 years ago

You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will

USPshnik [31]

Answer:

FV= $12,818.4

Explanation:

Giving the following information:

You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest.

To calculate the future value we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {4,200*[(1.052^2)-1]}/0.052 + 4,200= $12,818.4

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3 years ago

As a new controller, reply to this comment by a plant manager: "As I see it, our accountants may be needed to keep records fo

fiasKO [112]

Answer: Accountants play major role in firms in handling financial records and auditing. Managers know financial information based on either background knowledge or learning on the job

Explanation:

The accountants are valuable to the organization because they monitor the monetary information that concerns the firm, they handle how cash come in and keep track of how they are spent, all these makes them valuable even to the extent of auditing information as regarding the firm. Managers might understand financial information either based on how they monitor what occurs in the organization or what they learnt in from college. But it's unsafe for the managers to handle financial situation without the aid of a professional accountant.

6 0

3 years ago

The hernandez family budgets $420 a month for food. last month they spent $413, which creates a?

MAVERICK [17]

A budget surplus of $7

<h3>What is a budget surplus's opposite?</h3>

A budget deficit is the polar opposite of a budget surplus. If a company (or government) has a budget deficit, it signifies that over the given timeframe, it spent more money than it brought in. A business's budget deficit could necessitate a budget reform for the upcoming fiscal year, even though a budget deficit for the government is not always negative for spending.

<h3>What does the term "surplus" mean?</h3>

A surplus is a sign that the government is being run efficiently. When government income is higher than government expenditures for a specific time period, typically a fiscal year, there is a surplus, which is a positive number.

<h3>How is inflation caused by a budget surplus?</h3>

Nevertheless, inflationary pressures can also exist when the economy is struggling. In essence, a rise in the money supply is what causes inflation. In light of the foregoing, a budget surplus will drain funds from the economy, hence lowering the money supply and fostering a deflationary environment.

Learn more about budget surplus:

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6 0

1 year ago

Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missin

PilotLPTM [1.2K]

Answer:

Income Statements

2013 2014 2015

Sales revenue $294,170 $360,920 $414,180

Sales returns and allowances 11,200 13,470 20,740

Net sales 282,970 347,350 393,440

Beginning inventory 21,590 33,560 42,010

Purchases 245,240 263,090 298,600

Purchase returns and allowances (5,180) (8,330) (10,440)

Freight-in 8,140 9,480 12,440

Total cost of goods available 269,790 297,800 342,610

Ending inventory 33,560 42,010 47,870

Cost of goods sold 236,230 255,790 294,740

Gross profit on sales 46,740 91,560 98,700

Explanation:

a) Data and Calculations:

2013 2014 2015

Sales revenue $294,170 $ $414,180

Sales returns and allowances 11,200 13,470

Net sales 347,350

Beginning inventory 21,590 33,560

Ending inventory

Purchases 263,090 298,600

Purchase returns and allowances 5,180 8,330 10,440

Freight-in 8,140 9,480 12,440

Cost of goods sold 236,230 294,740

Gross profit on sales 46,740 91,560 98,700

Beginning inventory 21,590 33,560 42,010

Purchases 245,240 263,090 298,600

Purchase returns and allowances (5,180) (8,330) (10,440)

Freight-in 8,140 9,480 12,440

Total cost of goods available 269,790 297,800 342,610

Ending inventory 33,560 42,010 47,870

Cost of goods sold 236,230 255,790 294,740

3 0

3 years ago