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balu736 [363]
3 years ago
12

This is to inform you that your letter of April 4 has been circulated to me, as I am in charge of such requests. After your inqu

iry, I looked into the matter of supplying your firm with suffocation warning bags. Yes, we do carry these bags in various sizes. They alert customers to potential child hazards. Due to the fact that these bags are required by many government agencies, we keep them constantly in stock. They are compliant with FDA and USDA regulations. On each bag is a message that is printed in English, Spanish, and French. You will find that items slip easily into these poly bags that are open-ended. According to my records, they are available for immediate shipment.
Subject line: _____________
Opening sentence: ____________
Business
1 answer:
Lorico [155]3 years ago
4 0

Answer:

1.Subject line: _____________ Supply of Suffocation Warning Bags

2. Opening sentence: ____________ We acknowledge the receipt of your request, dated April 4, 2021, for the supply of Suffocation Warning Bags.

Explanation:

A business letter requires the use of a suitable subject line to summarize the topic of the correspondence.  It enables the recipient to clearly and quickly understand the topic.  The opening sentence should fully make reference to the subject with an acknowledgement of the inquiry earlier received from the recipient.

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A group becomes a team when:A. a clear leader is identified.B. the group reaches the norming stage of group development.C. accou
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All of the choices can be used to identify a team over a group but when the accountability shifts from one person to both the individual and group. A team is when a group of people work together and effectively finish their tasks. Working as a team helps build moral but also make sure that everyone is an active participant in the task.

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A(n) _____ is elected by the stockholders of a corporation to oversee its general operation and set long-term objectives.
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3 years ago
A U.S. company consolidates a VIE with which it has a contractual relationship, but no equity investment. If the company and the
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The correct is the VIE's fair value.

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7 0
4 years ago
On January 2, 2020, Pina Inc. sells goods to Geo Company in exchange for a zero-interest-bearing note with face value of $9,800,
Nadusha1986 [10]

Answer:

a. See the journal entry below.

b. The amount of total revenue that should be recognized in 2020 is $9,800.

Explanation:

Note: There is slight error in the question as 2017 was erroneously mentioned. The year 2020 is therefore used throughout in answering this question.

a. Prepare the journal entry to record this transaction on January 2, 2020.

The following can first be calculated as follows:

Discount on Notes Receivable = Face value of the note - Fair value of the goods = $9,800 - $8,700 = $1,100

The journal entries will therefore look as follows:

<u>Date                    Particulars                           Debit ($)        Credit ($)    </u>

02 Jan 2020    Notes Receivable                     9,800

                         Sales Revenue                                                  8,700

                         Discount on Notes Receivable                         1,100

<u><em>                          (To record sales note receivable in exchange for sale.)   </em></u>

                         Cost of Goods Sold                  5,220

                         Inventory                                                          5,220

<u><em>                          (To record cost of goods sold.)                                       </em></u>

b. How much total revenue should be recognized in 2020?

This cam be calculated as follows:

Sales revenue = Fair value of the goods = $8,700

Interest revenue = Face value of the note - Fair value of the goods = $9,800 - $8,700 = $1,100

Total Revenue =  sales revenue + interest revenue = $8,700 + $1,100 = $9,800

Therefore, the amount of total revenue that should be recognized in 2020 is $9,800.

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