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2 years ago

Your purpose for writing a formal business letter should be clearly stated in _____.

Business

2 answers:

natali 33 [55]2 years ago

6 0

Answer:

the answer is C hope this helps

arsen [322]2 years ago

4 0

The saulutation is the answer

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10 roles of insurance in a business

Sedbober [7]

Considering the benefits and importance of insurance, the ten roles of insurance in a business include "security and safety."

<h3>The other roles of insurance in a business are:</h3>

Mitigation of risk
Provision of insurance service by the insurance company
Protection from unexpected losses
Ease of getting loans
Provision of social cooperation
It enhances saving habits
It aids some contracts that require it.
There are tax benefits.
Promotion of trades and industry, etc.

Hence, in this case, it is concluded that insurance plays various roles in business.

Learn more about Insurance here: brainly.com/question/4953989

8 0

2 years ago

Communist countries usually have economies. A command economy that still allows private property and ownership is called. A comm

aalyn [17]

Answer:

1. command

2. socialism

3. communism

Explanation:

1. Communist countries usually have command economies.

2. A command economy that still allows private property and ownership is called a socialism.

3. A command economy in which the government controls everything is called communism.

8 0

3 years ago

Waterway Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai

GalinKa [24]

Answer:

Ending inventory is $20,390

Cost of goods sold = $14,190

Explanation:

Given:

Unit sold in April = 450

Beginning inventory = 260 units × $29 = $7,540

Purchased on April 15 = 360 units × $35 = $12,600

Now goods sold is 450 units. Since company follows FIFO, it will sell 260 units @ $29 first and then 450 - 260 = 190 units from goods purchased on April 15.

Cost of goods sold = 7,540 + (190×35)

= $14,190

Closing inventory:

April 15 purchase = 35×(360 - 190)

= $5,950

April 23 purchase = 380×$38 = $14,440

Total closing inventory = 14,440 + 5,950 = $20,390

Cost of goods sold can be verified in the following manner:

Total cost of goods available for sale = $34,580

Ending inventory = $20,390

Cost of goods sold = 34,580 - 20390

= $141,90

6 0

3 years ago

Suppose your bank pays you 4 percent interest per year on your savings account, so that $1,000 grows to $1,040 over a oneminu

Fed [463]

Answer:

3 percent which is $30

Explanation:

The real value of money is measured against a basket of goods or services, or against a particular product or service. The real value is adjusted for inflation. In other words, the real value of money is its nominal value adjusted for inflation.

If the bank pays an interest rate of 4 percent, which leads to an increase of savings from $1000 to $1040, should prices increase by 1 percent, then the real value of money has increased by 3 percent. One percent increase in prices represents inflation. Keeping $1000 in the bank will earn a 3 percent real value or $30.

8 0

3 years ago

Koczela Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 28,000 $ 23,0

astraxan [27]

Answer:

COGS= $241,000

Explanation:

First, we need to calculate the cost of goods manufactured with allocated overhead:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 28,000 + 68,000 + 98,000 + 72,000 - 23,000

cost of goods manufactured= $243,000

Now, we determine the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 57,000 + 243,000 - 61,000

COGS= $239,000

Finally, we close the under/over applied overhead to COGS:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 74,000 - 72,000

Underapplied overhead= $2,000

We need to debit COGS and credit overhead:

COGS 2,000

Manufacturing overhead 2,000

COGS= 239,000 + 2,000

COGS= $241,000

5 0

3 years ago