List three situations when you would use a business letter. List three situations when you would choose to use either a phone call or an e-mail message.
What will be an ideal response?
Use a business letter when you need to:
• Communicate with someone you don't know
• Document your communication
• Deliver bad news or discuss a sensitive matter
• Develop goodwill
Use a telephone call, personal visit, or e-mail message when you need to:
• Deliver a message as quickly as possible
• Contact someone with whom you have a good working relationship
• Write about a routine subject
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Geraldine was injured in a car accident, and the insurance company has offered her the choice of $25,000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave her as well off financially as with the annuity?
A. $225,367 B. $237,229 C. $249,090 D. $261,545 E. $274,622
Managers of many companies frequently provide a pro forma earnings amount in conjunction with their annual or quarterly earnings calculated in accordance with GAAP. Managers claim that pro forma earnings numbers more fairly reflect a company's
performance. Required: 1 . Explain the meaning of the term "pro forma earnings". 2 . Discuss the advantages and disadvantages of reporting pro forma earnings numbers.
Which of the following expressions is termed the profit margin factor as used in determining the rate of return on investment?
A) Sales/Income From Operations B) Income From Operations/Sales C) Invested Assets/Sales D) Sales/Invested Assets
Which of the following is true of a subsidiary?
A. A subsidiary is used to operate a parent company's holding company. B. A subsidiary does not actually conduct business; rather, it functions as a foreign contact point. C. A subsidiary insulates the parent company from unlimited liability. D. A subsidiary is a part of the parent company and is not separately incorporated.