Which of the following is FALSE about optional elements appearing after the complimentary close?
a. An enclosure notation must identify the number and type of enclosure.
b. A copy notation appears below the enclosure notation.
c. The company name is optional when letterhead is used.
d. The computer file notation provides information about where the file can be found on the computer network.
A
You might also like to view...
Molson, Inc. of Montreal and Adolph Coors Co. of Golden, Colorado merged their operations in order to stand up to the
A. substantial cash outlays to maintain market share. B. continued diversification in the beverage market. C. competition from Japan. D. continuing consolidation in the global beer industry.
Which of the following statements is not true relating to a capitalized (capital) lease?
a. A capital lease is handled as if the lessee bought the asset. b. The leased asset is in the fixed assets and the related obligation is included in liabilities. c. On the balance sheet, the capitalized asset amount will not usually agree with the capitalized liability amount because the liability is reduced by payments, and the asset is reduced by depreciation taken. d. Usually, a company depreciates capitalized leases faster than payments are made. e. On the balance sheet, the capitalized asset amount will usually be higher than the capitalized liability amount.
Mobile Co issued a $45,000, 60-day, discounted note to Guarantee Bank. The discount rate is 6%. At maturity, the borrower will pay:
A) $45,450 B) $42,300 C) $45,000 D) $44,550
Alver Developers had an oral purchase agreement to buy land from Tucker Farms. Tucker Farms permitted Alver to place a construction trailer on the land, move its equipment onto the land, and begin excavation. Alver has begun the grading process of the property, but Tucker Farms is backing out of the deal on the grounds that its oral agreement was not valid. Choose one of the following to describe
Alver's rights. A)?Alver has no rights because it was an oral and unenforceable contract. B)?If Alver has paid some money down, he could enforce the oral agreement. C)?Alver can enforce the oral agreement using the doctrine of partial performance under the Statute of Frauds. D)?Alver can enforce the oral agreement using the doctrine of partial performance under the Statute of Frauds if he has also paid the purchase price for the land.