The letter of transmittal is used:
A) to deliver the document
B) to deliver the document to a client outside the firm
C) to deliver the document within the firm
D) only when the document is transmitted electronically
E) only when the document is displayed publicly
B
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The budget assumes that 60% of commission expenses are paid in the month they are incurred and the remaining 40% are paid one month later. In addition, 50% of salaries expenses are paid in the same month, and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed to be paid in the same month in which they are incurred. Insurance has been paid in advance for the year on January 1. Calculate total budgeted cash payments for selling and administrative expenses for the month of April.
A manufacturing company's budgeted income statement includes the following data:
A) $52,000
B) $60,500
C) $57,900
D) $64,700
Describe two ways in which marketers can engage in social media. What are the advantages and challenges of social media?
What will be an ideal response?
Richard sent a letter to Enrico, his client in El Salvador who speaks English with hesitancy. What is the most obvious problem with the following excerpt from the letter? "I'm so sorry I dropped the ball on the contract negotiations. I've been wearing so many hats lately, I hardly know if I'm coming or going. I promise I'll make things up to you as soon as my situation levels out."
a. Parallelism b. Culturally biased terms c. Regional jargon d. All of the above
In which of the following contracts is the delivery delayed, though the commodity is sold and paid for?
A. a forward contract B. an option contract C. a spot contract D. a future contract