When a claim is nonallowable, a writer should use the _____ approach in the adjustment letter
Fill in the blank(s) with correct word
indirect
Since the reply to a nonallowable claim is clearly no, a writer uses the indirect approach in the
adjustment letter. The writer starts the adjustment with a buffer, which gives the reasons
before the refusal, and then ends with another buffer.
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Income tax was $175,000 for the year. Income tax payable was $30,000 and $40,000 at the beginning and end ofthe year, respectively. Cash payments for income tax reported on the statement of cash flows using the directmethod is
a. $175,000 b. $165,000 c. $205,000 d. $215,000
What law gives employers the limited right to do credit checks?
A. Civil Rights Act of 1964 B. Fair Trade Act C. Credit Analysis Reporting Act D. Equal Employment Opportunity Act E. Fair Credit Reporting Act
Which of the following is true about gain-sharing pay plans?
A. They help increase employees' knowledge of business. B. They ensure that payouts occur only when a company's financial performance is good. C. They foster competition among employees, instead of cooperation. D. They are simple to administer. E. They do not bring about clear performance-reward links.
A job cost sheet does not contain information that is useful for managing the production process.
Answer the following statement true (T) or false (F)