If you include an attention line in a business letter, you should place it
A) at the first line of the inside address.
B) below the salutation.
C) two lines below the complimentary close.
D) below the company name.
Answer: D
Explanation: D) Place the attention line on the first line of the inside address and put the company name on the second.
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Based on the unadjusted trial balance for Highlight Styling and the adjusting information given below, prepare the adjusting journal entries for Highlight Styling.Highlight Stylings' unadjusted trial balance for the current year follows:Highlight StylingTrial BalanceDecember 31Cash…………………………………………………. $ 2,200?Prepaid insurance …………………………………...1,680?Shop supplies .............................................................790?Shop equipment …………………………………….3,860?Accumulated depreciation-shop equipment ……….. ? $ 770Building……………………………………………...59,500?Accumulated depreciation-building………………..?3,840Land
………………….55,000?Unearned rent………………………………………..?2,600Long-term notes payable…………………………….?50,000Common stock ……………………………….?40,000Retained earnings ……………………………….?8,860Rent earned ………………………………………….?2,400Fees earned ………………………………………….?23,400Wages expense ……………………………………...3,200?Utilities expense ……………………………………690?Property taxes expense …………………………….600?Interest expense ……………………………………4,350________Totals ………………………………………………..$131,870 $131,870Additional information:a. An insurance policy examination showed $1,040 of expired insurance.b. An inventory count showed $210 of unused shop supplies still available.c. Depreciation expense on shop equipment, $350.d. Depreciation expense on the building, $2,020.e. A beautician is behind on space rental payments, and this $200 of accrued revenues was unrecorded at the time the trial balance was prepared.f. $800 of the Unearned Rent account balance was still unearned by year-end.g. The one employee, a receptionist, works a five-day workweek at $50 per day. The employee was paid last week but has worked four days this week for which she has not been paid.h. Three months' property taxes, totaling $450, have accrued. This additional amount of property taxes expense has not been recorded.i. One month's interest on the note payable, $600, has accrued but is unrecorded. What will be an ideal response?
A company has estimated its effective capacity is 1,000 units produced per day. If the company wishes to maintain a capacity utilization of at least 95%, what must its actual output be?
a. 1,000 units per day b. 1,150 units per day c. 950 units per day d. Impossible to determine from the information provided
Given the following information, calculate the current price per share (P0) for Olson Corporation. The data that pertain to the year that just ended is given below. Round the answer to two decimal places. ? Net income $27,475 Beta 1.5 rRF 5% rM 9% ? Dividend payout ratio 40% Growth rate in earnings and dividends 7% Common stock shares outstanding 10,000 shares
A. $39.20 B. $57.84 C. $29.40 D. $61.90 E. 19.59
When it comes to currency transfers, what is the most important global interbank communications network?
A) CHIPS B) TARGET C) SWIFT D) RTGS