In an unsolicited proposal, a synopsis or executive summary may be
A) essential for highlighting your competitive advantage.
B) useful if the proposal is short.
C) placed in an appendix.
D) replaced by a letter of transmittal.
E) most effective if it does not mention the RFP to which you are responding.
Answer: D
Explanation: D) If your proposal is unsolicited, your transmittal letter will already have caught the reader's interest, making a synopsis or an executive summary redundant.
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The remaining cash of a partnership (after creditors have been paid) upon liquidation is divided among partners according to their
a. capital balances b. contribution of assets c. drawing balances d. income sharing ratio
The Blue Saints Band is holding a concert in Toronto. Fixed costs relating to staging a concert are $350,000 . Variable costs per patron are $5.00 . The selling price for a tickets $25.00 . The Blue Saints Band has sold 24,00 . tickets so far. At the current level of sales, what is the margin of safety in dollars?
a. $162,500 b. $112,500 c. $180,000 d. $115,000
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 45,000. Actual factory overhead costs incurred were
$377,200, and actual direct labor hours were 47,000. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? A) $16,000 overapplied. B) $16,000 underapplied. C) $1,200 overapplied. D) $1,200 underapplied.
The debt/tangible net worth ratio:
a. is the same as the debt ratio. b. has the same objectives as the debt/equity ratio. c. includes both liabilities and shareholders' equity in the denominator. d. is a uniform computation across different companies.