While preparing an application message for email submission, career experts recommend formatting it as a business letter.
Answer the following statement true (T) or false (F)
True
In regard to preparing an application message for email submission, career experts recommend formatting it as a business letter with the complete address of the company exactly as presented in a letter sent by mail and a formal closing such as "Sincerely." To help people reach you, include a full signature block with your mailing and email addresses and phone number. See 13-5: Composing Application Messages
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Meggie's Fitness center received $720 from a customer in advance for one year membership in the fitness center. The entry that would be made to record the fee receipt is:
a. Unearned revenue 720 Cash 720 b. Cash 720 Unearned revenue 720 c. Unearned revenue 720 Revenue 720 d. Revenue 720 Unearned revenue 720
Exhibit 22-2 On January 1, 2017, Nathan, Inc. purchased a machine for $56,000. Eight-year, straight-line depreciation with no salvage value was used through December 31, 2018. On January 1, 2019, it was estimated that the total useful life of the machine from acquisition date was ten years. ? Refer to Exhibit 22-2. Accordingly, the appropriate accounting change was made in 2019. How much depreciation expense for this machine should Nathan record for the year ended December 31, 2019?
A. $4,200 B. $5,250 C. $7,000 D. $0
A foreign trade deficit occurs when a country's _____.
A. imports are greater than its exports B. tax revenues are greater than its expenditures C. savings rate is higher than its borrowing rate D. purchase of Treasury securities is more than sale of Treasury securities E. cash reserves are higher than its expenses
Operating activities are both inflows and outflows of cash resulting from the external financing of a business.
Answer the following statement true (T) or false (F)