Tyrell Company issued callable bonds with a par value of $18,000. The call option requires Tyrell to pay a call premium of $500 plus par (or a total of $18,500) to bondholders to retire the bonds. On July 1, Tyrell exercises the call option. The call option is exercised after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds under each separate situation.
1. The bonds have a carrying value of $15,000.
2. The bonds have a carrying value of $19,000.
Answers
Answer and Explanation:
The journal entries are shown below:
1. Bonds Payable $18,000
Loss on redemption $3,500
To Discount on Bonds Payable ($18,000 - $15,000) $3,000
To Cash ($18,000 + $500) $18,500
(Being retiring of the bond is recorded)
2. Bonds Payable $18,000
Premium on Bonds Payable ($19,000 - $18,000) $1,000
To Gain on redemption of bonds $500
To Cash ($18,000 + $500) $18,500
(Being retiring of the bond is recorded)
These two journal entries should be recorded
Related Questions
What are demand deposit accounts?
Answers
Answer:
it's a deposit of money that can be withdrawn without prior notice
Small Business Management (1)
There are at least eight different pricing strategies for established goods and services. Explain FOUR (4) of those strategies and under what conditions a business owner should use them.
Answers
The four pricing strategies commonly used by businesses for established goods and services are Penetration Pricing, Skimming Pricing, Premium Pricing and Bundle Pricing.
Here are four pricing strategies commonly used by businesses for established goods and services, along with the conditions under which they can be applied:
Penetration Pricing: Penetration pricing involves setting a low initial price for a product or service to quickly capture market share. This strategy is typically used when a business wants to enter a competitive market or launch a new product. Skimming Pricing: Skimming pricing is the opposite of penetration pricing. It involves setting a high initial price for a product or service and gradually lowering it over time. This strategy is often employed for products with unique features or a competitive advantage. Premium Pricing: Premium pricing involves setting a higher price than competitors to position the product or service as exclusive or of higher quality. This strategy is commonly used when a business wants to create a perception of luxury, prestige, or uniqueness. Bundle Pricing: Bundle pricing involves packaging multiple products or services together and offering them at a discounted price compared to purchasing each item individually. This strategy encourages customers to buy more items by providing them with a perceived value or cost savings.For such more question on Penetration:
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Suppose a country`s workers can produce 4 watches per hour or 12 rings per hour. If there is no trade,
Answers
Suppose a country`s workers can produce 4 watches per hour or 12 rings per hour. If there is no trade,: The opportunity cost of 1 watch is 3 rings.
What is opportunity cost?Opportunity cost can be defined as the way in which a person tend to forgone others alternative as a result of choosing an alternatives .
Example of opportunity cost is when a student choose to forgone the choice of watching a movies because the student want to read for his/her examination.
Now let find the opportunity cost;
Opportunity cost = 12 rings / 4 watches per hour
Opportunity cost = 3 rings
Therefore the opportunity cost of 1 watch is 3 rings.
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Self esteem is the part of self concept that involves evaluations of ?
Answers
Answer:
the mind
Explanation:
answered already
The component of the self-concept known as self-esteem involves assessments of one's own value. Through social engagement, the self-concept grows and changes. Reflected assessment is the practice of reflecting the opinions of those around us.
What is self-esteem?Self-esteem is the belief in one's own abilities or value. Self-esteem includes one's self-perceptions as well as emotional states including joy, anguish, pride, and shame. "The self-concept is just what we think about the self; self-esteem is the positive or negative judgments of the self, as in how we feel about it," wrote Smith and Mackie in 2007.
Being able to predict certain outcomes, such as scholastic success, happiness, marital and romantic fulfillment, and criminal behavior, makes self-esteem an alluring psychological concept. Self-esteem can be applied broadly or to a particular quality. Self-esteem is typically viewed by psychologists as a permanent personality trait, while there are also common, short-term changes.
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John earns 88% on a test. He answers 44 questions correctly. How many questions are on the test?
Answers
Answer:
50
Explanation:
Answer:
there would be 50 questions total
Compare and contrast the three options from the perspective of customer service. Which do you believe will provide the best level of service? Why?
Answers
The three options from the perspective of customer service, when used can help provide the best level of service are:
Empathy.TactTrustWhat is the comparison between the items listed above?The capacity for trust and for being trusted is a crucial component of empathy. This is crucial to preventing bullying. People may take chances and be honest with each other when there is trust between them. There will be more sharing of facts, emotions, and ideas as trust grows.
Empathy establish connections with others, apply emotional intelligence and empathy. Truth-telling with tact means taking into account the emotions and reactions of others. It helps one to be able to send some challenging feedback, pass on private information, and others.
The Gains from the Customer Service Perspective are:
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Fill out the tax forms for:Ivy Perry, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Eagle Beagle, Inc. She owns and operates Type It located near the campus of Florida Community College at 200 College Road. Ivy is a material participant in the business. She is a cash basis taxpayer. Ivy lives at 6020 College Road, Pensacola, Fla. 33210. Ivy's Social Security number is 123-44-5678. Ivy indicates that she wishes to designate $3 to the Presidential Election Campaign Fund. During 2021, Ivy had the following income and expense items: a. $50,000 salary from Legal Eagle Beagle, Inc. b. $20,000 gross receipts from her typing business c. $700 interest income from Florida Community Bank. d. $1,000 Christmas bonus from Legal Eagle Beagle, Inc. e. $60,000 life insurance proceeds on the death of her brother. f. $5,000 check given by her wealthy uncle g. $100 won in a bingo game. h. Expenses connected with the typing business: Office Rent Supplies Utilities and telephone Wages paid to part-time typists Payroll Taxes Equipment Rentals $7,000 4,400 4,680 5,000 500 3,000 i. $8,346 interest expense on a home mortgage (paid to Florida Community Savings& Loan) j. $5,000 fair market value of silverware stolen from her home by a burglar on October 12 2021; Ivy had paid $4,000 for the silverware on July 1, 2008. She was reimbursed $1,500 by her insurance company k. Ivy had loaned $2,100 to a friend, Deb Dobson, on June 3, 2018. Deb declared bankruptcy on August 14, 2021 , and was unable to repay the loan. Legal Eagle Beagle, Inc. withheld Federal income tax of $7,500 and FICA tax of $3,551 (which was adequate for 2021). Assume the loan is a bona fide debt. 1. m. Alimony of $10,000 received from her former husband, Tony Springfield. n. Interest income of $800 on City of Pensacola bonds. o. Ivy made estimated Federal tax payments of $1,000. p. Sales tax from the sales tax table of $654. q. Charitable Contributions of $2,500. What is the Total income, Adjusted gross income, Taxable income, Tax liability, and amount of federal tax due or refunded.
Answers
Based on the provided information, Ivy Perry's tax situation for 2021 is as follows:
Total Income: $71,800
Adjusted Gross Income (AGI): $47,220
Taxable Income: $34,670
Tax Liability: $3,961.40
Federal Tax Refund: $4,538.60
What is taxation?Taxation is the imposition of compulsory levies on individuals or entities by governments.
It should be noted that Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes.
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A production department's output for the most recent month consisted of 14,000 units completed and transferred to the next stage of production and 14,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 70% complete with respect to both direct materials and conversion costs. There were 1,800 units in beginning Work in Process inventory, and they were 90% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Answers
Answer:
Materials = 19,600 units
Conversion Costs = 19,600 units
Explanation:
It is important to note that the company uses the weighted average method.
This means we are only interested in the equivalent units of units completed and transferred and units in ending work in process
The equivalent units of production for the month, assuming the company uses the weighted average method :
Materials = 14,000 x 100 % + 14,000 x 70% = 19,600 units
Conversion Costs = 14,000 x 100 % + 14,000 x 70% = 19,600 units
You’ve just read the article about Macy’s and Nordstrom’s. Why do you think companies like Macy's have to move to an Omnichannel strategy for selling their products?
Answers
The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.
What is a distribution channels?Distribution channel serves as the means by which companies make their products to be available to final consumer.
This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.
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How do people who volunteering/organizing at a fundraiser use donated items
Answers
People who volunteer or organize fundraisers typically use donated items in several ways to maximize their impact providing both financial and experiential value, while fostering community involvement and support for the cause.
Firstly, they assess the donated items to determine their suitability for the event's goals. If the items align with the fundraiser's purpose, they may include them in auctions, raffles, or silent auctions to generate funds. High-value items or unique experiences are often reserved for live auctions to attract higher bids.
In addition to generating revenue, donated items can serve as incentives to encourage donations. Volunteers may offer them as rewards for specific donation thresholds or use them as prizes for fundraising challenges. By leveraging the donated items in this way, organizers motivate participants to contribute more generously.
Moreover, donated items can be used to enhance the overall atmosphere of the fundraiser. They may be displayed to create visually appealing setups, reinforcing the cause and encouraging attendees to engage with the event. For example, art pieces or crafts can be showcased, generating interest and potentially leading to additional donations.
Overall, donated items play a crucial role in fundraising events, providing both financial and experiential value, while fostering community involvement and support for the cause.
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In a recent city meeting, it was agreed that the city was going to build a new town hall. Long-term bonds, intergovernmental transfers, and public donations will be used to construct and maintain the building. The major discussion was how to record the donations meant to fund ongoing maintenance costs. One group wants to set up a permanent fund for the principle of the investments and use a special revenue fund to account for the earnings of the investments and their use. The other group wants to use a private purpose trust fund for the principle and interest.
Answers
Long-term bonds and also other things are also the main things that have been accustomed to the long-term pattern of money and also everything.
What is the Long term bonds?Two main advantages of longer-term bonds are diversification from stocks and (ii) consistent returns. These traders do not require the benefit of diversification that longer bonds provide because of the little equities exposure in this sort of portfolio.
A longer-term bond entails a larger risk of falling in price due to higher interest rates overall as well as a greater chance that rising inflation could lower the value of payments. For the majority of long-term investors, bonds with maturities between one and ten years are sufficient.
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Guys, This question determines my life.
1.If nothing Is faster than light, then how did the dark get there first?
Answers
Answer:
its simply not true that nothing is faster than light. ill give a quick proof: black holes. Gravity is stronger and faster than light, because gravity captures light and prevents it from leaving the black hole.
Explanation:
Question 4
What is the main risk posed by pests in the operation?
SELECT ONE
a
Cross-contact
b Chemical contamination
C Temperature abuse
d Biological contamination
Answers
The main risk posed by pests when it comes to food is that of d. Biological contamination
Pests are very bad for food because:
They can infect it with faces They can infect the food with dangerous pathogensFetal contamination and bacterial (pathogenic) infections are examples of biological contamination.
We can therefore conclude that pests are more likely than not, to pose a risk of biological contamination.
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1. Determine the estimated cost of the inventory of Celebrity Tan Co. on August 31 by the retail method, presenting details of the computations. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
to retail price:
2a. Estimate the cost of the inventory of Ranchworks Co. on November 30 by the gross profit method, presenting details of the computations. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
3. Assume that Ranchworks Co. took a physical inventory on November 30 and discovered that $369,750 of inventory was on hand. What was the estimated loss of inventory due to theft or damage during March through November?
Answers
1)We require the following details in order to calculate Celebrity Tan Co.'s expected cost of inventory on August 31 using the retail method:Beginning retail inventory is the value of the stock as of August 1.Retail net sales: total sales throughout the time.The proportion relating inventory costs to selling prices is known as the cost-to-retail ratio.
2) Using the gross profit approach, we require the following details to calculate Ranchworks Co.'s inventory cost on November 30:Start of inventory: Inventory's worth as of November 1st.Total period sales, or net sales. Gross profit ratio: The proportion of gross profit to net sales.
3)The following information is required in order to estimate the loss of inventory from theft or damage from March through November: the value of stock as of March 1 is the starting inventory. Inventory acquired throughout the time, totaled as purchases.Cost of goods sold: The cost of the inventory that was sold during the time period. Inventory value as of November 30th, referred to as the ending inventory.
The items and supplies that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory (in American English) or stock.
The main focus of the discipline of inventory management is determining the location and form of stored products.
stock Prior to the regular and scheduled course of production and material stock
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If your co-worker sends you $30 each week via Cash App for lunch and you transfer it to your bank account instantly (1.5% fee), how much are you being charged in fees for the year?
Answers
Answer:
$23.4
Explanation:
Each week, the co-worker sends $30, the feed for transfers is 1.5%. The charges per week are
=1.5 % of $30
=1.5% x $30
=0.015 x $30
=$0.45
One year has 52 week, The charge per year will be
=$0.45 x 52
=$23.4
What is the degree of alignment between what Netflix is currently
doing (actions) and their mission, vision, values, structure, and culture.
Answers
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $2,300.
b. Cash provided from consulting to customers, $49,600.
c. Cash used for purchase of mining equipment, $81,000.
d. Cash provided from long-term borrowing, $68,000.
e. Cash used for payment of employee salaries, $24,800.
f. Cash used for payment of office rent, $12,800.
g. Cash provided from sale of equipment purchased in c. above, $23,300.
h. Cash used to repay a portion of the long-term borrowing in d. above, $44,000.
i. Cash used to pay office utilities, $5,100.
j. Purchase of company vehicle, paying $10,800 cash.
Required:
Calculate cash flows from operating activities.
Answers
Answer:
Explanation:
Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $2,300.
b. Cash provided from consulting to customers, $49,600.
c. Cash used for purchase of mining equipment, $81,000.
d. Cash provided from long-term borrowing, $68,000.
e. Cash used for payment of employee salaries, $24,800.
f. Cash used for payment of office rent, $12,800.
g. Cash provided from sale of equipment purchased in c. above, $23,300.
h. Cash used to repay a portion of the long-term borrowing in d. above, $44,000.
i. Cash used to pay office utilities, $5,100.
j. Purchase of company vehicle, paying $10,800 cash.
Required:
Calculate cash flows from operating activities.
Answer:
Explanation:
d. Ca
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What is the average student contribution for one year at a private college in 2012-2013?
Answers
Answer:
Explanation:
Step-by-step explanation: The average cost to attend a four-year private college for one year in 2012-2013 would be $43,289. Adding all of the average costs for one year of education gives us the total average cost for one year of education.
Answer:$27,609
Explanation:
A company that makes childcare products launches a series of health drinks for mothers under the same brand name. What kind of brand development is this?
A.
line extension
B.
brand extension
C.
price skimming
D.
price penetration
Answers
Answer:
brand extension
Explanation:
Given the following information for Atlas Travel, prepare a bank reconciliation statement for December 31. Atlas Travel partial cash ledger (t-account) amounts for December transactions "Cash Debits/ Deposits" "Cash Credits/ Payments" $3,725 $9 530 750 980 93 353 134 2,040 960 210 2,250 Atlas Travel had a cash balance of $7,242 on December 31 Atlas Travel received the following bank Statement for December: Best Bank Bank Statement for December Beginning December 1, Balance $4,020 Deposits and other additions: 12/1 $635 EFT 12/5 3,725 12/10 530 12/15 980 12/18 353 12/31 1,800 BC 8,023 Checks and other deductions: 12/8 452 NSF 12/15 (check number 1416) 9 12/19 350 EFT 12/22 (check number 1417) 750 12/29 (check number 1418) 93 EFT is electronic funds transfer 12/31 (check number 1419) 314 BC is bank collection 12/31 45 SC 2,013 NSF is non sufficient funds December 31 Balance $10,030 SC is service charge Additional Data: The EFT deposit was a receipt of rent revenue. The EFT deduction was payment of insurance expense. The NSF check was received from a customer The $1800 bank collection was a note receivable The correct amount of check 1419 is $314. Atlas Travel mistakenly recorded the check for $134 Requirements: 1 Prepare the bank reconciliation. Atlas Travel Bank Reconciliation December 31, 20## Best Bank Balance, Dec. 31 Atlas Travel Balance Dec 31
Answers
Atlas Travel Bank Reconciliation
December 31, 20##
Best Bank Balance, Dec. 31 $10,030
Atlas Travel Balance, Dec. 31 $7,242
Outstanding Checks:
Check Number 1416 $9
Check Number 1417 $750
Check Number 1418 $93
Check Number 1419 $314 (Corrected amount)
Add:
EFT Deposit $635
Bank Collection $1,800
Subtract:
NSF Check $452
EFT Deduction $210
Service Charge $45
Adjusted Atlas Travel Balance, Dec. 31 $8,281
Start with the Best Bank Balance from the bank statement: $10,030.
Compare it with the Atlas Travel Balance from the cash ledger: $7,242.
Identify any outstanding checks (checks issued but not yet cleared by the bank):
Check Number 1416: $9
Check Number 1417: $750
Check Number 1418: $93
Check Number 1419: $314 (Corrected amount)
Add any deposits or credits that have not yet been recorded in the cash ledger:
EFT Deposit: $635
Bank Collection: $1,800
Subtract any deductions or payments that have not yet been recorded in the cash ledger:
NSF Check: $452
EFT Deduction: $210
Service Charge: $45
Calculate the adjusted Atlas Travel Balance by adding the outstanding checks, subtracting the deductions, and adding the deposits: $8,281.
Therefore, after reconciling the bank statement with the cash ledger, the adjusted Atlas Travel Balance on December 31 is $8,281.
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An investor holding a short position in a maturing futures contract may:
Answers
Answer:
Take delivery of the underlying asset from the holder of the long position.
The information on the job application should be consistent with which of the following?
Resume only
Resume and cover letter
Resume,cover letter and social media profiles only
Resume cover letter social media profiles and interview answers
Answers
Answer:
Resume and cover letter should be the only things you will need normally employers don't ask for any social media it also depends of the job you're applying for if it's a high end job 9 times out of 10 they will go through your social medias but won't request them on your application.
Explanation:
comment if i misunderstood I'll be happy to help
Answer:Resume and cover letterrr
Explanation:
What term is used to describe a technical, physical, or administrative process designed to reduce risk?
Answers
Answer:
Control
Explanation:
Control in management as well as organization is very essential, it is very crucial for organization to achieve their goals. Control helps in the area of taking corrective measures whenever the needs arrises. It involves using technical as well as physical method in regulation of activities within an organization which will later reduces risk. It should be noted that control is
used to describe a technical, physical, or administrative process designed to reduce risk.
13. During the selling process, you assess the needs of the customer by
asking questions that get the customer to provide details about what they
want or need. These questions are typically not answered with a "yes" or
"no".
A. Fast questions
B. Easy questions
C. Open-Ended questions
D. Short questions
Answers
Answer: The answer is Option C
Explanation:
A salesman worth his salt would not be asking the customer open ended questions, he would ask them yes or no questions to get the sale done at a decent time.
Hope this helps have an excellent day!
which of the following tactics is not offered as advice on how to deal with an opponent who brings negative emotion to the negotiating table?
Answers
Anchor and adjust the reference point brings negative emotion to the negotiating table.
To ensure that they fully understand one another, speakers engage in a process known as meaning negotiation. The negotiation of meaning can be accomplished by asking for clarification, rephrasing, and confirming your understanding.
A few of the various agreements you might be involved in include negotiating a job offer, asking for a raise, arguing for a budget increase, buying and selling property or equipment, and finalizing a sale with a client.
A shared logical solution can be reached by two or more parties with the assistance of inherent negotiation abilities. You may need to use your negotiation abilities at work in a variety of situations, such as when you are negotiating a wage increase with the HR manager following a promotion.
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Economics budget line Q
Answers
Aoife's budget line is is -2
Aoife's equilibrium consumption of milk and bread is 20 units of milk and 60 units of bread.
What is Aoife's budget line?Budget line equation: 2M + B = 100, where M represents the quantity of milk and B represents the quantity of bread.
The equation above is a linear equation representing Aoife's budget constraint. The slope of the budget line is -2, which means that the opportunity cost of one unit of milk is two units of bread.
Illustration of her equilibrium consumption of milk and bread:To find the point of equilibrium, we need to find the point where the slope of the indifference curve is equal to the slope of the budget line. This is the point where the marginal rate of substitution (MRS) is equal to the price ratio.
The price ratio is 2:1 (the price of milk is twice the price of bread), so the slope of the budget line is -2. The slope of the indifference curve is -1/2, so we need to find the point where -1/2 = -2, which is (20, 60) (20 units of milk and 60 units of bread).
What is her marginal rate of substitution at the equilibrium allocation in part b?The marginal rate of substitution (MRS) at the equilibrium allocation is the rate at which Aoife is willing to trade off milk for bread while remaining on the same indifference curve. It is equal to the absolute value of the slope of the indifference curve at the equilibrium point.
In this case, the slope of the indifference curve is -1/2, so the MRS is 1/2 (the absolute value of -1/2). This means that Aoife is willing to give up half a unit of milk for one unit of bread while remaining on the same indifference curve at the equilibrium point.
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The T-Shirt Factory purchased 12 futures contracts on cotton at a quoted price of 55.50 as a hedge against its inventory needs. At the time it actually needed the cotton, the spot price was 56.10. Cotton futures are based on 50,000 pounds and quoted in cents per pound. How much did the Shirt Factory save by hedging cotton?
A. $1,280
B. $560
C. $2,400
D. $3,600
Answers
Answer:
D
Explanation: ……….
100 pts
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Corn
Diamonds
United States
60
10
Congo
20
5
Which statement is true based on the data table?
The United States should specialize in diamonds and trade for corn.
The United States should specialize in corn and trade for diamonds.
Congo should specialize in corn and trade for diamonds.
Congo should specialize in both corn and in diamonds.
Answers
Answer:
In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.
What is the open-door cost of delivering corn?
The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.
This can be found as:
= Units of jewels/Units of corn
= 10/60 jewels
All in all, choice B is right.
Answer:
B) The United States should specialize in corn and trade for diamonds.
Explanation:
I got it right on the test
Who is a business letter not written by?
Answers
A business letter is not written Option C. between two private individuals.
A business letter is a formal letter used by businesses or companies to communicate with customers, clients, other companies, or government officials. It is used for various purposes, such as requesting information, placing orders, providing feedback, making inquiries, making claims, making offers, and more. Business letters are different from personal letters in that they are more formal, objective, and to the point.
Business letters are usually written by a company's employees who have the authority to do so. For instance, the sales team may write letters to prospective clients to solicit their business, while the human resources department may write letters to job applicants to inform them of their application status. There are various types of business letters, and each serves a different purpose. Some common types of business letters include:
1. Inquiry letters: Used to request information about products, services, or pricing.
2. Order letters: Used to place orders for goods or services.
3. Complaint letters: Used to make a formal complaint about a product or service.
4. Adjustment letters: Used to respond to a complaint or request for an adjustment.
5. Sales letters: Used to sell a product or service.
6. Acknowledgment letters: Used to acknowledge receipt of an order, complaint, or request.
7. Employment letters: Used to communicate with job applicants, employees, or ex-employees.
8. Invitation letters: Used to invite someone to an event or occasion.
9. Cover letters: Used to accompany a resume or job application.
Business letters are important because they create a record of communication between two parties, and they provide a paper trail of events. They are also important because they can be used in legal proceedings, as they show that the parties communicated about a particular matter. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
A business letter is not written
A. between a company and its customers or clients
B. between one company and another company
C. between two private individuals
D. to employees within a company to recognize important achievements
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Which company has a controlling interest in other companies in other industries?
Answers
Answer:
Parent Company
Explanation: