Question : 61.To appear in a balance sheet of a business entity, : 1237559

61.To appear in a balance sheet of a business entity, an asset need not:

A.Be an economic resource.

B.Have a ready market value.

C.Be expected to benefit future operations.

D.Be owned by the business.

62.A balance sheet:

A.Provides owners, investors, and other interested parties with all the financial information they need to evaluate the financial strength, profitability, and future prospects of a given business entity.

B.Shows the current market value of the owners’ equity in the business at the balance sheet date.

C.Assists creditors in evaluating the debt-paying ability of a business by showing the assets and liabilities of the business combined with those of its owner (or owners).

D.Shows the assets, liabilities, and owners’ equity of a business entity, valued in conformity with generally accepted accounting principles.

63.Which of the following is correct if a company purchases equipment for $70,000 cash?

A.Total assets will increase by $70,000.

B.Total assets will decrease by $70,000.

C.Total assets will remain the same.

D.The company’s total owners’ equity will decrease.

64.If a company purchases equipment for $65,000 by issuing a note payable:

A.Total assets will increase by $65,000.

B.Total assets will decrease by $65,000.

C.Total assets will remain the same.

D.The company’s total owners’ equity will decrease.

65.If a company has a profit:

A.Assets will be equal to liabilities plus owners’ equity.

B.Assets will be less than liabilities plus owners’ equity.

C.Assets will be greater than liabilities plus owners’ equity.

D.Owners’ equity will be greater than its assets.

66.Capital stock represents:

A.The amount invested in the business by stockholders when shares of stock were initially issued by a corporation.

B.The owners’ equity for a business organized as a corporation.

C.The owners’ equity accumulated through profitable operations that have not been paid out as dividends.

D.The price paid by the current owners to acquire shares of stock in the corporation, regardless of whether they bought the shares directly from the corporation or from another stockholder.

67.The balance sheet item that represents the portion of owners’ equity resulting from profitable operations of the business is:

A.Accounts receivable.

B.Cash.

C.Capital stock.

D.Retained earnings.

68.Retained earnings appears on:

A.The income statement.

B.The balance sheet.

C.The statement of cash flows.

D.All three of the financial statements.

At December 31, 2014, the accounting records of Braun Corporation contain the following items:

69.Refer to the information above. If Capital Stock is $260,000, what is the December 31, 2014 cash balance?

A.$86,000.

B.$94,000.

C.$46,000.

D.$686,000.

A/P ($16,000) + N/P ($190,000) + Capital Stock ($260,000) + R.E. ($160,000) = $626,000Cash (?) + A/R ($40,000) + Land ($240,000) + Building ($180,000) + Equipment ($120,000) = $626,000Cash = $46,000

70.Refer to the information above. If Capital Stock is $320,000, total assets of Braun Corporation at December 31, 2014, amounts to:

A.$686,000.

B.$926,000.

C.$726,000.

D.$106,000.

A/P ($16,000) + N/P ($190,000) + Capital Stock ($320,000) + R.E. ($160,000) = $686,000Total Assets = $686,000

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July 1, 2023

Write a sample cover letter that highlights why you would be ideal for a marketing position at a Company of your pick in Florida . In the cover letter, you need to mention the position and discuss the tasks that would be required of you in that position. You can address the cover letter to either a real or fabricated person/organization. Do not address it to “To Whom It May Concern” or “Dear Sir/Madam” or anything else-generic.

Cover Letter Content: • Includes your contact information, date, salutation/greeting (with hiring manager’s full name, title, company, address), body, closing, signature - i.e., major components of a cover letter. • Components are organized logically and overall the letter is attractive. • Letter is concise. • Audience is clear; addressed to real or fabricated person/organization. • Identifies specific position and why you would be ideal for it. Discusses tasks required for that position and knowledge of potential employer. • Discusses your relevant skills, experience, etc. that will make you ideal for the position. • Includes request for interview or meeting with specific manner of follow-up/reverse call to action, note of appreciation, and mentions resume in closing.

BELLOW IS A PART OF MY RESUME TO HELP WRITE THE COVER LETTER.

Summary

Motivated sales driven rental manager focused on attaining a motivated and competitive work environment along with dynamic operating conditions. Customer service oriented and methodical with strengths in accounts maintenance.

Skills

· Key accounts and territory management

· Capital improvement planning

· Systems and automation applications

· Brand management

Experience

Enterprise Holdings | Miami, FL

Assistant Branch Rental Manager

11/2019 – 11/2020

· Remained calm and professional in stressful circumstances and when dealing with unhappy customers, effectively diffusing situations.

· Met with each associate to establish realistic monthly sales goals.

· Strengthened product branding initiatives and coordinated effective marketing campaigns.

· Reviewed employee performance every week and delivered constructive feedback to improve weaknesses.

· Upheld internal standards and productivity goals to meet sales and growth targets.

· Identified growth areas requiring immediate improvement and rolled out marketing program, boosting branch's fleet 16%.

· Executed non-negotiable strategies to foster better customer service and promote positive and engaging environment for all.

· Drove profit increases by leveraging market knowledge and natural leadership talents.

Enterprise Holdings | Miami, FL

Management Trainee

05/2019 - 11/2019

· Ranked 1st place on the sales performance ranking for 4 consecutive months with a total additional revenue of $160,000.

· Achieved a 4-month Customer Service score of 87%, 3 points above corporate average.

· Ran daily sales reports to assess performance and make proactive adjustments.

Equinox | Miami, FL

Sales Associate

10/2017 - 06/2018

· Arranged special accommodations for guests to maintain optimal satisfaction

· Managed all front desk operations for busy high-volume Health Club.

· Confirmed transactional data by verifying name and payment information and clearly communicating costs and fees to patrons.

· Participated Management Assistance, handling member's accounts and payments.

· Supported Membership Advising participating in more than 100 memberships sold.