Critical Thinking Questions Case 3-1 Your Friend Julian Is Applying

question 153

Multiple Choice

Critical Thinking Questions Case 3-1 Your friend Julian is applying for his first job and is looking to produce a cover letter that is letter-perfect in its presentation, not to mention its content. Knowing that you are a recently successful job seeker, he comes to you for advice on the preparation of the letter. Julian wants to get the letter off to a good start. He has designed a personal letterhead with his name at the very top. What is the first thing he should put immediately below the letterhead, and how far below the letterhead should it appear?

• A) date line, two to six lines below
• B) inside address, three to eight lines below
• C) salutation, two to four lines below
• D) messages, two lines below

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Definitions:

Salvage Value

The estimated remaining valuation of an asset at the close of its usability period.

Discount Rate

The rate utilized in DCF analysis for estimating the present value of future cash flows.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available for running day-to-day operations.

Salvage Value

The anticipated end value of an asset after exhausting its useful life.