Fill in the Blank Spaces in Each of the Following

question 2

Short Answer

Fill in the blank spaces in each of the following sentences about the business letter.
A) In Australia, showing the date as 9/10/04 means 9 October 2004, whereas in the US it would mean ________.
B) The attention line of a business letter directs the letter to ________.
C) In writing the salutation, if you do not know the person you are writing to, you should address them as ________.
D) The purpose of a reference line is to ________.
E) For formal letters, an appropriate signature is ________.

• A) In Australia, showing the date as 9/10/04 means 9 October 2004, whereas in the US it would mean ________.
• B) The attention line of a business letter directs the letter to ________.
• C) In writing the salutation, if you do not know the person you are writing to, you should address them as ________.
• D) The purpose of a reference line is to ________.
• E) For formal letters, an appropriate signature is ________.

Comprehend the relationship between revenues, expenses, and net income.

Explain the role of accounting in the modern information age.

Identify the users and uses of accounting information.

Understand the characteristics that distinguish different forms of business organization.

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Definitions:

Long-Run Aggregate-Supply

is the total supply of goods and services that a country's economy can produce over time when all inputs are used to their full potential.

Aggregate Demand

It's the total demand for goods and services in an economy at a given overall price level and in a given time period.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given price level in a given time period.

Consumption Expenditures

The total amount spent by households on goods and services for personal use within a specified period.