Case 3-1 Your Friend Julian Is Applying for His First Job and Job

question 110

Multiple Choice

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 is concerned that he is forgetting something in the inside address.He has the following information: courtesy title,full name,business affiliation,and full geographical address.

• A)Yes,he is forgetting the complimentary close.
• B)Yes,he is forgetting the job title.
• C)Yes,he is forgetting the date line.
• D)No,he is not forgetting anything.

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Definitions:

Dividends

A portion of a company's earnings distributed to shareholders as a return on their investment.

Miscellaneous Expense

Small, often irregular costs that do not fit well into other categories of a budget or financial statement.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts’ balances to permanent ones, resetting the temporary accounts for the next period.

Journalized

The process of recording transactions in a company's journal, marking the first step in the accounting process.