You're Sending a Solicited Proposal to a Local Restaurant in an Effort

question 60

Multiple Choice

You're sending a solicited proposal to a local restaurant in an effort to become its primary food vendor.The letter of transmittal to accompany the proposal should follow the format for

• A)positive messages.
• B)bad-news messages.
• C)persuasive messages.
• D)routine messages.
• E)operational reports.

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Definitions:

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenses to the correct periods.

Unearned Revenue

Money received by a company for a service or product that has yet to be delivered or provided.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recorded as a liability on the balance sheet until the goods or services are provided.

Receipt of Cash

This refers to the actual inflow of cash into a business, resulting from transactions such as cash sales, receiving payment from debtors, or any other cash receipts.