When using a direct order, the good news goes first
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: With good news, the direct order should be used by giving the good news first. The indirect order gives reasons first, then the news.
You might also like to view...
Prepare a balance sheet using the information given below. Make sure to identify current assets, net fixed assets,
total assets, current liabilities, long-term debt, total equity, and total liabilities and equity. Gross fixed assets $40,000 Cash $18,000 Other assets $5,000 Accumulated depreciation $30,000 Common stock $43,000 Short-term notes payable $12,000 Accounts payable $35,000 Inventories $122,000 Retained earnings $100,000 Accounts receivable $60,000 Long-term notes payable $10,000 Long-term bonds payable $15,000 Sales $300,000 Cost of goods sold $150,000 Depreciation expense $3,000
Jerome Industries has inventory days of 48, accounts receivable days of 21, and accounts payable days of 30. What is its cash conversion cycle?
A) 39 days B) 57 days C) 69 days D) 72 days