Explain why goodwill messages are important, and then describe at least two characteristics of effective goodwill messages
What will be an ideal response?
Answer: Goodwill messages can improve your relationships with customers, colleagues, and other businesspersons. They should be sincere and honest – otherwise the writer appears interested only in personal gain. Avoid exaggeration, back up compliments with specific points, and be restrained but sincere in your praise. Saying things like, "You're terrific!" will detract from your credibility in these messages.
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Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company
in 2010 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable). A) $4,000 B) $2,000 C) $3,500 D) $2,500
The initial outlay or cost is $1,000,000 for a four-year project. The respective future cash inflows for years 1, 2, 3 and 4 are: $500,000, $300,000, $300,000 and $300,000. What is the payback period without discounting cash flows?
A) About 2.50 years B) About 2.67 years C) About 3.67 years D) About 4.50 years