In preparing a solicited proposal, how should you handle the RFP?
What will be an ideal response?
Answer: Normally, an RFP will specify how you should refer to the RFP itself in your proposal. Organizations that issue RFPs include instructions because they need a methodical way to track all their active RFPs and the incoming responses. Some organizations require that you include a copy of the entire RFP in your proposal. Others simply want you to refer to the RFP by name or number. Just make sure you follow the RFP's instructions in every detail. If there are no specific instructions in the RFP, use your best judgment, based on (1) the length of the RFP and (2) how you received the RFP, either hardcopy or online.
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What is the effect of the adjusting entry for Depreciation Expense?
A) It increases total liabilities and increases total expenses. B) It increases total assets and increases total expenses. C) It decreases total assets and increases total expenses. D) It decreases total liabilities and increases total expenses.
If Canada wanted to reduce the cost of its goods in foreign markets, it could
A. revalue its currency. B. devalue its currency. C. pay off its trade deficit. D. borrow from the Exim bank. E. sell more goods abroad.