Deca

Question 1

Interoffice memo

Answer 1

A written message organizations use to communicate informants between departments, like policy changes or meeting schedules.

Question 2

Corporate governance processes

Answer 2

They include oversight of management, independent internal audits and segregation of duties. They ensure smooth functioning, clarify the chain of command and measure organizational performance.

Question 3

Competent parties

Answer 3

Parties legally qualified to make a binding contractual agreement

Question 4

Consideration in a contract

Answer 4

When one Party makes an offer That is accepted

Question 5

W-2 form

Answer 5

A form that outlines a persons earnings and tax deductions

Question 6

Form 1040

Answer 6

A standard tax form used to file an individual federal tax return

Question 7

Solvency analysis

Answer 7

A solvency analysis evaluates a company’s ability to pay long term debts. One of its ratios divides total debt by shareholder’s equity. The interest coverage ratio measures a company’s ability to meet interest payments. It divided earnings before interest or taxes by interest.

Question 8

budget

Answer 8

A budget is a financial that tracks income, such as a salary or investment, and expenses in a certain period. Budgets help you live below your means, increase your savings, avoid overspending, eliminate debt and set financial goals. Financial goals are vital for money management. There are two types of budgets: rolling and static. A static budget stays the same regardless of what happens to a persons financial situation. A rolling budget is constantly updated. Budgets can be used at various levels, like departmental budgets, project budgets or overall organisational budgets.

Question 9

Collection letter

Answer 9

A collection letter is a persuasive message that buisnesses write to customers who are likely to miss a payment. The purpose of the letter is to persuade them to pay or make another arrangement.