Essentials of Business Communication (MindTap Course List)
11th Edition
ISBN: 9781337386494
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
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Question
Chapter 5, Problem 5.6AAC
Summary Introduction
To prepare:
A memorandum to the staff.
Introduction:
A memo refers to a type of letter that is hand written in most of the cases for the purpose of internal communication within an organization. It is opposed to a typical letter that is used for external communication.
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Bedrock Company reported a December 31 ending inventory balance
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Kenzi Kayaking, a manufacturer of kayaks, began operations this year.
During this first year, the company produced 1,000 kayaks and sold 750.
at a price of $1,000 each. At this first year-end, the company reported
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Sales (750 $1,000) $750,000
Cost of goods sold (750 $450) 337,500
Gross margin 412,500
Selling and administrative expenses 240,000
Net income $172,500
Additional Information:
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Essentials of Business Communication (MindTap Course List)
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