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Accounting Methods. 01

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Running Head: MEMO To: The Management Department From: Jack Daniels, Senior Accountant Date: July 01, 2019 Subject: Delayed Salary Disbursement Good morning, BizCon is an organization that has been operative for the past one year. Until recently, the corporation has been subject to significant cash deficit, and as a result, we owe our employees a full month of unpaid wages. Be that as it may, we want to assure the workers that they will have their salaries paid in full in the first week of this subsequent year. As you know, the firm offered 180-day financing that allowed the most significant clients to make their installments after six months. As such, the enterprise did not obtain any monies up until the end of the first 6 months from each consumer. Additionally, the corporation paid contractors money on delivery and thus sustained more costs in recompensing for the two-year insurance ...
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