Answer:
generic goods.
Explanation:
Generic goods -
It refers to the type of packaging , where only the type of product present inside the packet is written , rather than specifying the name of the brand , is referred to as generic goods .
For example ,
Mentioning the package with rice , cola , beans etc. , is the example of generic food .
Hence , from the given scenario of the question ,
The correct answer is generic goods .
Answer:
$101,293
Explanation:
$100,000 face amount + $7,000 interest to maturity ($100,000 x 7%) = maturity value less the discount for the time remaining to maturity of $5,707 ($107,000 x 8% x 8/12) = $101,293
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $100,000
To Notes payable A/c $100,000
(Being the issuance of the note payable is recorded)
For recording this transaction, we debited the cash account as it increases the asset and credited the note payable account as it also increases the liabilities account
<span>The
answer is private placement. It is the transaction of securities to a moderately
small number of select investors as a way of raising capital. Investors
involved in private placements are frequently large banks, mutual funds,
insurance companies and pension funds. A
private placement is
not the same from a public issue, in which securities are made accessible for
sale on the open
market to any type of investor. Since a private placement is obtainable
to a few selected individuals, the placement does not have to be recorded with
the Securities
and Exchange Commission (SEC). In many circumstances, thorough
financial information is not disclosed and the investment is not sold by prospectus.</span>
