Answer:
The journal entry for the issuance and the proceeds of the note is shown below:
Explanation:
Cash A/c.........................Dr $600,000
Notes Payable A/c......Cr $600,000
The givens company received a amount of $600,000 from the bank, so cash is increasing and increase in cash is debited. Therefore, the cash account is debited. Whereas, the cash against a note payable, which increases the liability and any increase in liability is credited. Therefore, notes payable is credited.
Paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation is Personal selling.
What is personal selling?
- In order to influence a customer's buying choice, personal selling is a personalized sales technique that involves direct communication between a sales representative and potential customers.
- Globalization, the rise of the internet, and the emergence of social media, however, have made personal selling only one of many selling and marketing strategies.
- The selling strategy might not be as popular as it once was. Yet there are so many businesses that significantly rely on this approach to selling.
What are the objectives of personal selling?
- Building strong, long-lasting relationships with consumers.
- Boosting demand for the offering.
- Increasing sales.
- Supporting the customers.
Learn more about the personal selling with the help of the given link:
brainly.com/question/18240042
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Answer:
C) in swap transactions where the trader is attempting to minimize currency exposure, the actual spot and outright forward rates are often of no consequence.
Explanation:
Swap transactions occur with negotiations based on the profitability of two goods, in relation to the profitability related to the value of a currency of a given location. As the currency value of these two goods can vary significantly, the traders involved in this process always seek to minimize currency exposure, as well as real cash rates. This gives space for bank brokers to use shortened laces notation, where future price predictions are considered.
Answer:
Part a: The probability of breaking even in 6 tosses is 0.3125.
Part b: The probability that one payer wins all the money after the 10th toss is 0.0264.
Explanation:
Part a
P(success)=1/2=0.5
P(Failure)=1/2=0.5
Now for the break-even at the sixth toss
P(Break Even)=P(3 success out of 6)
P(3 success out of 6)
So the probability of breaking even in 6 tosses is 0.3125.
Part b:
So the probability that one of the player wins all the money after the 10th toss is given as the tenth toss is given as a win so
Wins in 9 tosses is given as 9!/7!=72
The probability that the other person wins
Wins in 8 out of 10 tosses is given as 10!/8!(10-8)!=10!/8!2!=45
So the probability of all the money is won by one of the gambler after the 10th toss is given as
P=number of wins in 9 tosses-Number of wins in 10 tosses/total number of tosses
P=(72-45)/2^16
P=0.0264
So the probability that one payer wins all the money after the 10th toss is 0.0264.
Answer:
Amount to be borrowed = $21,600
Explanation:
Provided details,
Opening cash balance as on 31 March = $36,400
Add: Expected Receipts = $641,000
Less: Expected purchases = ($608,500)
Less: Cash Expenses = ($27,000)
Less: Selling and administration ($33,500)
Total balance = $8,400
Balance to be maintained = $30,000
Loan to be taken or amount to be borrowed = $30,000 - $8,400 = $21,600
