Answer:
maintaining a long-term connection involving trust and mutual respect.
Explanation:
Customer value is created by relationship selling, and in order for this to happen a relationship of mutual trust and respect must be established between the seller and the buyer. And it takes time to build a mutual trust and respect relationship, it is not something that happens immediately. The seller must learn about the customer's needs and must be able to provide specific products or services that satisfy those needs.
Answer:
The journal entry for the interest payment is shown below:
Explanation:
Interest Expense A/c........................Dr $16,098
Premium on bonds payable A/c....Dr $952
To Cash A/c............................Cr $17,050
Working Note:
Interest expense = Bonds sale value × Market rate
= $321,964 × 5%
= $16,098
The market rate will be:
= 10 / 2
= 5%
Because it is paid semiannually, so rate is divided by 2.
Cash = Par value × Contract rate
= $310,000 × 5.5%
= $17,050
The contract rate will be:
= 11 / 2
= 5.5%
Because it is paid semiannually, so rate is divided by 2.
It is by interest. You can reduce the amount you pay, by paying more. You can either go ahead and pay it all off, or pay extra when it is time to make a payment.
Answer:
How will this purchase impact the accounting equation of Perfect Printers at the time of the purchase?
An increase in the assets by $200,000 and a similar increase in liability by $200,000
Explanation:
The accounting equation is the foundation for the double enter system of account balancing. In this system, the amount of debits are entered on one side as the corresponding credit is entered on the other side. Then the total credits are added and compared to the sum of the debit. When the credit equals the debit, the accounts balance. The accounting equation can be expressed as;
A=L+E
where;
A=assets
L=liabilities
E=owner's equity
Lets enter the transaction as shown;
Account type Asset Liability
Printing machine $200,000
Cash $200,000
Total $200,000 $200,000
An increase in the assets by $200,000 and a similar increase in liability by $200,000
Answer:
Please find the detailed answer as follows:
Explanation:
International trade provides many benefits:
1. Technology differences, some countries are capital intensive and some are labor intensive. So the countries produce the good according to their intensivity. And export and import take place which is beneficial for the countries.
2.differentiated products.
When trade take place between the countries, then all the opportunity to consume different products. And countries produce their goods according to their labor and capital ratio and produce different variety of goods.
3.Specialisation in production
Countries specialise in the goods in which they have a comparative advantage.
