In this scenario, Barry would be classified as a(n) <u>A. aggressive</u> salesperson.
<u>Explanation</u>:
Barry works for a popular radio station as a sales representative. From his conversation in the above scenario it is clear that Barry is an aggressive salesperson.
One day Barry was discussing with the marketing manager of a larger retail store regarding their new ad program. Barry was clear that the ad will be broadcasted around the clock all over the town if they agree with their radio station. He told that the ad will be aired day after tomorrow if the manager is ready to sign today.
<u>Solution and Explanation:</u>
Assume US Investor need 1000 Pound after 90 days:
Option 1: Forward Option:1000 pound = 1000 multiply with 1.98 = $1980
<u>
Option 2: Invest in UK:
</u>
Need 1000 pound after 90 days
so, Invest in UK pound today 1000 divide by 1.04= 961.5385
to get 961.5385 today he need to pay = 961.5385 multiply with $2 ( Current Spot Rate)
= $1923.077
<u>
Option 3 : Invest in US:
</u>
Need 1000 Pound after 90 days
so forward Exchange rate 1.98 he need 1000 pound* 1.98 = 1980 $ after 90 days
so invest today 1980/1.02 = $1941.176
<u>
Advise: Option 2 is best , Invest in UK Bonds
</u>
Answer:
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Answer:
On October 01, 2017
The amount actually borrowed that is $ 701,000 will be recorded as liability/note payable on october 01, 2017. The following accounting entry will be passed
Debit Cash Asset $ 701,000
Credit Note payable $ 701,000
Interest recognized from October 1 to December 31, 2017
The premium amount paid on redemption will be recorded as interest over the period of time. The interest amount is
Interest = 721,000 -701,000 = $ 20,000
So this above calculated expense will be recognized as an expense over loan period.
Answer: B -Merit Pay
Explanation: Merit pay is a performance based incentive to employees. It is financial in nature which means that an employee might be given a bonus or a pay rise for an outstanding performance.
Merit pay is a good performance compensation policy which helps to boost employees performance and there by increasing a company's overall goals of profit making.
Merit pay is a very good incentive which gives employees a sense of belonging in an organisation. it helps employees boost their moral as they are sure that their efforts will be well compensated by the organisation.