If this is a true or false question, the answer is false
Answer:
A. Meredith's bank receives a letter of credit from the importer's bank.
Explanation:
Letter of Credit is a written undertaking given by a Bank (importer's bank) at the request of its customer (applicant), in which the Bank obligates itself to pay the exporter (seller/beneficiary) up to a stated amount within a prescribed time frame upon presentation of stipulated documents that conform to the terms and conditions of the documentary credit.
It is a common mode of payment used for the importation of visible goods which served to protect both the importer and exporter against exposure to the risk of default either in payment or delivery of goods.
General and legal and political environment
Answer:
The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the:
Explanation:
The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the:
Answer:
Weeks supply = 10.70 million (Approx)
Explanation:
Given:
Last year, cost of goods sold = $7,537.53 million
Last year Inventory = $1,551.55 million
Computation:
Average cost of sold good on week basis = Cost of goods sold / Total number of weeks
Average cost of sold good on week basis = $7,537.53 million / 52
Average cost of sold good on week basis = 144.96 million
Computation of weeks supply:
Weeks supply = Last year Inventory / Average cost of sold good on week basis
Weeks supply = $1,551.55 million / 144.96 million
Weeks supply = 10.70 million (Approx)