1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
3241004551 [841]
3 years ago
6

Which of these is an example of a bank’s commitment to pay? a. Fee arbitration agreement b. A warrant c. Letter of credit d. Bil

l of lading
Business
1 answer:
igor_vitrenko [27]3 years ago
7 0

Answer:

Letter of credit

Explanation:

A letter of credit is a written guarantee from a buyer's bank to the seller, assuring them of payments from the buyer. Should the buyer fail to honor the payments, the bank commits itself to pay. The letter of credit guarantees the seller that upon meeting some pre- defined conditions, the bank would release to them a specified amount, in the stated currency.

Letters of credit are most suited for international trade. The nature of foreign trade is that buyers and sellers do not know each other and operate under different laws. A letter of credit assures each party that the other will fulfill their obligation. The issuing bank will charge for providing the letter of credit services.

You might be interested in
Can anyone PLZZZ HELP me with all that plzzz. For 10 POINTS PLZZZ. :(((((
maxonik [38]

LAST QUESTION ANSWER: Federal Trade Commission (FTC)

3 0
3 years ago
Read 2 more answers
Consumers often seek bargains by purchasing goods in large quantities; for example, buying in bulk at Costco or buying larger bo
Nimfa-mama [501]

Answer:

The correct answer is the option B: second-degree price discrimination.

Explanation:

To begin with, the term of price discrimination, in marketing and economics, refers to the action of charge different prices to different consumers for the same product that do not vary in quality. This concept states fourth differents degrees in order to use the most beneficial strategy to one's company.

To continue,<em> the second-degree price discrimination</em> establishes that companies price products differently based on the preferences of various groups of consumers and furthermore it is very common to <u>apply this type of discrimination through quantity discounts</u> and to add an example, is very common to use this strategy in <u>warehouse retailers such as Costco.</u>

6 0
3 years ago
find the selling price per pound of a coffee mixture made from 8 pounds of coffee that sells fo $9.20 per pound and 12 pounds of
elena-14-01-66 [18.8K]

Answer:

$6.98 per pound

Explanation:

The computation of the selling price per pound is shown below:

As we know that

8 pounds of coffee sells for $9.20 per pound which equal to

= 8 pounds × $9.20 per pound

= $73.6

And, 12 pounds of coffee is for $5.50 per pound which equal to

= 12 pounds × $5.50 per pound

= $66

The total value would be

= $73.6 + $66

= $139.60

And, the total number of pounds would be

= 8 pound + 12 pound

= 20 pounds

And we assume the selling price per pound be X

So, the equation would be

$139.60 = 20 pounds × X

So, X would be

= $139.60 ÷ 20 pounds

= $6.98 per pound

4 0
3 years ago
The balance in Accounts Receivable at the beginning of the year amounted to $16,000. During the year, $64,000 of credit sales we
poizon [28]

Answer: $70,000

Explanation:

Accounts Receivable at the beginning of the year amounted to $16,000

During the year, $64,000 of credit sales were made to customers.

ending balance in Accounts Receivable amounted to $10,000, and uncollectible accounts expense amounted to $4,000,

The Amount to appear in the operating activities section of the cash flow statement is

$16,000+$64,000-$10,000= $70,000

8 0
3 years ago
Read 2 more answers
   Jeb looked through a magazine and found an article called “A Look Back at the Civil War.” What would be the quickest way for
prohojiy [21]
The correct answer for this is C. Jeb should scan the article to check if the one he's looking for is in there. This way, you can efficiently use your time and lessen your hassle on reading everything what the article has to say. 
8 0
3 years ago
Other questions:
  • You added an extra $100 to your expense statement and Sara added an extra $1000 to her expense statement. If you believe both of
    15·1 answer
  • Alexandra owns a small landscaping business. She hires a​ part-time employee to handle the bookkeeping activities. Which factor
    8·2 answers
  • When a certain competitive firm produces and sells 100 units of output, marginal revenue is $80. when the same firm produces and
    10·1 answer
  • A school realizes that they need a new copy machine for their main office. The copy machine costs $5,500. After speaking with th
    14·1 answer
  • Hutchins Company had​ 200,000 shares of common​ stock, 50,000 shares of convertible preferred​ stock, and​ $2,000,000 of​ 10% co
    13·1 answer
  • In a small, closed economy, national income (GDP) is $ 400.00 million for the current quarter. Individuals have spent $ 150.00 m
    13·1 answer
  • Home Bepot Inc. has a cost of equity of 11.3 percent. The company has an aftertax cost of debt of 4.9 percent, and the tax rate
    6·1 answer
  • Costs from Beginning Inventory Costs from Current Period
    9·1 answer
  • Congratulations! You just won your state lottery and will be receiving a check for $1 million. You have always wanted to own you
    8·1 answer
  • What's your annual income if you're unemployed?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!