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
Llana [10]
3 years ago
9

Standby letters of credit A. are a promise by a large depositor to provide additional funds to a bank should the bank face an un

expectedly large deposit outflow. B. represent the unused balance on a bank credit card. C. are a promise by a bank to lend the borrower funds to pay off its maturing commercial paper. D. are a form of swaps.
Business
1 answer:
Georgia [21]3 years ago
5 0

Answer:

The correct answer is letter "C": are a promise by a bank to lend the borrower funds to pay off its maturing commercial paper.

Explanation:

A standby letter of credit is a document that serves as a guarantee in front of the default of a buyer or seller in an agreement between the two parties. For instance, if the buyer defaults for a given reason, the bank that grants the standby letter of credit is responsible for paying off the outstanding debt. Another example of when the standby letter of credit comes into action is when both the buyer and the seller are certain of their responsibilities but after delivering the goods to the buyer they do not meet the buyers' expectations.

You might be interested in
Less developed nations have high rates of unemployment.<br><br> TRUE<br><br> FALSE
alexira [117]
True.
Hope i helped out!
3 0
3 years ago
Read 2 more answers
In the cell phone mini case, mobile power's money-back guarantee and warrantee are a form of ________ pricing
Talja [164]
I believe its closure.
6 0
3 years ago
Say that you have invented a new snack food product and would like to market it to college students. What are some of the advert
Lera25 [3.4K]

Explanation:

The ideal would be to create an advertising message that would bring value and engagement to the target audience that you want to reach, which in this case are young university students. Use more modern and informal communication, elements of youth culture, such as music, films and series, which add value to advertising to attract the desired audience.

It would also be important that advertising communication be carried out in colleges, through advertising on student radio or as a sponsor of sports games.

If the product is well aimed at meeting the needs of university students and has a positive response, in the future it can grow and be consumed by other students and thus become a product of value for young people.

4 0
3 years ago
Which of the following is a fundamental goal of CRM systems? a. To produce and deliver a product or service at the time the cust
frutty [35]

Answer:

The correct answer is letter "C": To manage and track customer interactions.

Explanation:

Customer Relationship Management (CRM) is a managerial approach that uses Information Technology (IT) to store, analyze, and use customer information to find out trends in consumption and generate a better relationship with clients. CRM is a key component in the pursuit of engaging customers with a brand that allows corporations to maintain steady sales levels or increase it.

CRM allows sharing and maximizing the knowledge of clients to understand their needs and anticipate them.

5 0
4 years ago
During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manuf
Yanka [14]

Answer: Credit to manufacturing overhead of $67000.

Explanation:

The journal entry to record the application of Manufacturing Overhead to Work in Process would be:

Debit Work in Progress $67000

Credit Manufacturing overhead $67000.

( To record the application of manufacturing overhead to work in process).

5 0
3 years ago
Other questions:
  • Farmer Jones is producing wheat, and must accept the market price of $6.00 per bushel. At this time, her average total costs and
    10·2 answers
  • A(n) ________ refers to the first public offering of a corporation's stock.
    11·1 answer
  • Which was not a response taken during the hoover administration in an attempt to turn the economy around?
    10·1 answer
  • Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The comp
    9·1 answer
  • At the Sol Wave House hotel, located on the beautiful island of Majorca, Spain, a Twitter concierge stays in constant contact wi
    9·1 answer
  • Go to the internet and find a news article published within the last month that discusses changes in demand and supply of partic
    15·1 answer
  • Bucknum Boys, Inc., produces hunting gear for buck hunting. The company’s main production departments are Molding and Finishing.
    13·1 answer
  • In order to qualify as a REIT, A) at least 90% of the assets must be invested in real-estate related assets. B) a mortgage REIT
    15·1 answer
  • the 2010 federal budget for the united states includes spending $164 billion to pay interest on the national debt. if this amoun
    15·1 answer
  • What is a possible use for a genetic fingerprint? i. to identify is someone was present at a crime scene. ii. to identify if two
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!