The letter of credit is the financial document which tells that a bank will pay a specified sum of money to a beneficiary
Letter of credit is also called documentary credit or bankers commercial credit.
The financial document called "Letter of credit" is a a letter written by a financial institution which authorizing another institution to pay someone a sum of money.
This document is usually a mode of payment used for the importation of visible goods.
In conclusion, the document called "letter of credit" is the financial document which tells that a bank will pay a specified sum of money to a beneficiary
Read more about letter of credit
<em>brainly.com/question/15837848</em>
The two requirements of supply that someone must meet in order to be considered a producer are the following:
1. the willingness to supply a product or service
2. the ability to supply a product or service
Without these two, you don't have what it takes to become a producer. But if you have the means to support your company, and the wish to do so, there's nothing stopping you.
The better the IRR, the better. but, a corporation may additionally decide on a mission with a decreased IRR as it has other intangible advantages, together with contributing to a larger strategic plan or impeding competition.
Solution:
NPV of Project S= -$1,000 +$895.03/(1+10.5%) + $250//(1+10.5%)^2 +$10//(1+10.5%)^3 +$5//(1+10.5%)^4 =25.49320776
IRR of Project S= -$1,000 +$895.03/(1+r%) + $250//(1+r%)^2 +$10//(1+r%)^3 +$5//(1+r%)^4 =0
IRR =12.80%
NPV of Project L = -$1,000+ $5/(1+10.5%) +$260/(1+10.5%)^2 + $420/(1+10.5%)^3 + $802.50/(1+10.5%)^4
=$67.01
IRR of Project L=
-$1,000+ $5/(1+r%) +$260/(1+r%)^2 + $420/(1+r%)^3 + $802.50/(1+r%)^4 =0
IRR =12.700%
Project L is better than Project S since L has higher NPV
IRR of Project L is 12.7%.
Learn more about IRR here:-brainly.com/question/28428807
#SPJ4
Answer:
$4,332.89
Explanation:
The adjusted reconciled checkbook balance will include:
checkbook balance $2,210.55
+ bank collect note $2,000.00
- fee for collecting the note ($5.00)
+ earned interest $42.33
+ difference in recording a check $400 - $300 = $100
<u> - banking service charge ($14.99) </u>
total = $4,332.89
Answer:Gundy Enterprise journal $
Date
Jan 31 2021
Income statementl Dr 641.67
Mortage Interest. Cr. 641.67
Recognition of interest payable on mortgage loan for December 2021
Jan 31 2021
Mortgage principal Dr 635.52
Mortgage interest Dr. 641.67
Bank Cr. 1277.19
Narration.payment of principal and interest Interest due on mortgage loan as at January 31 2021.
Explanation:
The monthly installment payments of $1277.19 consist of both the principal sum and accompanying monthly interest.
The interest needs to be first recognized as an expenses into the income statement and increase in the mortgage loan. This will prevent an over deduction on the mortgage loan.
