Answer:
<em>Accounting is the process of recording financial transactions pertaining to a business.</em>
A. economy weakness go upward then downward hope that helps
Answer:
Gross profit will be $4
Explanation:
We have given that merchant purchased a jacket for $60
So purchased price = $60
Let the markup price is x
Now according to question selling price = x+60
Now it is given that marked up price is 25 % of the selling price
So 
X = 20
So selling price = 60+20 =80
Now there is discount of 20%
So price after discount = 
So gross profit = $64 -$60 = 4
Letter of credit that can be split up between many suppliers, each able to present their own documents for payment and allowing the trader to take his profits from the balance of the credit, is called Transferable Letter of Credit
.
Explanation:
Transferable Letter of Credit is a credit document in which the party can transfer the credit in full or partial to another beneficiary.
A transferable credit letter that enables a receiver to further pass all or part of the payment to another supplier in the chain or to some other receiver. This usually occurs when the recipient is merely a conduit to the actual supplier. Such LC allows the beneficiary to have their records, but to further pass the credit.
