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ludmilkaskok [199]
3 years ago
9

ROC Engineering, a Chinese shipbuilding company, agrees to build a fleet of submarines for the Sri Lankan navy, for which it wil

l be paid in the local Sri Lankan currency. As per the agreement, ROC must also spend a substantial amount of the money it generates through this deal within the country. In accordance with the contract, ROC buys Sri Lankan tea at a reduced rate. This is an example of which of the following forms of countertrade?1) offset
2) descending bid
3) barter
4) compensate deal
Business
1 answer:
emmasim [6.3K]3 years ago
6 0

Answer: offset

Explanation:

An offset is a countertrade agreement whereby a company offsets the hard currency purchase of a product that is unspecified from a particular nation in the future.

An offset involves the seller helping in marketing products that are manufactured by the buying nation or allowing part of the assembly of the exported product's to be carried out by the manufacturers in the buying nation.

Offset is common in defense, aerospace, and some infrastructure industries and it is common for larger and expensive items.

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Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $2,480

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         To Interest revenue $20

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(Being the collection of funds is recorded)

The computation of interest receivable is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $2,400 × 10% × (3 months ÷ 12 months)

= $60

And for interest revenue would be

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $2,400 × 10% × (1 months ÷ 12 months)

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Marianna [84]
The answer would be self-discipline 

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irina [24]

Answer:

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Explanation:

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Answer:

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