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3 years ago

Under two of the incoterms® rules, ________ has to provide the importer with a certificate of insurance.

Business

1 answer:

Dovator [93]3 years ago

3 0

<span>"The exporter"</span> has to provide the importer with a certificate of insurance.

The Incoterms rules are standard arrangements of exchanging terms and conditions intended to help merchants when merchandise are sold and transported. Each Incoterms rule determines: the commitments of each gathering like who is in charge of administrations, for example, transport; import and fare leeway and so on.

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What objectives of internal controls are of primary interest to an auditor performing a financial statement audit?

Fittoniya [83]

objectives of controls are of primary interest to an auditor performing a financial statement audit--- Accurate and reliable financial reporting.

What are the primary objectives of internal control?

The primary purpose of internal controls is to help safeguard an organization and further its objectives. Internal controls function to minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws.

What are the 5 internal controls in auditing?

There are five interrelated components of an internal control framework: control environment, risk assessment, control activities, information and communication, and monitoring.

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8 0

1 year ago

Ben is saving 1/5 of his weekly pay to buy a car Write and solve an equation to find what weekly pay w results in savings of $61

creativ13 [48]

Answer: X=$307.50

Given:

Ben’s savings weekly = $61.50

It is 1/5 or 20% of his weekly savings

To find Ben’s weekly pay in $

Let X= Ben’s weekly pay in $

To solve, we use the equation

1/5X=61.50

.20X=61.50

X=61.50/.20

X=$307.50

8 0

3 years ago

On January 1, 2020, Cougar Sales, Inc. issued $15,000 in bonds for $14,700. They were 6-year bonds with a stated rate of 9%, and

PSYCHO15rus [73]

Answer:

$700

Explanation:

If a bond is issued at a lower price than the face value of the bond, then the bond is issued on the discount. This discount is amortized over the bond's life. This amortization will be expensed as Interest Expense.

Discount = Face value - Issuance price = $15,000 - $14,700 = $300

Bond's Life = 6 years

Amortization of discount = $300 / 6 = $50 annually = $25 semiannually

Coupon Payment = Face Value x coupon Rate = $15,000 x 9% = $1.350 annually = $675 semiannually

Interest Expense Includes both the coupon payment and discount amortization for the period.

Interest Expense = $675 + $25 = $700

4 0

2 years ago

After learning more about implied warranties and disclaimers, would you ever buy an item sold "as is"? Imagine a car salesman wh

atroni [7]

Answer:

one should go to buy a car for $8000

Explanation:

given data

car = $8,000

price down = $6,500

solution

As here Implied Warranty is the sale contract environment oral or written that provides some assurance that the products sold are suitable for trade and purpose. It arises from the operation of the law.

Disclaimer is a statement that order are used to prevent the creation of a warranty or contract.
After learning about the implied warranty and disclaimer, I was not going through the items sold.
For someone who does not offer special consumer protection, they should go to buy a car for $8000.

7 0

3 years ago

Here I Sit Sofas has 7,100 shares of common stock outstanding at a price of $94 per share. There are 600 bonds that mature in 30

Zinaida [17]

Answer:

Weight of debt = 57.83 %

Explanation:

given data

number of shares = 7,100

price = $94 per share

number of bonds = 600

mature time = 30 year s

coupon rate = 6.8 percent

bonds par value = $2,000

sell = 108.5 percent

stock outstanding = 6,000 shares

stock outstanding price = $47 per share

to find out

capital structure weight of the debt

solution

first we get here Equity market value that is express as

Equity market value = number of shares × price per share

Equity market value = 7100 × $94

Equity market value = $667,400

and

current debt value will be here as

current debt value = number of bonds × price per bond

current debt value = 600 × (1.085 × 2000)

current debt value = $1,302,000

and now Preferred stock value will be

Preferred stock value = stock outstanding × stock outstanding price

Preferred stock value = 6,000 × $47

Preferred stock value = $282000

and total capital will be as

Total capital = Equity market value + current debt value + preferred stock value ..................1

put here value

Total capital = $667,400 + $1,302,000 + $282000

total capital = $2251400

so here Weight of debt will be

Weight of debt = debt value ÷ total capital ..............2

Weight of debt = $\frac{1,302,000}{2251400}$

Weight of debt = 0.578306

Weight of debt = 57.83 %

6 0

3 years ago