Importers' bank usually issues a ________ to importers in international transactions.

1 answer:

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Importers' bank usually issues a letter of credit to importers in international transactions.

A letter of credit is issued by a bank, most common from another country, to guarantee the payment to be made under agreeable circumstances. This is a way to ensure and product the two people doing business that one will get the items and one will be paid for them.

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Costs that can be easily and conveniently traced to a specific product are called ______ costs.

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Answer:

A direct cost

Explanation:

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You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be _____.

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You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be less than $5.
Hope it helps.

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2 years ago

Harrod Company paid $4,800 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The b

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Answer:

Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.

Explanation:

The journal entry is given below

Insurance expense A/c Dr $2,400

To Prepaid Insurance $2,400

(Being insurance expense is recorded)

The computation is shown below:

= Insurance premium ÷ number of months × required months

= $4,800 ÷ 4 months × 2 months

= $2,400 months

The 2 months is taken from November 1 to December 31

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3. Categories of expenditures Edison and Hilary Girard live in Swarthmore, PA. Hilary's father, Kevin, lives in Sweden. For each

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Answer:

Explanation:

1. Hilary's father in Sweden orders a bottle of Vermont maple syrup from the producer's website: included in U.S exports (X) account because it produced in the U.S soil.

2. Hilary gets a new video camera made in the United States: included in Consumption (C) account.

3. Edison's employer upgrades all of its computer systems using U.S.-made parts: included in the Investment (I) account because it is capital expenditure.

4.The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore: included in government purchases (G) account because Pennsylvania repaves are paid by the state of Pennsylvania.

5 .Edison buys a sweater made in Guatemala: included in Imports (M) account because it is consumed in U.S soil but not produced there.

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2 years ago

Gunther wants to work as an elected official but does not have a bachelor’s degree. He is a passionate speaker and has a solid m

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The correct answer should be Yes, because though most Governance employees have a bachelor’s degree, it is not required.

A formal education degree is not necessary for getting a position in a governing office. His military career can be helpful since many military generals have been involved in politics because of their high rank, and he wouldn't be the first or the last military general that became a leader of a country due to their experience. He obviously has experience in the field and in working with people and if he is high ranked that also means that he can manage organizations well, so he can become an officer in a governing position if he desires to.

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2 years ago