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yKpoI14uk [10]
3 years ago
14

When comparing a letter of credit and a banker's acceptance for financing international business transactions, a letter of credi

t
a. pays a specified amount if certain conditions are met. Conversely, a banker's acceptance represents an unconditional promise to pay
b. provides financing directly between buyers and sellers in different countries. A banker's acceptance provides an arrangement in which a bank serves as a broker taking title to the goods.
c. provides payment anywhere in the world. A banker's acceptance pays in areas in which the bank has a branch.
d. requires both the buyer and seller to deal in the same currencies. A banker's acceptance provides for currency exchange.
Business
1 answer:
Arturiano [62]3 years ago
6 0

Answer:

The answer is A.

Explanation:

A letter of credit is a promise given by an issuing bank at the request of its customer in which the bank promises to pay the beneficiary the states amount within a specified period of time. It has three elements – the beneficiary/seller, the buyer/applicant and the issuing bank.

While A banker's acceptance is a short term instrument given by a bank that obligates itself to make a payment at a later date. It is like a post-dated check.

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During an ice storm a limb falls off a tree and hits your windshield shattering it.<br>​
Firlakuza [10]

Answer:

what's the question?

Explanation:

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6 0
4 years ago
An engineer wants to contribute $5,000 per year to her retirement account out of her year-end bonus. However, she just got out o
PSYCHO15rus [73]

Answer:

The correct option is (B) $365,530.

Explanation:

In this problem we need to determine the future value, i.e. the amount at the retirement age.

The formula to commute the future value is:

\\ FV=A[\frac{(1+r)^{n}-1}{r}]

Here,

A = annual investment = $5,000

r = interest rate = 8%

n = number of periods = 25

The future value is:

\\ FV=A[\frac{(1+r)^{n}-1}{r}]\\=5000\times[\frac{(1+0.08)^{25}-1}{0.08}]\\=365529.699\\\approx365530

Thus, the amount of money the engineer will have in the account at retirement is $365,530.

5 0
3 years ago
A well insulated 3-m X 4-m X 6-m room initially at 7 degrees C is heated by the radiator of a steam heating system. The radiator
poizon [28]

Answer:

The average temperature of air in 45 minutes is 10.74°C

Explanation:

Given

Time t = 45 minutes

Initial Air Temperature, T1 = 7°C

Fan work W = 120W

Radiator Volume = V1 = 15L

Initial Steam Pressure = P1 = 200kPa

Initial Steam Temperature = Ts1 = 200°C

Final Steam Pressure = P2 = 100kPa

The radiator is our system.

We take the system as a close system.

The energy balance is given as follows

-Qout = ∆U

-Qout = m(u2 - u1)

Calculating u2

From steam table (see attachment below)

At P1 and Ts1

P1 = 200kPa, Ts1 = 200°C

u1 = 2654.6KJ/Kg

v1 = 1.08049 m³/Kg

At P2 = 100kPa,  v1 = v2

vf = 0.001043m³,   vg = 1.6941m³/kg    uf = 417.4kj/kg      ufg = 2088.2kj/kg

x2 = (v2 - vf)/(vg - vf)

x2 =  (1.08049 - 0.001043)/(1.6941 - 0.001043)

x2 = 1.079447/1.693057

x2 = 0.63757

u2 = uf + x2ufg

u2 = 417.4 + 0.63757 * 2088.2

u2 = 417.4 + 1331.374

u2 = 1748.774

Solving for m

m = V1/v1

m = 15L/1.08049

m = 0.015/1.08049

m = 0.01388Kg

So, -Qout = m(u2 - u1) becomes

0.01388(1748.774 - 2654.6)

= 0.01388 * -905.826

= -12.572

-Qout = -12.572

So, Qout = 12.572KJ

The dimensions of the room is 3 * 4 * 5.

The mass and volume of air in the room is given by

Volume = 3 * 4 * 6 = 72m³

Mass = P * V/RT

Where R = Gas Constant = 0.287

T = T1 = 7°C = 273+ 7 = 280K

P = P2 = 100kPa

Mass = (100 * 72)/(0.287 * 280)

Mass = 7200/80.36

Mass = 89.597Kg

The amount of work is defined by

Work = Fan work W * Time t

Work = 120 * 45 minutes

Work = 120 * 45 * 60seconds

Work = 324000J

Work (fan, in) = 324KJ

Taking the air in the room as the system

The energy balance is as follows

∆Energy = E(in) - E(out)

E(in) = Q(out) + W(fan,in)

E(out) = W(out)

∆Energy = ∆U

So, we have

∆U = Q(out) + W(fan,in) - W(out)

∆U + W(out) = Q(out) + W(fan,in)

∆U + W(out)  = 12.572 + 324

∆U + W(out) = 336.572

∆U + W(out) = ∆H (Change in heat energy)

This is given by mc(T2 - T1)

Where m = 89.597kg

c = specific heat of air at constant pressure = 1.005

T1 = 7°C

Substituting in these values, we have

336.572 = 89.597 *1.005 (T2 - 7)

=> 336.572 = 90.044985(T2 - 7)

T2 - 7 = 3.74

T2 = 3.74 + 7

T2 = 10.74°C

8 0
4 years ago
Variable costing treats fixed overhead cost as a period cost. <br> a. True <br> b. False
LenaWriter [7]
True. Variable costing treats fixed overhead cost as a period cost. 

A variable cost changes with the number of units that are put out.
Overhead cost (which is ongoing) refers to what it takes to run the business or product the product. 
A period cost refers to a cost that is linked over time for a transaction, not constant. 
4 0
4 years ago
Which one of the following statements regarding closed-end mutual funds is false? Multiple Choice The funds always trade at a di
drek231 [11]

Answer:

The answer is A. funds always trade at a discount from NAV and redeem shares at their net asset value

Explanation:

Closed-end mutual fund is the type of fund in which there is no new Investment money. The number of outstanding shares in this fund does not change. Closed-end fund can either sell for a premium or discount to net asset value depending on the demand for the shares.

Shares of open-end fund are redeemed are their net asset value and not closed-end fund.

5 0
3 years ago
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