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alexandr402 [8]
3 years ago
14

What is letter of credit?​

Business
1 answer:
Naddik [55]3 years ago
5 0

Answer:

a letter issued by a bank to another bank to serve as a guarantee for payments made to a specified person under specified conditions.

Explanation:

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competitive disadvantage

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According to my research on different business strategies, I can say that based on the information provided within the question in this scenario Mainline Ltd. has a  competitive disadvantage. This term refers to an unfavorable circumstance or condition that causes a firm to underperform in an industry. Which in this case low demand for landlines causes this.

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What is the rate at which one currency is converted to another currency called?
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A company has annual sales of $160 million, a net profit margin of 4%, and total assets of $90 million. It carries $10 million i
sasho [114]

Answer:

18.29%

Explanation:

Return on Equity is the net profit available for equity/ Total equity value.

Total equity = Total assets - Total debt

= $90 million - $55 million = $35 million

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= $160 million \times 4% = 6.4 million

Therefore, return on equity = \frac{Net\ profit\ for\ equity}{Total\ value\ of\ equity}

= \frac{6.4\ million}{35\ million} \times 100 = 18.2857

Therefore, ROE = 18.29%

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3 years ago
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