The letter of credit is the financial document which tells that a bank will pay a specified sum of money to a beneficiary
Letter of credit is also called documentary credit or bankers commercial credit.
The financial document called "Letter of credit" is a a letter written by a financial institution which authorizing another institution to pay someone a sum of money.
This document is usually a mode of payment used for the importation of visible goods.
In conclusion, the document called "letter of credit" is the financial document which tells that a bank will pay a specified sum of money to a beneficiary
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Answer:
It is <u>safer</u> for a company to issue equity than debt
It is <u>riskier</u> for an investor to buy equity in a company than debt in the same firm
Explanation:
If company issues debt that it has to make fixed interest payments, thus even if company is making losses, it has to pay interest which is not in case of equity. Hence, it is riskier option for the company to raise debt.
On the other, if investor in debt, then he will get fixed interest, thus debt option is relatively cheap than equity for investor
Answer:
$50
Explanation:
Marginal costs refer to the additional expense incurred in the manufacturing of one more unit of a product. It is the incremental cost associated with producing an extra unit of a good.
The formula for calculating marginal cost is,
MC = change in cost/ Change in quantity
in this case:
MC = $1550 - $ 1500
26-25
MC = $50/1
Marginal costs= $50
Answer:
Profit
Explanation:
Profit goals is very essential in business in order to meet the set target. It is important to set a profit goals under to have a good returns for the business as well as the investors involved, it gives an insight to device the best strategy for great returns financially. theoretically, profit goals= summation of all sales / Units of sales
It should be noted that Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set profit goals.
Answer:
The answer is: D) All of the above are correct.
Explanation:
A) The state beach will tend to be overused because it is a public good that cannot exclude anyone from using it.
B) The state beach is a direct competition to other public or private beaches when it is used by the general public, since only one can be used at a given point in time.
C) The state beach is a common resource because it provides users with tangible benefits.
