The Given Statement is TRUE. Banks helped international trade by allowing merchants access to money in different locations.
<h3>
What is International Trade?</h3>
International Trade is the exchange of goods and services across international borders. It usually comes with additional risks caused by changes in exchange rates, government policies, laws, judicial systems, and financial markets.
International trade drives a country’s growth. Import-export figures are one of the top contributors to a country’s gross domestic product. Thus, every country tries to strengthen its global trade relationships with world leaders.
<h3>What is the role of the banks in International Trade?</h3>
Banks facilitate international trade by providing financing and guarantees to importers and exporters. While access to external funds is important for domestic production, it is especially important for exporting firms.
<h3>What did a Merchant do?</h3>
Merchants were those who bought and sold goods, while landowners who sold their own produce were not classed as merchants.
Thus, we can conclude that the above statement is TRUE.
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Answer:
DSO is 50.34 days and late payment by 5.34 days
Explanation:
In this question, we use the day's sales outstanding formula which is shown below:
Days sales outstanding = (Accounts receivable ÷ Net credit Sales) × total number of days in a year
= ($60,000 ÷ $435,000) × 365 days
= 0.1379 × 365 days
= 50.34 days
Now, the customer paying early or late equals to
= DSO - Credit period
= 50.34 days - 45 days
= 5.34 days
The amount indicates a positive answer which reflects the late payment
Answer:
B. $9
Explanation:
Assets value = $500 million
Liability value = $50 million
Use following formula to calculate NAV
Net Assets value = Assets value - Liability value
Net Assets value = $500 million - 50 million
Net Assets value = $450 million
Net Assets value = $450 million / 50 million
Net Assets value = $9 per share
So, the correct option is B. $9.
