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NARA [144]
3 years ago
15

A ________ is an agreement by the person who issues the letter to pay a sum of money on receipt of an invoice and other document

s.Multiple ChoiceA. commercial bondB. letter of creditC. letter of acknowledgementD. negotiated credit instrumentE. recognizance
Business
2 answers:
RSB [31]3 years ago
6 0

Answer: The correct answer is "B. Letter of credit".

Explanation: A letter of credit is an agreement of the person who issues the letter to pay a sum of money on receipt an invoice and other documents.

Is a payment mechanism used in international trade.

Reika [66]3 years ago
6 0

Answer: B

Explanation:

Letter of credit is a document issued by a bank on behalf of someone so that payment could be made to such person, this is done with some conditions attached. Letter of credit could serve as a document for negotiation on behalf of who is to benefit from it.

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When most cars sold in the United States were produced by the Big Three auto companies, General Motors would announce its prices
photoshop1234 [79]

Answer: Price leadership    

Explanation: In simple words, under price leadership strategy the dominant firm in the industry sets the prices for their products in the first place and then after that the other competing firms sets their prices following that dominating firm.

In the given case, the general motors is practicing price leadership as they are setting the prices in the market initially which is then matched by other firms.

5 0
3 years ago
Which of the following generalizations about services is INCORRECT? options: Service facilities must be designed for good custom
ipn [44]

Answer:

Service facilities must be located close to suppliers and laborers.

Explanation:

Services, unlike products, are intangible and are not produced or delivered the same way as products are.

<u>While production facilities for products, should be located close to suppliers and laborers, this is not the case with service facilities.</u>

8 0
3 years ago
Paxton Company can produce a component of its product that incurs the following costs per unit: direct materials, $9.50; direct
mrs_skeptik [129]

Answer:

$7.50 per unit

Explanation:

Cost of buying from outside supplier = $33 per unit.

Relevant cost of making such component in-house = Direct materials+ Direct labor+ Variable overhead

= $9.50 per unit + $13.50 per unit + $2.50 per unit

= $25.50 per unit

Net incremental cost of buying the component = Cost of buying from outside supplier- Relevant cost of making such component in-house

= $33.00 per unit - $25.50 per unit

= $7.50 per unit

4 0
3 years ago
If you started with $100 in the bank and you had $200 after letting it sit there for 5 years, what would be the annual interest
Paha777 [63]

The annual interest rate is 10 %.

Annual percent fee refers to the yearly interest generated with the aid of a sum it's charged to borrowers or paid to buyers. APR is expressed as a percentage that represents the real yearly price of price range over the time period of a mortgage or profits earned on investment If a man or woman borrows hundred rupees at one rupee interest, for instance, he needs to pay one rupee hobby in keeping with month. So in twelve months, he has to pay ten rupees.

Here,

let the annual interest rate is r

new amount = $ 200

for the  compound interest formula

new amount = initial amount * (1 + r)^time

200 = 100 * (1 + r)^7

solving for r = 0.104 = 10.4 %

the annual interest rate is 10 %.

Learn more about The annual interest rate here:- brainly.com/question/2699966

#SPJ4

5 0
2 years ago
You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal
Schach [20]

Answer:

it to long to read sorry  what is it about now now

Explanation: ask someone else

4 0
3 years ago
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