1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Ritchie orders 1000 widgets from Cunningham Widget Co. The widgets are stored in Al's Warehouse. Under the contract, CWC is requ
Aleks [24]

Answer:

when CWC gives Richie a warehouse receipt for the widgets

Explanation:

3 0
3 years ago
he 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6 million, and the 2018 balance sheet showed long
Cerrena [4.2K]

Answer:

The firm’s 2018 operating cash flow, or OCF is  $1,470,000

Explanation:

For computing the operating cash flow, we have to use the formula of cash flow from assets which is shown below

= Operating cash flow - net capital spending - changes in working capital

where,

cash flow from assets = cash flow to creditors + cash flow to shareholders

                                     = $5,000 + $60,000

                                     = $65,000

And, the other item would remain same

Now put these values to the above formula  

So, the value would equal to

$65,000 = Operating cash flow - $1,450,000 - (-$85,000)

$65,000 = Operating cash flow - $1,450,000 + $85,000

So, the operating cash flow = $1,470,000

5 0
3 years ago
Browning's has a debt-equity ratio of .47. what is the equity multiplier?
jek_recluse [69]

A. 1.47

Have a good night


4 0
2 years ago
If the natural rate of unemployment is 5%, and the actual rate of unemployment is 4%: a the short-run Phillips curve will shift
fiasKO [112]

Answer: d. inflation will increase.

Explanation:

The Natural rate of unemployment is the long term rate of unemployment which means that it is the rate associated with the Potential GDP.

If the Actual unemployment is less than this natural rate, it means that the Economy is performing better than the potential GDP. When this is happening, it means that the economy is overheating.

One of the symptoms of an overheated economy is increased inflation as more people can afford to buy goods and services. Inflation is therefore more probably rising in this economy.

3 0
2 years ago
Daphne, a victim of identity theft, can’t currently qualify for a loan but wants to buy her friend’s condo for $90,000. She coul
stiks02 [169]

Answer:

<em>an option agreement. </em>

Explanation:

The <em>option agreement</em> in the arena of financial derivatives <em>is a contract between two parties that gives one party the right, but not the obligation, to buy an asset from the other party or to sell an asset to the other</em>.

It outlines the agreed-upon price and the transaction's future date.

8 0
3 years ago
Other questions:
  • Hutter corporation declared a $0.50 per share cash dividend on its common shares. the company has 25,000 shares authorized, 12,0
    14·1 answer
  • On January 1, 2018, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,00
    14·1 answer
  • On December 31, 2020, Pronghorn Inc. has a machine with a book value of $1,372,400. The original cost and related accumulated de
    7·1 answer
  • KidsCause, a metropolitan outreach organization that collects and donates toys for needy children, buys airtime onWXXY (a local
    14·1 answer
  • Read the U.S. Constitution. Did our founding fathers do a good job in shaping the laws of the land? Explain.
    11·1 answer
  • You are considering investing $1,000 in a complete portfolio. The complete portfolio is composed of Treasury bills that pay 5% a
    9·1 answer
  • In the month of November, Oriole Company Inc. wrote checks in the amount of $10,410. In December, checks in the amount of $11,07
    15·1 answer
  • Calculate the future value of $7,000 in four years at an interest rate of 8% per year.
    5·1 answer
  • Practices that reduce competition without actual documented agreements between firms to raise price are commonly referred to as
    14·1 answer
  • the four key problem-solving steps occurring during the agreement stage: brainstorm as many solutions as possible, develop an ac
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!