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jeka94
3 years ago
11

Our company sold a batch of goods by way of letter of credit. Due to problems during the loading, most of the goods were loaded

on October 12, and the rest of them could not be shipped until October 16. However, the latest date of shipment stated in the credit was October 15. How could we solve this problem?​
Business
1 answer:
Lana71 [14]3 years ago
8 0

Answer:

The Uniform Customs and Practice for Documentary Credits (UCP) is published by the International Chamber of Commerce and was revised in 1993 and put into use January 1, 1994. The purpose of the UCP is to clarify gray areas that may appear in a letter of credit and to help banks interpret conditions in the letter of credit in a consistent manner.

However, as anyone who has ever worked with a letter of credit knows, there is plenty of disagreement between all parties concerned. Banks, account parties, and beneficiaries can all disagree about what complies and what does not comply when the shipping documents are checked against the terms of the letter of credit.

Sometimes the UCP just doesn’t clarify a situation the way you think it should. After all there is a huge difference between the words “will” and “may.” For instance: “Banks will accept…” versus “Banks may accept….” One is definite and the other appears to be open to interpretation. It’s not surprising confusion results.

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kvv77 [185]

Answer:

The correct answer is letter "A": Erik.

Explanation:

Unemployment occurs when a person actively looking for work can not find a job. The most frequently cited indicator of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of employees in the labor force.

Thus, <em>Erik can be considered unemployed since he is volunteering at school, meaning he is not earning any compensation for that, and he is actively looking for a job even if he has not been able to find one yet.</em>

8 0
3 years ago
How do banks create money? banks create money by ______. a. printing more $20 bills b. making loans c. sending out credit cards
Anestetic [448]

Banks create cash by using lending extra reserves to buyers and businesses. This, in turn, finally provides greater to money in circulation as dollars are deposited and loaned again.

The Fed does not really print money. This is treated through the Treasury Department's Bureau of Engraving and Printing.

<h3>How is money created in the economy?</h3>

Most of the money in our economy is created by using banks, in the form of financial institution deposits – the numbers that show up in your account. Banks create new money each time they make loans. 97% of the money in the financial system today exists as financial institution deposits, at the same time as simply 3% is physical cash.

<h3>How do commercial banks create money?</h3>

Commercial banks make cash through imparting and earning activity from loans such as mortgages, auto loans, business loans, and personal loans. Customer deposits provide banks with the capital to make these loans.

Learn more about creating money here:

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3 0
2 years ago
Under the Fair Labor Standards Act (FLSA), the overtime pay for workers is a rate that is lower than the minimum wage. decided b
bezimeni [28]

Answer:

a rate not less than one and one-half times the employee's regular rate of pay.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

The Fair Labor Standards Act is a labor law of the United States of America that was authored by Ellen C. Kearns. This labor law is applicable to all employees working in the private sector, local, state and federal government agencies or civil service. It was first published in 1938 and has since then be amended on several occasions.

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I. Minimum wage.

II. Restrictions on child labor.

III. Overtime pay.

An overtime pay can be defined as an amount of money that is earned by an employee for working extra hours above the normal work period or working hours.

Under the Fair Labor Standards Act (FLSA), the overtime pay for workers is a rate that shouldn't be less than one and one-half times the regular rate of pay being received by an employee.

4 0
4 years ago
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tatuchka [14]
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But still, the upper economic class in those nations still ruled by local monarchs from thsoe countries.</span>
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3 years ago
Which of the following is not an example of a digital transaction?
gladu [14]
Pretty sure it’s B since Marcos is using cash
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