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3 years ago

What is the four international payment method

1 answer:

8 0

Answer: Wire Transfer. An international wire transfer is the most secure and preferred method for exporters to receive payment in advance. ...
Credit Card. ...
Escrow Service. ...
Payment by Check. Payment Methods
Option 1: Credit card.
Option 2: Check.
Option 3: Wire transfer.
Option 4: Cash. To make an international payment, you must have:
the details of the person receiving the payment, including their name and address.
their International Bank Account Number (IBAN) or account number.
the name, address and Bank Identifier Code (BIC) of the bank receiving the funds.
a card reader.
Traditional payment systems include negotiable instruments such as drafts (e.g., cheques) and documentary credits such as letters of credit. ... This includes debit cards, credit cards, electronic funds transfers, direct credits, direct debits, internet banking and e-commerce payment systems.

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The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts ex

Gnom [1K]

Answer:

The adjusting entry which is to be recorded is shown below:

Explanation:

The adjusting entry which is to be recorded is as:

Bad Debt Expense A/c..................................... Dr $14,740

Allowance for Doubtful Accounts A/c...............Cr $14,740

As the company records the bad debt expense at the end of the present year

Working Note:

As the company used the percent of receivables sales

Amount = Accounts receivables × Percentage of ending receivable

= $446,000 × 3.0%

= $13,380

Bad debt expense amount = Amount - Debit balance of allowance for doubtful accounts

= $13,380 + $1,360

= $14,740

5 0

3 years ago

Suppose you invest today and receive in five years. a. What is the internal rate of return (IRR) of this opportunity? b. Suppo

denpristay [2]

Answer:

the numbers are missing, so I looked for a similar question:

investment today = $3,000
receive $10,250 in 5 years

a) I will use the future value formula to determine the internal rate of return:

future value = present value x (1 + r)ⁿ

future value = 10,250
present value = 3,000
n = 5

10,250 = 3,000 x (1 + r)⁵

(1 + r)⁵ = 10,250 / 3,000 = 3.4166667

⁵√(1 + r)⁵ = ⁵√3.4166667

1 + r = 1.27855826

r = 0.27855826 = 27.86%

b) assuming a $3,000, 27.86%, 5 year annuity, the annual payment will be:

annual payment = principal / FV annuity factor, 27.86%, 5 periods

principal = $10,250
PV annuity factor, 27.86%, 5 periods = 8.67633

annual payment = $10,250 / 8.67633 = $1,181.38

8 0

4 years ago

Oriole Company purchased equipment for $41600. Sales tax on the purchase was $2496. Other costs incurred were freight charges of

Aleksandr [31]

Answer:

The cost of the equipment is <u>$45,416</u>.

Explanation:

The cost of a newly purchased equipment is the addition of all relevant costs uncured in order to make the equipment ready for use.

The cost of the equipment includes costs such as purchase price, tax paid on the purchase, installation costs, etc.

However, any cost incurred to repair any damage to an equipment during installation is not part of equipment cost. Such repair costs are just ordinary expenses that are charged to the income statement during the period.

Based on the explanation above, the cost of the equipment by Oriole Company can be calculated as follows:

Equipment cost = Purchase price + Sales tax + Freight charges + Installation costs ..................... (1)

Since,

Purchase price = $41,600

Sales tax on the purchase = $2.496.

Freight charges = $624

Installation costs = $696.

Substituting the values into equation (1), we have:

Equipment cost = $41,600 + $2,496 + $624 + $696 = $45,416

Therefore, the cost of the equipment is <u>$45,416</u>.

5 0

3 years ago

Your total lottery winnings are actually worth ______________ more than the same amount as less than $20,000 to you today.

ozzi

Answer:

Your total lottery winnings are actually worth __$10,000____________ more than the same amount as less than $20,000 to you today.

Explanation:

My total worth today is $ 10,000

My present worth today is less than $20,000 by $10,000

Hence, the lottery amount is more than by amount X which is equal to the difference between $20,000 and My total worth in present times

$20,000 - $10,000 = $10,000

4 0

3 years ago

Which financial market is the stock market a part of?

Fudgin [204]

Answer:

It is a capital market.

3 0

3 years ago

What is the four international payment method​

What is the four international payment method