<span>Importers' bank usually issues a time draft to importers in international transactions.
A time draft is a form of payment guaranteed by the bank to be paid but is not paid in full until after the transaction is made. This helps insure someone is going to get paid but acts as a downpayment until the delivery is finished. These are commonly used in international trade transactions to stand as a "good credit" for the importer. </span>
Answer:
The statement that “Government inputs, especially the 1825 Erie Canal and subsequent projects like the Chesapeake and Ohio Canal, created an economic advantage for the Northern states because the expense and time of moving freight dropped radically,” is True.
Explanation:
This is on the grounds that tax collection doesn't devastate the economy. Actually, they give income to the administration through which the legislature can back its improvement and government assistance ventures. In addition, burdens additionally fill in as an arrangement of salary re-conveyance for accomplishing higher fairness in an economy. What's more, in antiquated occasions refrigeration was finished utilizing ice-houses and so on.
Answer:
Wave Corporation
Balance sheet as on December 31 2018
$, Million $, Million
<u>Assets</u>
Non Current Assets
Long-term assets 43
Current Assets
Cash 50
Accounts Receivable <u> 19 </u>
Total Current Assets <u> 69 </u>
Total Assets <u> </u><u>112 </u>
<u>Equity and Liabilities</u>
Equity:
Common stock 24
Retained Earnings <u> 35 </u>
Total Equity 59
Liabilities:
Non current Liabilities
Long Term Loan note payable 30
Current Liabilities
Accounts Payable 23
Total Liabilities <u> 53</u>
Total Equity and Liabilities <u> 112</u>
Answer:
=$2,000 ($1,000 + $4,000 - $3,000)
Explanation:
Capital loss carryover is the amount of net capital losses eligible to be carried forward into future tax years.
Net capital losses = Total capital losses - Total capital gains
Net capital losses can only be deducted against ordinary taxable income up to a maximum of $3,000 in any one tax year.
Net capital losses exceeding the $3,000 threshold can be carried forward to future tax years until exhausted.
There is no limit to the number of years a capital loss can be carried over.
Answer:
D. Making the minimum payment (3% credit card balance) every month with an occasional late payment
Explanation:
Credit card debts attract a very high-interest rate. By design, the interest on uncleared balances increases rapidly. Credit cards calculate interest monthly. Any uncleared balance and the interest incurred is rolled over to the next month, where it continues attracting more interest.
The best strategy is to clear credit card debts in the month they are incurred. Late payment attracts heavy penalties. A combination of late payments and outstanding balances will make interest charges grow exponentially.
