Answer:
a) As long as the documents strictly comply with the letter of credit requirements, the bank will not have to reimburse the buyer
Explanation:
A letter of credit refers to the letter in which the bank is made a guarantee to pay the amount to a particular person by compiling the specific conditions during the exporting of goods
Since in the question, it is given that the seller has shipped the goods that are worthless i.e of no use for the buyer so in this case, the bank would not reimburse the buyer.
Therefore the correct option is A.
Answer:
Vehicle salesperson.
Explanation:
A sales commission is a percentage or a ration that a salesperson earns for each sale closed. In practice, sales commissions are used by many businesses as incentives to increase sales volumes. A salary plus commission mode of compensation means that the worker will have a fixed and regular salary, and extra pay for meeting set targets.
The vehicle salesperson will be most suited to earn the salary plus commission. This type of compensation will encourage the salesperson to explore more markets to increase sales figures. Sales performance influence profitability. The higher the sales, the better for the company.
<span>ANSWER: a
RATIONALE: Shares outstanding 530,000
Price per share $27.50
Total book common equity $5,125,000
Book value per share = Total book equity/Number of shares $9.67
Difference between book and market values $17.83</span>
Answer:
It will be reported as gain.
Explanation:
If the fair value of the net identifiable assets acquired exceeds the fair value of the consideration given (purchase cost) will be a <u>negative goodwill.</u>
It will be due to <em>"bargain purchase"</em> and the accounting records the "negative goodwill" as a gain in the income statment
Answer:
P5=48.3860
Explanation:
Santa Klaus Toys
The Price of the stock 5 years from today will be :
P5=D6/(r-g)=
D0*(1+g)^6/(r-g)
Where
D0 =3
g =3.9%
r=11.7%
Hence:
P5=3*(1+3.9%)^6/(11.7%-3.9%)
P5=3*(1+0.039)^6/(0.117-0.039)
P5=3*(1.039)^6/(0.078)
P5=3.77410/0.078
P5=48.3860
