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svetoff [14.1K]
2 years ago
12

the document that states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentatio

n of particular, specified documents is called the
Business
1 answer:
yuradex [85]2 years ago
3 0

The letter of credit is the financial document which tells that a bank will pay a specified sum of money to a beneficiary

Letter of credit is also called documentary credit or bankers commercial credit.

The financial document called "Letter of credit" is a a letter written by a financial institution which authorizing another institution to pay someone a sum of money.

This document is usually a mode of payment used for the importation of visible goods.

In conclusion, the document called "letter of credit" is the financial document which tells that a bank will pay a specified sum of money to a beneficiary

Read more about letter of credit

<em>brainly.com/question/15837848</em>

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What is the best organization pattern for an informative speech on how to build a first-class personal computer for less than ha
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Answer:

The correct answer is chronological division.

Explanation:

A chronological order is an order established based on a temporal sequence. The expression is often used to account for real historical events or fictional narratives where events are presented in a virtual temporal order. In an order of this caliber, different facts are expected to be presented in a serial relationship where time divided into past, present and future is the determining factor. For the human mind, the use of a chronological order is important to establish causal relationships, to make phenomena discernible and understandable; indeed, presenting situations in a disorderly manner would make a story a chaotic succession difficult to understand.

8 0
3 years ago
Suppose a third firm enters the market. If they all don't cheat, then they split the profits three ways so that each firm gets 2
dmitriy555 [2]

Answer: Harder to sustain cooperation

Explanation:

When the number of firms in an oligopolistic market increases as is the case here, cooperation becomes harder because profits become smaller so companies start to become more selfish.

Also in this scenario, the cheating firm has the incentive to do so because the profit is so much higher than sharing so companies will always be looking to cheat in order to make this profit. The other firms would reply by reducing prices and all of them would suffer.

7 0
3 years ago
"other things being​ equal, which market structure would produce the least output and the highest average product​ price
weqwewe [10]

Answer:

The answer is monopoly.

Explanation:

Monopoly is a market type where there is only one producer that is capable of manufacturing a certain product. In this type of market, the producer is capable of producing the smallest amount of products and setting the price that the consumers should pay to purchase the product. The former is possible mainly because the company is capable of knowing how many products do they need to manufacture to achieve the target profit – their sales projection tends to be more accurate than other companies that operate in a different market type.

5 0
3 years ago
Ken, a transaction broker, worked with both the buyer and seller in the sale of a home. The sale went well and it closed on time
vovangra [49]
Ken, the agent, violated the law of agency  
In this particular instance, when Ken told the the buyer that the seller would take a lower price than what was on the listing in order to close the sale faster and then told the buyer exactly which price they should offer, Ken, who is the agent, has now violated the law of agency
6 0
3 years ago
Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first qu
rosijanka [135]

Answer:

Option (a) is correct.

Explanation:

For February,

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= 25% of February

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= $22,250

Ending inventory would have been:

= 25% of March

= (25% × $59,000)

= $14,750

Hence,

Cost of goods sold = Opening inventory + Purchases - Ending inventory

$89,000 = $22,250 + Purchases - $14,750

Purchases = $89,000 + $14,750 - $22,250

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Therefore, the budgeted purchases of inventory in February Year 2 would be $81,500.

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3 years ago
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