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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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A pharmaceutical company announces that it has received Food &amp; Drug Administration (FDA) approval for a new allergy drug tha
Natali [406]

Answer:

b. The stock price will not change, because the market had already incorporated the information about the FDA approval announcement in the stock price.

Explanation:

If the markets are strong form efficient, it means the consensus of the market related to future impact of FDA approval on earnings would be correct, the stock price of today correctly estimates the future earnings, and therefore the stock price would not change when the earnings are released.

3 0
3 years ago
Changes in an individual's behavior resulting from previous experiences is:
Nina [5.8K]

Changes in an individual's behavior resulting from previous experiences is: Learning.

<h3>What is learning?</h3>

This can be described as the changes that are evident in a person as a result of instructions that they received.

Learning is only said to have taken place when there is a difference between what was and what now exists.

Read more on learning here:

brainly.com/question/14591988

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6 0
2 years ago
The average of a company's cost of equity, cost of preferred, and aftertax cost of debt that is weighted based on the company's
kotykmax [81]

Answer: Option D

                                         

Explanation: In simple words, weighted average cost of capital refers to the   amount of return that the investors of a company are expecting. It includes all the security holders of the company and calculates the rate as per the weights that are applicable in the target capital structure.

   Weighted average cost of capital is of high importance as it helps an organisation to clearly evaluate and analyze its current financial situation and if they need to change their existing capital structure.

A high WACC calls for higher profits as company has to make sure that security holders gets their returns and vice versa.  

3 0
4 years ago
fter working for 25 years as personal fitness trainers while raising their​ kids, three sisters cashed in a total of ​$120 comma
charle [14.2K]

Answer:

They are currently earning an economic profit of $1,600 per year

Explanation:

Economic profit = total revenue - accounting costs - opportunity costs

in this case:

opportunity costs = interest earned by their bond investment + the salaries of the three sisters = ($120,000 x 7%) + ($35,000 x 3) = $8,400 + $105,000 = $113,400

accounting costs = $25,000

total revenue = $140,000

Economic profit = $140,000 - $25,000 - $113,400 = $1,600

8 0
4 years ago
What is insurance????????
VLD [36.1K]

Answer:

it is when you can go to the doctors and you have to pay 1,000

Explanation:

7 0
3 years ago
Read 2 more answers
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