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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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If the world price of textiles is higher than Vietnam’s domestic price of textiles without trade, then Vietnam Select one: a. ha
olya-2409 [2.1K]

Answer:

has a comparative advantage in textiles.

Explanation:

Comparative advantage occurs when a particular country has the capability to produce a particular product at a lower cost than any other country.

If a country is capable of producing a particular product at a reduced cost this will lead to an increase in demand for such product thereby leading to an increase in the revenue.

Vietnam has a comparative advantage in the production of textiles because they are able to produce it at a low opportunity cost.

4 0
3 years ago
Read 2 more answers
What interest rate (the nearest percent) must charlie earn on a $406000 investment today so that he will have $1144000 after 12
KonstantinChe [14]

Answer:

The statement is true

Explanation:

6 0
2 years ago
A company made an error in calculating and reporting amortization expense in 2015. the error was discovered in 2016. the item sh
Reil [10]

The item should be reported as a prior period adjustment: On the 2014 statement of retained earnings. 

To add, depreciation<span> <span>is the process by which a company allocates an asset's cost over the duration of its useful life. Every time a company prepares its economic statements, it records a </span>depreciation expense<span> to allocate a portion of the cost of the buildings, machines or equipment it has purchased to the current fiscal year</span>.</span>

8 0
3 years ago
Outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs
Charra [1.4K]

Complete Question:

Outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs, and access to airport lounges. This serves to

Group of answer choices:

A. increase competition.

B. expand the profit pool.

C. provide better customer service.

D. satisfy regulators

Answer:

B. expand the profit pool.

Explanation:

Outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs, and access to airport lounges. This serves to expand the profit pool.

Generally, all business entities are typically set up to generate revenues by engaging or increasing the number of services being offered to potential customers and as a result of this, make more money or profits.

In this scenario, the airline company has diversified its portfolios through the provision of services centered around the transport or logistics business such as use of credit cards as a means of payment by the customers, use of airport lounges as relaxation spot, waiting area and use of frequent-flyer programs as a form of advert in the airport or on board.

4 0
3 years ago
employees at between the rounds pleased that the company is fair to all employees regardless of their age gender
amid [387]

It is accurate to say that Between the Rounds has a positive diversity climate

<h3>What is diversity climate?</h3>

The extent to which employees believe that the policies, practices, and procedures of a diverse organization communicate a strong commitment to fostering and maintaining diversity and inclusion.

A positive diversity climate is one in which employees believe that their diverse characteristics are valued and do not impede their advancement. It is also a climate in which management actively promotes diversity.

Diversity entails a wide range of people from various racial, ethnic, socioeconomic, and cultural backgrounds, as well as a wide range of lifestyles, experiences, and interests. Having a diverse range of people and points of view represented in the department. Diversity is defined as a collection of people who are all different in the same place.

To know more about diversity climate follow the link:

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7 0
2 years ago
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