The Export-Import Bank finances the export activities of companies in the United States and offers insurance on foreign accounts receivable.
<h3>Export-Import Bank</h3>
- A federal organization called the Export-Import Bank of the United States (EXIM) offers a range of resources to support the export of American products and services.
- The Bank's goal is to finance the selling of American exports to foreign customers in order to create and maintain jobs in the United States.
- EXIM provides solutions like buyer financing, export credit insurance, and working capital access to American exporters and their clients.
- Second, EXIM offers buyer finance to match or compete with the financing provided by over 96 ECAs throughout the world when U.S. exporters face foreign competition supported by other governments.\
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Answer:
The cost of the land that should be recorded by Coronado Industries is $1,492,860.
Explanation:
Cost of Land = Purchase Value + Cost Incurred to Tear Down 2 Buildings - Salvage + Legal Fees + Title Insurance Cost + Assessment Cost
Cost of Land = $1,350,000 + $116,000 + $8,300 + $5,160 + $3,500 + $9,1900
Cost of Land = $1,492,860
Thus, the cost of the land that should be recorded by Coronado Industries is $1,492,860
Answer:
12
Explanation:
Calculation to determine the marginal product of adding the 4th worker
Using this formula
MP=ΔTPΔL
Let plug in the formula
ΔTP=57−45
ΔTP=12
Therefore The marginal product of adding the 4th worker is 12 sandwiches.
Answer:
The amount that Cullumber should report as its December 31 inventory is $543000.
Explanation:
FOB shipping point means the purchaser gains title to the merchandise at the shipping point, so when Pelzer shipped the goods, they belonged to Stallman.
**FOB destination means the seller maintains title until the merchandise reaches its destination, so since the goods have not reached their destination, the goods still belonged to Stallman
inventory on december 31 = inventory on december 31 + goods in transit purchased FOB shipping point + goods in transit sold FOB destintion
= $514,000 + $7,000 + $22,000
= $543000
Therefore, The amount that Cullumber should report as its December 31 inventory is $543000.
Answer: The correct answers are 1). B. Segregation of duties
2).A. Establishment of responsibility 3). C. Physical control devices
4). B. Segregation of duties 5). D. Documentation procedures 6). E. Independent internal verification 7). F. Human resource controls
Explanation: Internal controls is a system that promotes effectiveness and efficiency, reduces risks of asset loss, ensures the reliability of financial statements and compliance with laws and regulations.
Internal control principles include; Segregation of duties; Establishment of responsibility; Physical control devices; Segregation of duties; Documentation procedures; Independent internal verification and Human resource controls.