A letter of credit is an escrow-like agreement between buyer's and seller's banks that guarantees payment if the seller meets the specified terms of the sale.The letter of credit (L/C) is a crucial trade finance instrument that aids importers and exporters in reducing their risk of non-payment in cross-border transactions.
The buyer's bank offers an irrevocable commitment to pay the seller's bank under the agreed-upon terms in a letter of credit transaction. A letter of credit, like other trade finance instruments, has several benefits for both importers and exporters. These benefits include risk mitigation, decreased transactional time and costs, and access to new trading partners, among others.In the case of a letter of credit, the importer's bank acts as a guarantor. It guarantees payment to the exporter if the latter meets the terms and conditions of the letter of credit. A letter of credit also reduces risk since it enables the seller to obtain payment if the buyer fails to pay or becomes insolvent. As a result, letters of credit are often employed in high-value international trade transactions, where the risk of non-payment is considerable. Overall, it can be concluded that a letter of credit is an escrow-like agreement between buyer's and seller's banks that guarantees payment if the seller meets the specified terms of the sale.
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The advertising industry was worth how much money in 1920?
$3,000
$300,0000
$3,000,000,000
$300,000,000
Answer:
3,000,000,000
Explanation:
let me now if I'm wrong
what are the primary duties of salespeople? (choose every correct answer.) multiple select question. sales support accounting services scheduling employees taking orders getting orders recruiting staff
Based on the terms provided, the primary duties of salespeople include:
1. Sales support: Salespeople provide assistance to customers, answer questions, and help them understand the products or services being offered.
2. Taking orders: Salespeople are responsible for taking customer orders, ensuring their accuracy, and processing them accordingly.
3. Getting orders: Salespeople also focus on generating new orders by identifying potential customers and presenting the products or services to them.
Salespeople do not typically handle accounting services or scheduling employees.
These duties are essential for salespeople to perform their roles effectively. Other tasks like accounting services, scheduling employees, and recruiting staff may not be directly related to their primary duties.
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What is the annual profit when the income is $200,000.00 and the expenses are $150,000.00
Answer:
╭┄┈┄────────❥Let us take the example of a company with total revenue of $200,000 and explicit costs of $150,000. Calculate the economic profit of the company if the implicit costs are $30,000. Therefore, the company earned economic profit of $20,000.
If the risk-free rate is 2.2 percent, the inflation rate is 1.9 percent, and the market rate of return is 6.8 percent, what is the amount of the risk premium on a u.s. treasury bill? multiple choice 0% 2.8% .5% 1.7% 4.3%
In this case, the risk-free rate is 2.2 percent and the market rate of return is 6.8 percent. The risk premium is therefore 4.3 percent. The risk premium on a US Treasury bill is the difference between the market rate of return and the risk-free rate.
This means that investors are willing to accept a higher yield on a US Treasury bill to compensate them for taking on the risk associated with investing in the market. The risk premium is calculated by subtracting the risk-free rate from the market rate of return, which in this case is 6.8 percent - 2.2 percent = 4.3 percent. This means that if an investor wants to buy a US Treasury bill, they will have to accept a yield of 6.8 percent, which is 4.3 percent higher than the risk-free rate of 2.2 percent.
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all of the following are preconditions for economic growth except i. property rights. ii. democracy. iii. free markets.
All of the following are preconditions for economic growth except ii. democracy.
While democracy plays a significant role in fostering the economic progress of a nation, it is not a necessary need. Without being truly democratic, many nations have seen tremendous economic progress. However, it is generally true that democratic institutions can permit more political stability and a favorable business climate, which can help encourage economic growth.
Whereas, both free markets and property rights are widely regarded as being necessary for economic growth. Secure property rights give people and businesses the assurance they need to invest in their own property and conduct business without worrying about expropriation or unfair confiscation. Free markets enable people and firms to engage in profitable transactions, manage resources wisely, and adapt in response to shifting consumer wants.
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ASSIGNMENT
The objective of this assignment is to present and report elements of Canadian Hospitality Law compared and contrasted with similar elements of Hospitality Law in the student’s country that is India .
For example, one could compare and contrast the service and sale of alcohol; torts and negligence in the hospitality sector; contract law; human rights; charter rights; court systems; government hierarchy; sources of law; civil and criminal procedure and or, any other approved element of Law.
DELIVERABLES
This report should be 2000-2500 words in length.
The objective of this assignment is to compare and contrast elements of Canadian Hospitality Law with similar elements of Hospitality Law in India. The report should be 2000-2500 words in length and can focus on various aspects such as the service and sale of alcohol, torts and negligence in the hospitality sector, contract law, human rights, charter rights, court systems, government hierarchy, sources of law, civil and criminal procedure, or any other approved element of Law.
In the report, you can start by providing an overview of Canadian Hospitality Law, explaining its key principles and regulations. Then, you can proceed to analyze the corresponding elements in Indian Hospitality Law, highlighting any similarities or differences compared to the Canadian context. This can involve discussing specific laws, regulations, legal frameworks, and their implications for the hospitality industry in both countries.
To ensure a comprehensive analysis, it is advisable to consider practical examples, case studies, and relevant legal precedents from both Canada and India. By comparing and contrasting these elements, you can provide insights into the legal frameworks governing the hospitality sector in each country and identify potential areas of improvement or best practices.
In conclusion, the report should provide a comprehensive analysis of the selected elements of Canadian and Indian Hospitality Law, highlighting similarities, differences, and potential implications for the hospitality industry in both countries.
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Approximately 2.2 million American workers are employed as customer service representatives.
False
True
Answer:
True
Explanation:
an organization practicing ______ aims all its efforts at satisfying its customers—at a profit.
An organization practicing production orientation aims all its efforts at satisfying its customers—at a profit.
A control philosophy, idea, focus, or state of thoughts which emphasizes manufacturing techniques and unit-value reduction in place of the needs and wants of the goal marketplace; the orientation assumes that consumers will favor the merchandise which might be the maximum readily available and on the most lower priced prices and that attention on efficiencies in production and distribution will most simply reap the company's targets.
A manufacturing-orientated company commonly operates a mass manufacturing version and streamlines this production system for its product imparting. This orientation technique assumes that its customer value price, and consequently, it focuses on decreasing production costs to satisfy such rate needs of this customer base.
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Which of the following is accurate with respect to litigation involving CPAs?
A. A CPA will not be found liable for an audit unless the CPA has audited all affiliates of that company.
B. A CPA may not successfully assert as a defense that the CPA had no motive to be part of a fraud.
C. A CPA may be exposed to criminal as well as civil liability.
D. A CPA is primarily responsible, while the client is secondarily responsible for the notes in an annual report filed with the SEC.
The accurate statement with respect to litigation involving CPAs is C. A CPA may be exposed to criminal as well as civil liability.
When it comes to litigation involving Certified Public Accountants (CPAs), they can potentially face both civil and criminal liability. CPAs are responsible for providing accurate and reliable financial information and services to their clients. If they fail to fulfill their professional duties or engage in fraudulent or negligent behavior, they can be held legally accountable.
Civil liability refers to the legal responsibility for compensating parties who have suffered financial harm due to the CPA's actions or negligence. This may involve lawsuits seeking monetary damages to cover losses incurred as a result of the CPA's mistakes or misconduct.
In some cases, CPAs may also be subject to criminal liability if their actions involve intentional fraud or illegal activities. Criminal charges can be brought by government authorities and may result in fines, penalties, or even imprisonment if the CPA is found guilty.
Option A is not accurate because a CPA can be held liable for an audit based on the specific circumstances and the scope of their engagement, rather than auditing all affiliates of a company. Option B is not accurate because a lack of motive to be part of a fraud does not serve as a successful defense for a CPA accused of misconduct. Option D is not accurate as the responsibility for the notes in an annual report filed with the SEC is shared between the CPA and the client, with the CPA having primary responsibility for ensuring accuracy and compliance.
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Which of these is a nonstore retailer?
A. Nail Salon
B. Supermarket
C. Coffee Shop
D. Catalog
Answer:
D. Catalog
Explanation:
Its not a store.
Write a persuasive argument as an essay or blog entry to address your topic. Use a minimum of 400 words. State your claim clearly with details from reliable sources. Be sure to include
Based on writing methods and techniques, to write a persuasive argument as an essay or blog entry to address your topic, you should start by "Choosing topic you’re passionate about."
What is Persuasive Writing?Persuasive writing is a form of writing that illustrates logical arguments into writing. It usually contains an emotional appeal to influence the readers towards a particular perspective or opinion.
Things to note when writing a Persuasive argument as an essay or blog entryUnderstand what your audience wants.Begin with a fact to hook your readers' attention.Research the both on both sides of what you agreed and disagreed on.Be empathetic in your word usage.Chip in rhetoric question to evoke interest.Emphasize your points with creativity.Hence, in this case, it is concluded that writing a persuasive argument as an essay is more straightforward if you follow the proper steps.
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Turn to Part C of the Systems Analyst's Toolkit and review the concept of net present value (NPV). Determine the NPV for the following: An information system will cost $175,000 as an initial investment to implemented over a six month period and will produce no savings during the last six months of first year once it has gone online. When the system goes online, the company will save $27,750 during the second year of operation. For the next four years, the savings will be $39,250,$45,500,$48,500, and $40,250, respectively per year. Assuming a 4.25% discount rate, what is the NPV of the system? Explain in detail whether.or.not this a good investment (one four sentence paragraph at a minimum).
The NPV of the system is the sum of the present values of the cash flows minus the initial investment, which needs to be calculated based on the given data.
To calculate the NPV, we need to discount the future cash flows to their present values and subtract the initial investment. Using a discount rate of 4.25%, we can calculate the present value of each cash flow and sum them up. The present value of each cash flow is calculated by dividing the cash flow by (1 + discount rate) raised to the corresponding period. After calculating the present values, we subtract the initial investment of $175,000. If the resulting NPV is positive, it indicates that the project is a good investment. If the NPV is negative, it suggests that the project may not be worthwhile.
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How did more efficient way to make things, led to mass production, resulted in prices decreasing?
Anything consumers required or wanted could be produced in bigger quantities. Consumer products become more affordable as a result of mass production. In the end, economies of scale led to the most reasonable pricing of any product for the consumer without forcing the manufacturer to forgo revenues.
How Did Mass Production Affect the Price of Consumer Goods?Before mass production became a reality, most products were handcrafted specifically for each customer. Consumer goods may be produced for the biggest market feasible after mass production was invented and refined.
The motor and the horse-drawn carriage, which it replaced, serve as a suitable illustration. The horse-drawn carriage was never manufactured in bulk. Only when someone, some business, or some other entity ordered a carriage was it built. Then and only then would the carpenters who were skilled in making carriages start to build the machine.
Manufacturers were able to make things more quickly thanks to mass production, which also increased their distribution and made them more widely available, which led to an increase in sales.
In contrast to products created one at a time for a single customer, having a larger number of products accessible for general sale allowed producers to reduce costs.
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The Capital Asset Pricing Model (CAPM) shows that the expected return for a particular asset depends on all of the following, except:
Multiple Choice
A. The pure time value of money
B. The return on a risk-less asset
C. The amount of systematic risk
D. The reward for bearing systematic risk
The answer is B. The CAPM shows that the expected return for a particular asset depends on the pure time value of money, the amount of systematic risk, and the reward for bearing systematic risk.
The pure time value of money refers to the fact that investors require compensation for the time value of their money, as they could have invested it elsewhere. The amount of systematic risk refers to the risk that cannot be diversified away, such as market risk.
The reward for bearing systematic risk refers to the additional return that investors require for taking on this risk. In other words, the CAPM is a model that explains the relationship between the expected return and the systematic risk of an asset. This is important for investors, as it helps them to determine the appropriate amount of return they should expect to receive for taking on a particular level of risk.
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5. True or False: Section 508 only effects employees who work with technology and procurement, not employees such as meeting coordinators, content authors, or professional disaster response employees.
Answer:
False
Explanation:
Section 508 applies to all employees. There is no discrimination i the law on the basis of job role and job descriptions. Even small businesses require section 508 compliance for their employees. It is better to comply with all the applicable laws to avoid any penalty or punishment for the organization.
The given statement is false.
The following information should be considered:
Section 508 should be applied to all types of employees. Here there should not be any discrimination.Every small business needed section 508 for complying with respect to the employees so that the penalty or punishment should be avoided.Therefore, we can conclude that the given statement is false.
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Q3. Which of the following is the relation that the law of demand defines?
a) Income and price of a commodity
b) Price and quantity of a commodity
c) Income and quantity demanded
d) Quantity demanded and quantity supplied
Answer:
price and quantity demanded
Explanation:
law of demand sates that their exist a inverse relationship between the price of the commodity and the quantity of the commodity that will be demanded that means if the price is low then the quantity demanded by the customers will be high and if the price of the commodity is high or we can say the product price is high then the quantity demand by the customers or consumers will be less.
suppose there are two pens of price ten and twenty then the pen of price ten will be in more demand as compared to twenty and the pen which is of price of twenty will be demanded less in the market by the customers or the consumers
a merchant in denmark entered into a contract for the sale of goods with a merchant in italy. assuming that both countries are parties to the united nations convention on contracts for the international sale of goods (cisg), any dispute over that contract would be: blank .
A merchant in Denmark entered into a contract for the sale of goods with a merchant in Italy. Assuming that both countries are parties to the CISG, any dispute over that contract would be governed by the terms in the CISG.
A merchant is someone who buys and sells goods. Merchants can be found in markets and shops, and they usually specialize in a particular type of product. For example, there are merchants who sell only clothes, or only food.
Merchants play an important role in the economy, because they help to produce and distribute goods. Without merchants, it would be difficult for people to get the things they need.
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Societies make decisions about what type of goods to produce by:
O A. determining which good is the scarcest.
O B. considering their people's wants and needs.
O c. differentiating between physical and human capital.
D. choosing which factor of production is most important.
Answer:considering their people wants and needs
Explanation:
Societies make decisions about what type of goods to produce by considering their people's wants and needs. The correct option is b.
What do you understand by the term goods?Goods are items that satisfy human wants and provide utility, for example, to a consumer purchasing a satisfying product. A common distinction is made between transferable goods, and services, which are not transferable.
A good is an economic good if it is useful to people but scarce about its demand so that the human effort is required to obtain it. In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them. Private goods are things owned by people, such as televisions, living room furniture, wallets, cellular telephones, and almost anything owned or used daily that is not food-related.
A consumer good or final good is any item that is ultimately consumed, rather than used in the production of another good.
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what dri value is set at a level that meets the needs of only 50% of the population?
The Recommended Daily Intake (RDI) value that is set at a level that meets the needs of only 50% of the population is the Estimated Average Requirement (EAR).
The EAR is the average daily nutrient intake level estimated to meet the requirement of half the healthy individuals in a particular life stage and gender group. The EAR is used to establish the RDI value, which is the nutrient intake level that is sufficient to meet the nutrient requirements of almost all (97-98%) healthy individuals in a specific life stage and gender group.
The Dietary Reference Intake (DRI) value that is set at a level that meets the needs of only 50% of the population is called the Estimated Average Requirement (EAR). The EAR is the nutrient intake level that is estimated to meet the requirement of half of the healthy individuals in a particular life stage and gender group. The EAR is used as the basis for setting the Recommended Dietary Allowance (RDA), which is the average daily dietary intake level that is sufficient to meet the nutrient requirements of nearly all (97-98%) healthy individuals in a particular life stage and gender group. By setting the EAR lower than the RDA, it allows for a safety margin to ensure that almost everyone in the population is meeting their nutrient needs.
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How do you make personal choices between satisfying your wants and your needs?
Which of the following is an example of a way in which theo Chocolate uses a distinctive competence to achieve competitive advantage? offering a variety of unique flavors Theo Chocolate seeks funding from outside investors to achieve greater capitalization Being the only organic, fair trade, and vertically integrated chocolate brand Offering tours of their factory for customers
Theo Chocolate uses a distinctive competence to achieve competitive advantage by being the only organic, fair trade, and vertically integrated chocolate brand. This means that they have a unique advantage over other chocolate brands because they are able to control the entire process of making their chocolate, from sourcing the cocoa beans to selling the finished product.
Additionally, competitive advantage focus on organic and fair trade practices sets them apart from other brands and allows them to appeal to customers who value these practices.
Offering a variety of unique flavors and offering tours of their factory for customers are also ways that Theo Chocolate differentiates themselves from other brands, but their distinctive competence lies in their commitment to organic, fair trade, and vertical integration.
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1. These are the materials for processing to come up with finished profucts
a. product
b. output
c. input
2. What is the most likely cause of failure of Filipino entrepreneurs?
a. Crab mentality
b. weakness
c. failure to meet the deadline
Answer:
b and c
Explanation:
Because of lack of communication and experience with being a entrepreneur. Plus you have to aggressive to be a business person to get the job one on time.
Based on the Fedex Corporation v. U.S., 291 F. Supp. 2d 699
(W.D. Tenn. 2003) tax case,
Should there be a limit when deducting ordinary and necessary
business expenses?
The FedEx Corporation v. U.S. tax case, the specific issue at hand was related to the deductibility of certain expenses for tax purposes.
However, it is important to note that the case itself does not establish General rule or precedent regarding whether there should be a limit when deducting ordinary and necessary business expenses. The deductibility of business expenses is governed by the Internal Revenue Code (IRC) and related regulations, which provide guidelines on what expenses can be deducted and under what conditions. Generally, businesses are allowed to deduct ordinary and necessary expenses incurred in the course of conducting their business activities. However, the IRC does impose certain limitations and restrictions on deductibility, such as disallowing deductions for personal expenses or expenses that are considered excessive or extravagant. Ultimately, whether there should be a limit when deducting ordinary and necessary business expenses is a matter of policy and can be subject to debate.
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today, you are borrowing money from your local bank. the loan is to be repaid in one lump sum payment of $6,000 one year from now. how much money are you borrowing today if the apr is 5.75 percent?
If you are borrowing money from your local bank with an annual percentage rate (APR) of 5.75%, and the loan is to be repaid in one lump sum payment of $6,000 one year from now, then the amount of money you are borrowing today is approximately $5,666.67.
To calculate the present value of the lump sum payment due one year from now, we can use the formula: PV = FV / (1 + r)^n
Where PV is the present value, FV is the future value, r is the interest rate per period, and n is the number of periods.
Plugging in the values given in the problem, we get:
PV = $6,000 / (1 + 0.0575)^1
PV = $6,000 / 1.0575
PV = $5,666.67
Rounding to the nearest cent, the amount of money you are borrowing today is approximately $5,666.67. This means that after one year, you will owe the bank $6,000, which includes the principal amount borrowed and the interest accrued at an APR of 5.75%.
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What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?
Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
which microbes is used to extract ethanol from fruit juice and sugar molasses ·
Answer:
Yeast
Explanation:
A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.
Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.
A) Acquisitions and takeovers can cause a reduced level of motivation among the employees.
B) Through Merger & Acquisition, a business can quickly enter new markets and product categories with a well-known brand.
The two given sentences are relevant to Merger & Acquisition. Acquisitions and takeovers can cause a reduced level of motivation among the employees, and also helps a business to quickly enter new markets and product categories with a well-known brand.
What is Merger & Acquisition?Mergers and acquisitions are business transactions in which the ownership of a company, another business organization, or its operating units is transferred to or consolidated with that of another company or business organisation.
A company may outright buy and absorb another company, merge with it to form a new company, acquire some or all of its major assets, make a tender offer for its stock, or stage a hostile takeover. All of these are mergers and acquisitions. M&A is also used to describe the divisions of financial institutions that deal with such transactions.
A corporate merger or acquisition can have a significant impact on a company's long-term growth prospects.
Therefore, the two sentences are correct effects of Merger & Acquisition.
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Before ordering used parts for a repair, a technician
should get
approval from the ____.