FREE Trial

As an importer of merchandise, you depend upon the sale of the merchandise for funds to make payment. Although customary

Question:

As an importer of merchandise, you depend upon the sale of the merchandise for funds to make payment. Although customary terms of sale are 90 days for this type of merchandise, you are not well known to foreign suppliers because of your recent entry into business. Furthermore, your suppliers require almost immediate payment to meet their own expenses of operations. How might the banking systems of the exporter and importer accommodate your situation?

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 55% (9 reviews)

This problem offers an excellent opportunity to describe the important role of banks in international commerce Before placing your order for merchandi…View the full answer


answer-question
Answered By
tutor-profile-image
Kainat Shabbir
i am an experienced qualified expert with a long record of success helping clients overcome specific difficulties in information technology, business and arts greatly increasing their confidence in these topics. i am providing professional services in following concerns research papers, term papers, dissertation writing, book reports, biography writing, proofreading, editing, article critique, book review, coursework, c++, java, bootstarp, database.
5.00+ 184+ Reviews 255+ Question Solved
Related Book For  answer-question
Introduction to Finance Markets Investments and Financial Management

Introduction to Finance Markets Investments and Financial Management

ISBN: 978-1118492673

15th edition

Authors: Melicher Ronald, Norton Edgar

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: March 27, 2015 12:08:58
See More Questions

Students also viewed these Banking questions

Q:
As an importer of grain into Japan from the United States, you have agreed to pay $377,287 in 90 days after you receive your grain. You face the following exchange rates and interest rates: spot...
A:
a As a Japanese grain importer you are contractually obligated to pay 377 287 in 90 days Any weakeni......
Q:
Although bats are not known for their eyesight, they are able to locate prey (mainly insects) by emitting high-pitched sounds and listening for echoes. A paper appearing in Animal Behaviour (The...
A:
a x 62 L 83 11 48 364 cm 327 055 18 085 b 18 085 cm The variance can be interpreted as the mean......
Q:
Zeal Corporation has 50-year bond pays an annual coupon. The bond has a yield to maturity of 8 percent. The bond currently trades at a premium--its price is above the par value of $1,000. Which of...
A:
The detailed answer for the above question is provided b......
Q:
Write a paper on Health-Care Fraud
A:
1 Overview Healthcare fraud can be viewed as a form of white collar crime in which the contenders fill dishonest healthcare claims so that they can make profit Yin 332 351 This may take place in many......
Q:
1. Justify Jinhee's participation in her employer's 401 (k) plan using the time value of money concepts. 2. Calculate the amount that Jinhee needs to save each year for the down payment on a new car,...
A:
1 If Jinhee contributes just 5 percent of her salary 1 850 and earns another 1 850 100 percent from......
Q:
Compound A, C8H10O, has the IR and 1H NMR spectra shown. Propose a structure consistent with the observed spectra, and assign each peak in the NMR spectrum. Note that the absorption at 5.5 ?...
A:
Structural formula C8H 0O contains 4 multiple bonds and or rings......
Q:
Match each of the key terms above to the definition that best fits it. Local area network (LAN) ____ The cabling, hardware, and software used to connect workstations, computers, and file servers...
A:
Local area network LAN The cabling hardwa......
Q:
Hide-It (HI), a family-owned business based in Tombstone, Arizona, builds custom homes with special features, such as hidden rooms and hidden wall safes. Hide-It has been an audit client for three...
A:
a No this is not an error since errors are unintentional b This situation does appear to involve mis......
Q:
Use the read_csv function from pandas to read in the dataset from the file path and return the resulting dataframe. In [ ]: def read_data(file_path): ... Reads in a dataset using pandas. Parameters...
A:
Your code looks great It passes all of the assertions Here is a summary of your code PYTHON def read......
Q:
The 50-lb cylinder is attached to a cord which passes over the fixed drum. If the coefficient of static friction between the cord and the drum is s = 0.3, determine the angle of of the cord if the...
A:
Rope friction From FBD a S......
Q:
As an exporter of relatively expensive electronic equipment, you have a substantial investment in the merchandise that you ship. Your foreign importers are typically small- or medium-size firms...
A:
As an exporter shipping merchandise to a little known foreign customer......
Q:
As a speculator in the financial markets, you notice that for the last few minutes Swiss Francs are being quoted in New York at a price of $0.5849 and in Frankfurt at $0.5851. a. Assuming that you...
A:
a Purchase Swiss Francs in New York at 0 5849 and simultaneously sell Fr......
Q:
This chapter has introduced methods for solving systems of equations, including substitution and elimination, and matrix methods such as the Gauss-Jordan method and Cramers rule. Use each method at...
A:
3x 6y 9z 1 2x 4y 6z 1 3x 4y 5z 0 This system has the augment......
Q:
Write an input validation loop which prevents the user from entering a number larger than 100 or less than 0. Then, enter the appropriate numbers when prompted so you match the output under Desired...
A:
main py 1 Collect input and assign to jelly beans 2 jelly beans int inp......
Q:
If a party to a lawsuit does not agree with the jurisdiction of the court it must file a motion to dismiss the case. Because this is a procedural question solely the judge will decide on such a...
A:
Subject matter jurisdiction is a fundamental and critical aspect of any lawsuit and parties have valid reasons to care about it for several key reason......
Q:
Following is partial information for Delamunte Industries for the month of August: Balance, August 1 Direct materials used Direct labor Manufacturing overhead applied (based on direct labor cost)...
A:
To solve this problem we ll follow these steps Calculate the predetermined overhead rate Determine the balance in Work in Process at the end of August......
Q:
Write a function testcraps that accepts a positive integer n as an input, simulates in games and craps, and returns the fraction of games the player won. the testcraps function should not make dice...
A:
Click to View...
Q:
An investor is interested in selling a T-bill which is quoted with a 3.75% ask yield and a 3.95% bid yield. The bill has 80 days to maturity. What will be the price that the investor could sell for?...
A:
The price should be calculated using the b......
Q:
Find the unit tangent vector T(t) at the given point on the curve. r(t) = (t 3 + 1, 3t 5, 4/t), (2, 2, 4)
A:
The point 2 2 4 corr......
Q:
For a Poisson process of rate , the Bernoulli arrival approximation assumes that in any very small interval of length , there is either 0 arrivals with probability 1- or 1 arrival with probability ....
A:
In an interval t t with an infinitesimal let A i denote the eve......
Q:
When did the financial crisis of 2007-2009 peak and why? Plot weekly data for 20062010 for the one-week LIBOR rate (FRED code: USD1WKD156N) and the effective federal funds rate (FRED code: FF)....
A:
The data plot is below The gap between the one week LIBOR ra......
Q:
How did competition from money market mutual funds affect traditional savings institutions that provided mortgages at fixed interest rates? Beginning in 1981, plot the ratio of retail money market...
A:
The data plot is below When interest rates rose in the 1980s revenues from the fix......
Q:
How have the market shares of banks and traditional savings institutions evolved over time? Plot the fraction (in percent) of credit market assets held by the entire domestic financial sector...
A:
The data plot is below The savings institutions have been subj......
Cost Accounting Theory And Practice 1st Edition - ISBN: 9380578342 - Free Book