How does a time draft become a banker's acceptance?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
When the goods are shipped by the exporter ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
International Financial Management
ISBN: 978-0078034657
6th Edition
Authors: Cheol S. Eun, Bruce G.Resnick
Question Posted:
Students also viewed these Finance questions
-
How much training time does it take to become a world-class breaststroke swimmer? A survey published in The American Journal of Sports Medicine reported the number of meters per week swum by two...
-
How does acceptance sampling differ from process control?
-
Does the acceptance of an offer have to mirror it exactly or, are slight variations permissible?
-
Examples using activity-based costing generally show that traditional costing systems ________ high-volume, less complex products and ________ low-volume, complex products undercost; overcost...
-
The following accounting events affected Stratford Manufacturing Company during its first three years of operation. Assume that all transactions are cash transactions. Transactions for 2017 1....
-
You borrow $850616.63 to buy a house. the mortgage rate is 11.82% apr and the loan period is 29 years. Payments are made monthly. What is the balance on the loan in month 4? Assume no prepayments and...
-
Organize the data set in Example 1 using a stem-and-leaf plot that has two rows for each stem. Describe any patterns. Data from Example 1 The data set at the left lists the numbers of text messages...
-
On January 1, 2021, Marshall Company acquired 100 percent of the outstanding common stock of Tucker Company. To acquire these shares, Marshall issued $200,000 in long-term liabilities and 20,000...
-
A girl throws a rock horizontally with a speed of 12 m/s from a bridge above a river. The rock travels a horizontal distance of 27 m, before hitting the water. Neglect air resistance.(a) Find how...
-
Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first...
-
What three basic documents are necessary to conduct a typical foreign commerce trade? Briefly discuss the purpose of each.
-
Discuss the various ways the exporter can receive payment in a foreign trade transaction after the importer's bank accepts the exporter's time draft and it becomes a banker's acceptance.
-
Kastner et al. studied how the brain recognizes the shape and color of an object. They found that the process of identifying the shape and color of an item is carried out not simultaneously but in...
-
Outline the specific functions provided by MYOB software. Discuss the problems of using a manual accounting system. Outline the benefits of using an online accounting software tool. Discuss three...
-
1.What was the premise behind the Recording Industry Association of Americas lawsuit against Napster? 2.Based on your knowledge of how Napster works, if you downloaded a copy of a song from a friends...
-
11) Short-term liquidity refers to an organization's ability to generate enough cash to repay long-term debts as they mature. 12) Long-term solvency refers to an organization's ability to meet...
-
The balance sheet for Stud Clothiers is shown next. Sales for the year were $3,570,000, with 75 percent of sales sold on credit. STUD CLOTHIERS Balance Sheet 20X1 Assets Liabilities and Equity Cash $...
-
Premium on issue of shares is shown in balance sheet as: A . . An asset B . . A liability C . . An expense D . . A revenue
-
At the financial years end, prepare the general journal to close out the accounts to the profit and loss account in the general ledger and post the journal to the T accounts shown in figure 9.20....
-
What key concerns must functional tactics address in marketing? Finance? POM? Personnel?
-
Write the formulas of the following compounds and state whether each one is a primary, secondary, or tertiary alcohol or a phenol: (a) 1-chloro-2-hydroxybenzene; (b) 2-methyl-3-pentanol; (c)...
-
Do you think the euro will survive?
-
Toward the end of 1999, the central bank (Reserve Bank) in Zimbabwe stabilized the Zimbabwe dollar, the Zim for short, at Z$38/USD and privately instructed the banks to maintain that rate. In...
-
We described how exchange rate risk could be hedged using forward contracts. In pegged or limited-flexibility exchange rate systems, countries imposing capital controls sometimes force their...
-
How can cross-functional teams, comprising members from diverse departments and disciplines, navigate the challenges of differing perspectives, knowledge bases, and work processes to achieve project...
-
What are the unique challenges and opportunities associated with virtual teams and remote collaboration, and how can technology, communication tools, and best practices be leveraged to overcome...
-
Critically reflect - How have the IoT and Big Data changed the way you do business? How has it changed the way your organization does business? consider it Saudia Airlines company supported with...
Study smarter with the SolutionInn App