Analyze the following bill of exchange and provide responses to the questions following. All questions are...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Analyze the following bill of exchange and provide responses to the questions following. All questions are specific to this bill of exchange. Drawn under documentary credit number Date March 17th 2023 For $58000.00 CAD At 15 Days Sight Pay this SOLE of Exchange To the order of Starz Inc. The sum of fifty-one thousand CAD For value received Southshore Inc. To: Lima, Peru dollars For and on behalf of Starz Inc. A. Aguillera Identify the drawer: Identify the tenor: Identify the acceptor: Identify the drawee: Identify the remitter: Has this draft been issued for payment on demand, at a fixed date, or at a future determinable date? How is this known? Is this draft being used in a collection transaction or letter of credit transaction? How, is this known? (2 reasons) If this bill of exchange is used in a documentary collection transaction, would it be D/P or D/A? What is the due date of this bill of exchange? Analyze the following bill of exchange and provide responses to the questions following. All questions are specific to this bill of exchange. Drawn under documentary credit number Date March 17th 2023 For $58000.00 CAD At 15 Days Sight Pay this SOLE of Exchange To the order of Starz Inc. The sum of fifty-one thousand CAD For value received Southshore Inc. To: Lima, Peru dollars For and on behalf of Starz Inc. A. Aguillera Identify the drawer: Identify the tenor: Identify the acceptor: Identify the drawee: Identify the remitter: Has this draft been issued for payment on demand, at a fixed date, or at a future determinable date? How is this known? Is this draft being used in a collection transaction or letter of credit transaction? How, is this known? (2 reasons) If this bill of exchange is used in a documentary collection transaction, would it be D/P or D/A? What is the due date of this bill of exchange?
Expert Answer:
Answer rating: 100% (QA)
Identify the drawer Starz Inc Identify the drawee Southshore Inc Identify the tenor 15 Days Sight Id... View the full answer
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date:
Students also viewed these general management questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
John works in a factory as a Quality Expert and is responsible for doing quality product testing before the finished products are sent to the customers. John takes a sample of 10 from a batch of 1000...
-
Audit standards indicate that there is a presumption that auditors will confirm accounts receivable unless the balance is immaterial, confirmations are deemed ineffective, or the auditors' assessment...
-
In March 2011, an explosion occurred at Kirk Co.'s plant, causing damage to area properties. By May 2011, no claims had yet been asserted against Kirk. Kirk's management and legal counsel, however,...
-
"Is there a sprinting gene?" Introduced in Example 1.5. Indicate whether the data come from an experiment or an observational study. Data From Example 1.5: Is There a Sprinting Gene? Agene called...
-
Two laptop manufacturing companies A and B are fierce rivals. A's laptop have a mean life of 4.9 years with a standard deviation of 1.2 years while B's laptop have a mean life of 4 years with a S.D...
-
10. The graph of y = f(x) shown above, is the graph of a logarithmic function. Which equation below represents the inverse function? A. -(x)=***-2 C. f(x)=-3 B. f(x)=3x-2 D. -1(x)-ex-3+2
-
What are the two elements that an employee must show to make a successful Title VII claim? Do you think the motivating factor standard is appropriate for discrimination claims based on national...
-
Payroll is usually the largest expense of a business. It is very important to know what taxes to withhold and when they need to be paid. It is also very important to be able to record payroll...
-
What special compensation and benefits issues arise in international HRM ?
-
toyota AI software project plan that define the folowinng projects objectives organization objectives project scope project assumption project roles and responsibilities risk managment with populated...
-
According to retention management strategies complete the questions below: Questions: (In the case of the Society for Human Resource Management) why does retention start early with an employee? How...
-
Designing a plan for retaining top talent and developing a succession plan: To design a plan for retaining top talent and developing a succession plan for a job, you can follow these steps: Identify...
-
Describe and give examples of the following in the budget process: The Executive Budget and the U.S Office of Management and Budget's role. Congressional Authorizing, Appropriations, and Oversight...
-
The annual report for Malibu Beachwear reported the following transactions affecting shareholders' equity: a. Repurchased and cancelled $3.0 million common shares. b. Declared and paid cash dividends...
-
Write a paper detailing a geographic information system (GIS) of your own design that would utilize data in an original manner.
-
Exchange rate fluctuations between the Japanese yen, the euro, and the US dollar have posed serious problems for Strato Designs (the name of the company is disguised). The California company produces...
-
Explain the meaning of cultural universals. Do these provide universal guides to behaviour in all societies? How can the international marketer use these universals? Explain.
-
Boeing, the Chicago-based aerospace giant, is known for its commercial aircraft. The 93- year-old company is the no. 2 manufacturer in the world of such planes, behind Blagnac, France-based Airbus....
-
If you let go of a helium balloon, it quickly rises. As it rises, the balloon gets larger and larger until it pops. Why does the balloon expand as it rises?
-
Elephant seals do deep dives to forage for food. The energy used by the seals in diving depends on their body composition; for example, fatter seals use less energy to swim to the surface at the end...
-
Early airshipscraft that relied on large volumes of low density gas to rise from the groundwere filled with hydrogen, but safety concerns necessitated a switch to helium. When an airship made the...
Study smarter with the SolutionInn App