Question: Briefly explain a (1) draft (who issues a draft to whom?). Describe and compare (2) a sight draft, (3) a time draft, and (4) a

  1. Briefly explain a (1) draft (who issues a draft to whom?). Describe and compare (2) a sight draft, (3) a time draft, and (4) a bankers acceptance in below.

Which one is used in the Documents against payment (D/P) collection?

Which one is used in the Documents against acceptance (D/A) collection?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

1. Describe the nature, and explain the advantages. of documentary credit for international sales. 2. Explain the procedures of a letter of credit, then advise the legal status of the parties under...

Q:

PROJECT DETAILS Exclusive Fognini Inc. (EFI) is a family-owned business specializing in high-end customized skis. Giulio, a remarkable engineer, is the majority shareholder and president of the...

Q:

Question PROJECT DETAILS Exclusive Fognini Inc. (EFI) is a family-owned business specializing in high-end customized skis. Giulio, a remarkable engineer, is the majority shareholder and president of...

Q:

Question PROJECT DETAILS Exclusive Fognini Inc. (EFI) is a family-owned business specializing in high-end customized skis. Giulio, a remarkable engineer, is the majority shareholder and president of...

Q:

I. Single or multiple choices: please choose one or more correct answers for each question: 1. Company A issues a bill of exchange with payment as At 90 days after sight. This is a Asight draft Btime...

Q:

Describe the types of cybercrimes facing organizations and critical infrastructures, explain the motives of cybercriminals, and evaluate the financial Explain both low-tech and high-tech methods...

Q:

Hi there I need help answering ASSIGNMENT 1 ONLY by Friday afternoon. I have attached the study pack to help answer the question. Thanks! FIN4802 ASSIGNMENTS ASSIGNMENT 01 Due date: 13 May 2016...

Q:

I'm in serious need of help in my accounting class (acc205) . I'm falling behind and I need help with this weeks assignment. for week three for the may-june month . can someone please help me ....

Q:

Need help with the final project ACC 640. The attached file includes rubrics and guidelines. ACC 640 Final Project Guidelines and Rubric Overview The final project for this course is the creation of...

Q:

Developing a training program This project involves the design and development of a program to train authorised officers, or ticket inspectors on a metropolitan public transport system. The aim of...

Q:

To find the distance between two radar installations a UFO calculates the distance to installation A to be c = 75 km, the distance to installation C to be a = 151 km, and the angle between them B=...

Q:

What are the five stages of the Rostow modernization model?

Q:

Risk managers use financial statements for all of the following reasons EXCEPT: A . To identify exposures and sources of funds to cover out of pocket expenses such as deductibles and copayments. B ....

Q:

Jocelyn is the owner of a small caf in her hometown. She wants to focus on and improve the marketing process part of her business. Which of the following would help her do that?

Q:

Technology. The owner of your company recently purchased two pairs of season tickets for the local symphony orchestra concerts. He will retain one pair of tickets but make the other available to...

Q:

On July 1, you relocated your business from one Detroit suburb to another. A month prior to your move, you phoned your security system provider and notified its representative to cancel your service...

Q:

Technology. Brenda Durwood, one of your employees and president of the Woodland Ski and Snowboard Club,has requested permission to hold the clubs annual Gear Swap fund-raiser in the company parking...