Question: Select the option that is not a payment term offered to foreign buyers by exporters. a . Cash in advance b . Open account c

Select the option that is not a payment term offered to foreign buyers by exporters.
a.
Cash in advance
b.
Open account
c.
Documentary collection
d.
Consignment but negotiable note

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:

Question 1 The seller has presented the documents correctly, but the buyer is not paying the draft in a documentary collection (dc) transaction. If payment isn't forthcoming the bank is responsible...

Q:

ERTHSTO 4. Decide whether the following statements are true or false. (1) Incoterms set out the obligation of the buyer. ( ) (2) Under the term CFR, it is the seller's responsibility to procure the...

Q:

Rookie Import-Export, LTD is a company that has been offering a wide range of products and services domestically for years. It has finally decided to expand its business overseas, but it has limited...

Q:

Hi. I need help with replies to these posts: 1. Distribution of risk A time draft is used to establish the time of payment; that is, the payment is due within a certain time after the buyer accepts...

Q:

all REAL ANSWERS! 1) is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and...

Q:

Please highlight in bold all the correct answers no need for an explanation Question 1 A micromultinational is: a business composed of two or more owners who contribute the initial capital of the...

Q:

A ______________ is useful when regular and repetitive transactions are amendable to the L/C, one in which the amount of the Credit can be renewed or reinstated according to the terms and conditions...

Q:

5. Choose the best answer to each of the following statements. (1) To the exporter, the fastest and safest method of settlement is A. letter of credit B. cash in advance C. open account D. banker's...

Q:

As a trader who exports large volumes of Vegetable Edible Oils to China, you require Buyers to have their banks issue Usance Letter of Credit (L/C) which are 90 day from the Bill of Lading. Often the...

Q:

TENEM TUTTI & Risk Management Risks identity and explains Fredevant Country Risks. These risks should be relevant and adequate with respect to your bosiness and country of export Country Risk entry...

Q:

On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debt Credit...

Q:

Consider an economy in which resources of crude oil are limited to a total of 20 million barrels. Market demand for crude oil can be described by P= 160-4Q. Firms face no marginal cost of production...

Q:

Apart from Fe , what other chemicals ( substances ) are required for corrosion? N 2 ( g ) O 2 ( g ) H 2 O C O 2 ( g )

Q:

Can you elucidate the role of molecular chaperones and protein quality control systems in maintaining the integrity and homeostasis of the cytoplasm, particularly under conditions of cellular stress...