What is the important difference between international and domestic transactions? How is a letter of credit used
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (19 reviews)
International transactions differ from domestic ones because they involve p...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Question Posted:
Students also viewed these Finance questions
-
What is the important difference between challenges for cause and peremptory challenges?
-
What is a documentary letter of credit used for?
-
The Swiss Credit Bank issued a letter of credit in favor of Antex Industries to cover the sale of 92,000 electronic integrated circuits manufactured by Electronic Arrays. The letter of credit...
-
Molly earns a gross yearly salary of $132,676. She has no dependent children and made the following tax deductible purchases: Charitable contributions: $5,401 Student loan interest: $1,429 When she...
-
Balmoral Limited purchased equipment on January 1, 2013, for $170,000 on account. At that time, the equipment was estimated to have a useful life of five years and a $2,000 residual value. The...
-
Explain the meaning of the Gauss-Markov theorem.
-
Table B. 14 contains data concerning the transient points of an electronic inverter. Fit a regression model to all 25 observations but only use \(x_{1}-x_{4}\) as the regressors. Investigate this...
-
How should governments report capital projects and debt service activities in their government wide statements?
-
Question 1: As part of the interview process for a new job you are asked to write an essay about how you look at risk in a qualitative way. You remember the framework below from your Corporate...
-
Vulcan Flyovers offers scenic over flights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: The...
-
How do firms use commercial paper to raise short-term funds? Who can issue commercial paper? Who buys commercial paper?
-
Are secured short-term loans viewed as more risky or less risky than unsecured short-term loans? Why?
-
Tom and Joel are good runners, both able to run at a constant speed of 10 miles per hour. Their amazing dog Trot can do even better; he runs at 20 miles per hour. Starting from towns 60 miles apart,...
-
Use a symmetry argument to determine the electric flux through a Gaussian surface that encloses both charged particles that form an electric dipole. Does the value calculated for the flux depend on...
-
Henredon purchases a high-precision programmable router for shaping furniture components for \($190,000.\) It is expected to last 12 years and have a salvage value of \($5,000.\) It will produce...
-
Consider the hydrodynamic flow of nitrogen at \(400 \mathrm{~K}\) through the porous diaphragm described in Example 1.24. It is desired to achieve a superficial gas velocity through the diaphragm of...
-
This problem examines the generalization mentioned in Section 7-3, that the Lee-Kesler generalized approach should not be applied to highly polar compounds. A. Choose three temperatures and three...
-
A thin plate of solid salt, \(\mathrm{NaCl}\), measuring 15 by \(15 \mathrm{~cm}\), is to be dragged through seawater at a velocity of \(0.6 \mathrm{~m} / \mathrm{s}\). The \(291 \mathrm{~K}\)...
-
Explain how the short-run Phillips curve illustrates the negative relationship between cyclical unemployment and the actual inflation rate for a given level of the expected inflation rate.
-
In the simple quantity theory of money, what will lead to an increase in aggregate demand? In monetarism, what will lead to an increase in aggregate demand?
-
If the Fed adds $10 billion to the banking system and the reserve requirement is 20 percent, what is the maximum increase in the money supply? a. $200 billion b. $50 billion c. $10 billion d. $2...
-
In addition to investors, who else might be benefiting directly from the implementation of the Sarbanes-Oxley Act? In 2000 and 2001, accounting irregularities at a number of large corporations forced...
-
Use the financial statements on table (a) for Fox Manufacturing Company for the year ended December 31, 2009, along with the industry average ratios at the table (b), to; Table (a) Table (b) a....
-
Do some reading in periodicals and/or on the Internet to find out more about the Sarbanes-Oxley Acts provisions for companies. Select one of those provisions, and indicate why you think financial...
-
To set up an optimal portfolio problem considering transactions costs, we need to adjust the expected return of stocks and calculate the transactions-cost-adjusted expected return. Suppose that a $1...
-
How to calculate the average precision (AP) for each adopted query and the mean average precision (MAP), based on both arithmetic and geometric means, must be calculated in terms of interpolated...
-
Using the relative contribution of the B to the overall expected portfolio return, show whether index leverage or single-stock leverage results in better leverage for a portfolio manager who is good...
Study smarter with the SolutionInn App