George owns Luxury Yacht Company and has just received an order for one of its luxury models. To protect his company against the possibility that the customer cannot pay or that other economic and political conditions might intervene, he asks the customer to provide a __________.

Answers

Answer 1

Answer:

Answer: Letter of credit

Explanation:

The letter of credit is one of the type of payment process that is specifically used for the purpose of international trading as it helps in proving the economical guarantee from the bank to the trader of various type of goods and the services.

The letter of credit is also refers as the documentary based credit and also the guarantee undertaking letter which is used at the time of payment and the main advantage of the letter of credit is that it is highly customizable, safety business process, Payment assured and also free from all the types of credit risk.

According to the given scenario, George asked the customer for providing the letter of credit for the purpose of protect his company fro the various types of payment and economical issue.

Therefore, Letter of credit is the correct answer.

Related Questions

Orlando invested $16,000 in an eight-year CD bearing 6.5% interest, but needed to withdraw $3,500 after five years. If the CD’s penalty for early withdrawal was one year’s worth of interest on the amount withdrawn, when the CD reached maturity, how much less money did Orlando earn total than if he had not made his early withdrawal?
For a car loan using simple interest at a given rate, the amount of interest charged varies jointly with the loan amount (also known as the principal) and the time of the loan (in years). if a $ 15 comma 000 car loan earns $2610 in simple interest over 6 years, how much interest will a $32 comma 000 car loan earn over 8 years?
What information is necessary to calculate the after-tax return on investment (ROI)?A. whether the capital gains are long term or short term and the dividends are qualified or nonqualifiedB. whether the capital gains are long term or short term and which company paid the dividendsC. whether the capital gains are from the sale of a stock or a bondD. whether the investment was purchased individually or through a brokerage firm
Erica wants to replace her old washing machine with a new one. In order to get the maximum value for her money, she plans to spend substantial time and effort in gathering information and making product comparisons before making the actual purchase. In this instance, Erica is planning to buy a(n) ________ product.A) convenience B) unsoughtC) specialtyD) shoppingE) exclusive
The law of supply and demand relates toa. the relative price of goods and services.b. the rate of unemployment.c. the income tax structure.d. the presence of a monopoly.

Mass production requires all of the following excepta. division of labor
b. interchangeable parts
c. assembly line
d. training in each part of production

Answers

d. training in each part of production

Modern environmentalism works with businesses to promote sustainable development. a. True
b. False

Answers

Answer: (A) True

Explanation:

Yes, the given statement is true that the modern environment is working with the business for promoting the sustainable development.

The sustainable development is the term which refers to the development for meets the present needs or requirement without compromising the future generation needs.

The modern environmentalism is refers to the cultural and the intellectual development in the environment and it helps in the improving the natural environment.

Modern environmentalism indeed works with businesses to promote sustainable development. Thus, the given statement is true.

Recognizing the importance of environmental stewardship and the need to address pressing environmental challenges, many businesses have adopted sustainability practices and initiatives. Environmental organizations collaborate with businesses to encourage responsible resource management, reduce environmental impact, and promote sustainable practices throughout supply chains.

These partnerships aim to balance economic growth with environmental protection, considering long-term sustainability and the well-being of both people and the planet. By working together, environmentalists and businesses can drive positive change, foster innovation, and create a more sustainable future.

Thus, the given statement is true.

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On July 31, Fabrication had 20 canoes in process that were 40% complete with respect to conversion cost. During July, the Fabrication Department completed 82 canoes and transferred them to the Waterproofing Department. What are the Fabrication Department's equivalent units of production related to materials for July?

Answers

Answer:

90 canoes

Explanation:

Given:

Canoes in process = 20

percent completion = 40%

Number of canoes completed and transferred them to the Waterproofing Department = 82

Now,

The equivalent units of production

= Unit completed and transferred out + ( ending work in process × percent completion )

= 82 + ( 20 × 40% )

= 82 + 8

= 90 canoes

expansionary monetary policy lowers , and increases demand for investment and consumer borrowing, which shifts aggregate demand to the . a. interest rates; right b. rates of return; left c. rates of return; right d. exchange rates; left

Answers

Expansionary monetary policy is an economic strategy that is implemented by the central bank to stimulate economic growth by increasing the money supply and lowering interest rates. The correct option Option A.

This policy is designed to increase investment and consumer borrowing in the economy, thereby increasing demand and shifting the aggregate demand curve to the right.

When interest rates are lowered, it becomes easier and cheaper for businesses and individuals to borrow money. This encourages increased investment and consumption, which stimulates economic growth. Lower interest rates also make saving less attractive, which can lead to increased spending and investment. As a result, aggregate demand shifts to the right.

The correct answer to the question is (a) interest rates; right. Expansionary monetary policy lowers interest rates, which increases demand for investment and consumer borrowing, and shifts aggregate demand to the right. This policy can be used to combat recession or slow economic growth by stimulating demand and increasing economic activity.

Overall, expansionary monetary policy can have a positive impact on the economy by increasing demand and promoting economic growth. However, it can also lead to inflation if the increase in demand outpaces the supply of goods and services, and the economy overheats.

Therefore, central banks must carefully balance the benefits of expansionary monetary policy with the potential risks of inflation. The correct option Option A. . interest rates; right

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The traits, skills, experience, knowledge, and other features necessary for job success are calledinternships.
job qualifications.
job salaries.
health benefits.

Answers

job qualifications

qualify means that you are at a high enough level

example
'have you met the job qualificatins' is the same as 'have you got to a high enough level with the right equipment so you can fight this boss?"

job qualifications

Answer:

Explanation:

The trade winds from both hemispheres meet near the equator in a region that has a weak pressure gradient. This region is called the A. polar easterlies B. prevailing westerlies C. horse latitudes D. doldrums

Answers

Answer:

The correct answer is d) doldrums

Explanation:

Doldrums: Are winds of the north of the equator between the northern and southern trade winds in the oceans

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Consider a perfectly competitive market described by the supply function P = 10 + 0.2Q and demand function P = 60 - 0.3Q. If the market is in equilibrium, then an individual firms total revenue (TR), average revenue (AR) and marginal revenue (MR) functions are:TR = 26Q, AR = 26, and MR = 26 TR = 30Q, AR = 30, and MR = 30 TR = 35Q, AR = 35, and MR = 35 TR = 60 - 0.3Q, AR = 60 - 0.6Q, and MR = 60 - 0.3Q TR = 60Q - 0.3Q2 , AR = 60 - 0.3Q, and MR = 60 - 0.6Q

How can businesses improve the general quality of life of others

When a player in a game adopts a strategy which always yields the highest benefit regardless of what the other player does, that player is using a(n) __________.