Time draft
Explain how does time draft become a banker’s acceptance?
Expert
When goods are shipped by exporter through common carrier, exporter’s bank presents the shipping documents and the time draft to importer’s bank. After taking title to goods through the bill of lading, the importer’s bank accepts the time draft, creating at this point a banker’s acceptance (B/A). B/A is a money market instrument for which a secondary market exists.
What is the Historical Cost of Inventory?
Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had
State the characteristics of the straight fixed-rate bond market instrument.
Which of the following adjustments is an example of an accrual adjustment? an asset/expense adjustment involving depreciation an asset/expense adjustment involving insurance a liability/expense adjustment involving utility expenses a liability/revenue adjustment involving unearned revenues
State the definition of Cash Discount?
Question Can one person in an organization make a difference? Write an essay on the leadership qualities required for running modern organizations <
A journal entry that moves the effects of revenues or expenses to the owners' equity account. Only temporary account that is on the income statement is closed. The purpose of a closing entry is twofold. First, it moves revenue to retained earnings on the balance sheet
Specify the essential condition for the fixed-for-floating interest rate swap to be possible?
Define the term Debtor. Is they our client?
to what extent does risk and term structure affects interest rates of financial instruments.
18,76,764
1943199 Asked
3,689
Active Tutors
1415283
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!