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navik
2 months ago
14

A U.S. exporter sells $150,000 of furniture to a Latin American importer. The exporter requires the importer to obtain a letter

of credit. When the bank accepts the draft, the exporter discounts the 120-day note at a 5.25 percent discount. What is the exporter's true effective annual financing cost?
Business
1 answer:
arsen [3.4K]2 months ago
6 0
The effective annual financing cost associated with the furniture purchase amounts to 5.52%. The calculation shows that the true cost is derived by considering the total paid versus the principal. After 30 years, the future amount indicates an interest rate of 4.35% compounded monthly.
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Type the correct answer in the box. Spell all words correctly. Helena works at a paper mill. She has just blocked a proposal fro
soldi70 [3635]

Helena trabaja en una fábrica de papel. Ella acaba de bloquear una propuesta de un consultor que implicaba talar algunos acres adicionales de bosque. Argumentó que, hasta ese momento, la empresa necesitaba reforestar otra área cuando talaban un bosque-Ha demostrado el concepto de Conservación Ambiental en RSE

Explanation:

Existen cuatro tipos de Responsabilidad Social Empresarial

1) filantropía

2) conservación del medio ambiente

3) diversidad y prácticas laborales

4) voluntariado

En la pregunta vemos que Helena ha bloqueado una propuesta que requería la tala de bosque, ya que la tala de árboles en un área requiere reforestación en otra.

Por lo tanto, podemos concluir que Helena ha demostrado el concepto de Conservación Ambiental en RSE

6 0
2 months ago
Metro Company trades its used machine for a new model at Denver Solutions Inc.
Free_Kalibri [3773]

Answer:

Cost of the new machine:

= Price of new machine - Trade allowance + Market value of old machine

= $16,000 - $9,000 + $6,000

= $13,000

Consequently, the journal entry would be recorded as follows:

New Machine Cost A/c                               Dr. $13,000

Accumulated Depreciation (Book Value) A/c Dr. $4,000

Loss from machine exchange A/c                    Dr. $2,000

         To Old Machine (Book Value)                    $12,000

         To Cash (16,000 - 9,000)                        $7,000

(To document the equipment exchange)

4 0
1 month ago
Canadian Tire is one of Canada’s largest companies, with 50,000 employees and 1,100 stores and gas bars (gas stations) across Ca
arsen [3447]
The key issue faced by Canadian Tire stems from this business approach where decision-making processes become notably sluggish and ineffective. Knowledge management systems improve productivity by granting staff access to effective processes, solutions, best practices, and learned experiences, thereby maximizing database information use, which helps to mitigate the knowledge loss that occurs when employees leave the company.
6 0
1 month ago
Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
Free_Kalibri [3773]

Answer:

a. 30 units of corn and 30 units of wheat.

Explanation:

In a scenario involving two products across two nations, international trade fosters specialization. Each country focuses on producing the good for which it has a comparative advantage. In this context, Freedonia will solely grow corn while Sylvania will exclusively cultivate wheat. Each nation will continue to consume its own amount of these goods, but will trade surplus products for the other's goods. Freedonia's workforce will be entirely dedicated to corn production, yielding 60 units of corn annually with 10 workers (6 units each). Conversely, Sylvania will employ 10 workers to produce 60 units of wheat annually.

However, Freedonia will continue to consume 30 units of corn, allowing for 30 units available for trade with Sylvania. Similarly, Sylvania will also maintain its consumption at 30 units of wheat, resulting in 30 units of wheat available for trading with Freedonia.

If prices are equal for both products, Ricardo’s theory suggests total consumption will rise in both nations, benefiting consumers. Freedonia will still consume 30 units of corn while also acquiring 30 units of wheat through trade. Consequently, consumers will be better off, gaining 20 additional units of wheat compared to before, without sacrificing any corn units.

3 0
2 months ago
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