Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 08, 2024

DEFINE THE FOLLOWING TERMS WHICH ARE USED VERY FREQUENTLY IN INTERNATIONAL BUSINESS TRANSACTIONS. 1.INCOTERMS - INTERNATIONAL COMMERCIAL TERMINOLOGY - ARE USED FOR MANY REASONS IN

DEFINE THE FOLLOWING TERMS WHICH ARE USED VERY FREQUENTLY IN INTERNATIONAL BUSINESS TRANSACTIONS.

1.INCOTERMS - INTERNATIONAL COMMERCIAL TERMINOLOGY - ARE USED FOR MANY REASONS IN INTERNATIONAL TRADE. WHAT ARE THOSE USES? INCOTERMS ARE USED AROUND THE WORLD.

2.AES - AUTOMATED EXPORT SYSTEM

3.CUSTOMS BOND

4.SCHEDULE "B" NUMBER

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

More Books

Students also viewed these Economics questions

Question

★★★★★

Describe the specific resources used by a present or past boss. Give the managers job title and department.

Answered: 1 week ago

Question

★★★★★

The summary statistics given in Table 7.37 were computed from the data in the Birth Weight data set for the weights of babies for white mothers by mothers smoking status. Use the summary statistics...

Answered: 1 week ago

Question

★★★★★

Discuss the digital disruption that is impacting the traditional print media of newspapers and magazines. What are some of the ways publishers can respond to these changes and attract and retain...

Answered: 1 week ago

Question

★★★★★

Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does not make the All-Body suit used by highly skilled swimmers. The market research...

Answered: 1 week ago

Question

★★★★★

Bob Jensen Inc. purchased a $570,000 machine to manufacture specialty taps for electrical equipment. Jensen expects to sell all it can manufacture in the next 10 years. The machine is expected to...

Answered: 1 week ago

Question

★★★★★

3. The Roz trust received taxable income of $20,000 and $10,000 of tax-exempt interest. The trustee paid fiduciary fees of $6,000 and a charitable contribution, as authorized by the trust agreement,...

Answered: 1 week ago

Question

★★★★★

5) If liabilities increase $120,000 during a given period and shareholders' equity decreases $25,000 during the same period, assets must: A) decrease $145,000 B) increase $145,000 C) increase $95,000...

Answered: 1 week ago

Question

★★★★★

Two important profitability measures that investors use in assessing efficiency and effectiveness of a merchandiser's operations are earnings after retail numbers (EARN) and net income dividends and...

Answered: 1 week ago

Question

★★★★★

On June 1, 2025, Ivanhoe Service Co. was started with an initial investment in the company of $19,250 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2025, and the...

Answered: 1 week ago

Question

★★★★★

Konig Enterprises, Limited, owns and operates three restaurants in Vancouver, B.C. The company allocates its fixed administrative expenses to the three restaurants on the basis of sales dollars. Last...

Answered: 1 week ago

Previous Question Next Question