In a CIF contract, a letter of credit is a promise from the bank that the two parties involved will make smooth transactions on time. For the agreement between Garcia Imports and Lesh Exporters the reason for obtaining a letter of credit from Hart National Bank(NY) is to guarantee that the bank is responsible for paying $300,000 under their funds before the expiration date. In this case, Garcia will not be able to stop the payment on the letter of credit because this is a payment method used in international trade to guarantee that the beneficiary in this case Lesh Exporter will be paid.

Once the bank receives the confirming documents, the bank must review the documents presented to prove that the beneficiary performed all the requirements in order for the bank to validate the letter of credit and honor by making the agreed payment even if something happens leading to a shipping delay.

The terms of the letter of credit stated that payment must be initiated by presenting a bill of lading showing shipment, "to arrive NY on or before June 1, 2021". This means that Lesh Exporter obtained the bill of lading as the beach chairs were loaded on the ship and this is the document presented for payment. As a result, the seller has fulfilled the terms of the letter of credit and the bank has an obligation to pay. Thus Garcia cannot stop the letter of credit since the seller has fulfilled the terms of the letter of credit by presenting a bill of lading to the issuing bank.

Under the letter of credit guidelines, even if Garcia will suffer major financial losses, payment cannot be canceled without the consent of the issuing bank and the beneficiary. Due to the fact it was not for the negligence of Lesh Exports to deliver the beach chairs order on time, it was cause that the seller couldn't control. However, only Lesh Exports, the beneficiary, can initiate the cancellation by a written declaration within the validity period of the letter of credit.

D Question 18 1 pts One of the answers typically leads to two previously different firms being under joint ownership. Which one? Omergers and acquisitions business mergers government regulation business acquisitionsQuestion Completion Status: the Finished Goods inventory account. QUESTION 50 Given total fixed costs are $15,000 for the period and variable costs are $5 per unit, what is the total cost at an activity level of 8,000 units? $15,000. O $55,000. $40,000. $23,000.Lab Micro Fall 2019 BONUS #1 (2 points): For all of the following questions, draw the Flowchart corresponding to them by hand then capture it and submit it online. Incorrect flowchart gets 0 points (no partial points). General Notes: 1. If part of the problem needs a loop, then you must draw the loop. 2. If part of the flowchart calls a subroutine, then you must draw the flowchart of the subroutine. 3. All flowchart must be labeled (e.g. main, delayD, operationX, .. etc.) 4. Each step should be unambiguous (i.e. well defined (i.e. cannot be interpreted in two different ways)). Question1 (0.5 points): Draw a flowchart for an 8051 program that adds two 16 bits numbers, call them x, and y, then the result is stored in z. Note: 8051 uses registers of length 8bits, then you have to show how the flowchart deals with this problem (hint: check Lab 2's exercise). Question2 (0.5 points): Draw a flowchart for an 8051 program that reads a list of data from the RAM starting at location S (S E [20H, 7FH]). The list is terminated by the value OH. The program then calculates the difference between number of evens and number of odds in the list (0 is not even nor odd). Question3 (1 points): Draw a flowchart for an 8051 program that works as a vending machine. Each switch connected to port 1 is considered as 50Fils coin. The user should turn switches ON and OFF which correspond to the amount of 50filses he inputted. The program then counts the number of 50Filses and output number of 100Filses to port 2, and number of the remaining 50Filses to port 3. (the program should loop forever). Example: If: Port1: 00111011 ;0+0+50+50+50+0+50+50 = 250Fils Then: Port2: 00000010 ;2x100Fils Port3: 00000001 ;1x50FilsDATA STRUCTURES LAB TASKS AND REPORT FORMAT Page:"3 Instruction : show your working plan in flowchart or state diagram or pseudo code. Task 10 a : 1. Use random number generator to generate sample data. 2. Implement MERGE SORT by using data generated in (1) 3. Print Content of unsorted Data and Sorted Data on screen for inspection. 4. Paste print screen results for report writing. Task 10 b 1. Prepare a Lab ReportO $60,000. $62.000. QUESTION 14 was $12.000. The Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account during the month. The ending balance How much did the company receive from customers during the month? $52.000. O $50,000. $62,000. $48,000. QUESTION 15 The assumption that the assets and liabilities of the business are accounted for on the books of the company but not included in the records of the owner is the: O Monetary unit assumption. Going concern assumption. Economic entity assumption. Periodicity assumption. QUESTION 16 The financial statement(s) that record activity over an interval of time include the: O Balance sheet Income statement. Balance sheet and income statement. Income statement and statement of cash flows