Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

When the beneficiary of an L/C submits in writing to the opening bank a request to transfer all or part of the L/C's credit to

When the beneficiary of an L/C submits in writing to the opening bank a request to transfer all or part of the L/C's credit to a third party, it is known as a payment Select one: a. assignment of proceeds b. irreconcilable c. draft d. documentary

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Gold And Debt An American Hand Book Of Finance With Over Eighty Tables And Diagrams Illustrative Of The Following Subjects The Dollar And Other Units Paper Money In The United States And Europe Gold And Silver In The United States And Europe

Authors: Fawcett William Lyman

1st Edition

1313124508, 9781313124508

More Books

Students also viewed these Finance questions

Question

★★★★★

How is the net asset value for a mutual fund calculated?

Answered: 1 week ago

Question

★★★★★

In the following we check the diffusion properties of AES after a single round. Let A =(A0,A1,A2,A3)=(0x01000000, 0x00000000, 0x00000000,0x00000000) be the input in 32-bit chunks to a 128-bit AES....

Answered: 1 week ago

Question

★★★★★

Minimizing toxicity in the organization includes valuing the truth of the whole. This strategy is best described and involves understanding a. full disclosure of involved individuals. b. pros and...

Answered: 1 week ago

Question

★★★★★

Snowy Peaks Corporation was organized in January 2009 and issued shares of preferred and common stock as shown. As of December 31, 2012, there have been no changes in outstanding stock. Preferred...

Answered: 1 week ago

Question

★★★★★

When the beneficiary of an L/C submits in writing to the opening bank a request to transfer all or part of the L/C's credit to a third party, it is known as a payment Select one: a. assignment of...

Answered: 1 week ago

Question

★★★★★

A company reported the following data: Required: Compute and prepare the net sales portion only of this company's multiple-step income statement

Answered: 1 week ago

Question

★★★★★

Davidson's Dolls had the following information in its Work in Process Inventory account for June: Work in Process Inventory Beginning balance 22,000 737,000 Transferred out Materials added 330,000...

Answered: 1 week ago

Question

★★★★★

Gary was driving back to the office from his off-site construction job on Friday. He had put in a long week and just wanted to go home. But a text from William back in the office reminded him to...

Answered: 1 week ago

Question

★★★★★

The next exercise is designed to use an interactive visualization tool. The file LaptopSales.csv is a comma-separated file with nearly 300,000 rows. It has been provided by ENBIS (the European...

Answered: 1 week ago

Question

★★★★★

Dr. Guest discussed the concept of "resource recovery" as a potential solution to sanitation challenges faced by developing communities. Using the information provided in the video and your own...

Answered: 1 week ago

Question

★★★★★

Problem 2-20 (Algo) Plantwide versus Multiple Predetermined Overhead Rates: Service Industry (LO2-1, LO2-2, LO2-3, LO2-4] McCullough Hospital uses a job-order costing system to assign costs to its...

Answered: 1 week ago

Previous Question Next Question