Ross Manufacturing wants to sell foreign exchange on a spot basis and contracts with an international bank to handle the transaction. What is the most likely reason that Ross uses an international bank in this case?
A) The bank can customize the spot to meet Ross' needs.
B) Laws require that banks handle spot transactions.
C) The bank will not charge Ross a service fee.
D) Ross is a U.S. organization.
A
Business
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A negative net present value indicates that the
a. project is acceptable. b. wrong discount rate was used. c. project's annual rate of return exceeds the discount rate. d. present value of the cash inflows was less than the present value of the cash out flows.
Business
When the price of product is reduced through a trade allowance, it is referred to as being:
A) on-deal B) off-deal C) a side deal D) a slotting fee
Business