The function of a letter of credit is to substitute the credit of a recognized international bank for
that of the buyer.
Indicate whether the statement is true or false
TRUE
Business
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Which of the following steps must be completed before preparing the adjusted trial balance?
A) preparing the post-closing trial balance B) posting of journal entries to the accounts C) preparation of the closing entries D) preparation of the financial statements
Business
Which of the following statements is true regarding repeat rates?
A) Repeat rates tend to increase. B) A product can be successful without a high repeat rate. C) A low repeat rate indicates lack of brand awareness. D) For frequently purchased products, repeat rates are the key to success.
Business