What are the purposes of a commercial invoice and a packing list?
What will be an ideal response?
A commercial invoice is issued by an exporter and given to an importer. A commercial invoice contains a detailed description of the merchandise in question, including the unit prices of the items and the number of items that are being shipped. The invoice also specifies the financial terms of the sale, including the amount due from the importer and any charges to the importer arising from insurance and shipping.
A packing list contains a description of the merchandise to be exported, including the containers in which the goods are packed, the contents of each container, and the total number of containers.
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What are the three security objectives of audit trails? Explain
The value at which one share of stock can be bought or sold is called
a. book value. b. call value. c. par or stated value. d. market value.
Held-to-maturity securities are always debt securities, and never equity securities
Indicate whether the statement is true or false
Fleming Inc manufactures and sells wooden bookshelves. Which of the following steps in the manufacturing cycle would be considered non-value added time?
A) Time spent cutting the wood for the bookshelves. B) Time spent assembling the bookshelves. C) Time spent moving the bookshelves from the assembly department to the staining department. D) Time spent staining the bookshelves.