​A ____ Provides a Summary of Freight Charges and Conveys

question 29

Multiple Choice

​A ____ provides a summary of freight charges and conveys title to the merchandise in an international shipment.

• A) ​letter of credit
• B) ​banker's acceptance
• C) ​bill of lading
• D) ​bill of exchange

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity.

Long-term Liabilities

Financial obligations of a business that are due more than one year in the future, such as bonds payable, long-term loans, and lease obligations.

Accounts Payable

Obligations owed by a company to its creditors or suppliers for goods and services received but not yet paid for.

Current Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets, indicating liquidity.