Which Set of Documents Generally Represents the Minimum Documentation Required

question 38

Multiple Choice

Which set of documents generally represents the minimum documentation required to clear a shipment through customs?

• A)packing list,commercial invoice
• B)bill of exchange,commercial invoice
• C)certificate of origin,bill of exchange
• D)packing list,insurance certificate
• E)letter of credit,commercial invoice

---

Definitions:

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Net Cash Flows

The difference between a company's cash inflows and outflows over a specific period.

Accounting Rate

Typically refers to the rate of return or interest rate used in financial calculations, such as net present value or internal rate of return.

Straight-Line Method

A method of calculating depreciation of an asset, which involves evenly spreading the cost of the asset over its useful life.