An Exporter Has Just Received a Banker's Acceptance Created by an International

question 7

Multiple Choice

An exporter has just received a banker's acceptance created by an international transaction. If the banker's acceptance has a face value of $250,000, current rates on banker's acceptances are 6%, and the bank charges a commission of 1% per annum, how much will the exporter receive if he sells the acceptance in the secondary market six months prior to maturity?

• A) $250,000
• B) $244,000
• C) $242,500
• D) $241,250

Recognize and explain the importance of the activity index and its role in cost behavior.

Distinguish between different types of costs and their behavior in relation to business activities.

Demonstrate the ability to apply various accounting tools for business decision-making, such as the high-low method.

Understanding the principles of classical conditioning.

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Definitions:

Accuracy

In the context of information and measurement, accuracy refers to the closeness of a given measurement or value to its true value.

Dissociation

A split in consciousness in which one part of the mind operates independently of others.

Hypnosis

A therapeutic technique or state of concentration and focused attention designed to heighten suggestibility and receptiveness to direction, often used for behavior modification.

Role Playing

A method or technique used in training and therapy that involves acting out roles or situations to improve skills or understand perspectives.