Use the Information to Answer the Following Question(s)

question 56

Multiple Choice

Use the information to answer the following question(s) .
Cypress Systems Inc., of Florida, agrees to sell specialized hydroponic growing equipment to Landcaster's of Australia. Because the two companies have never done business with each other, Cypress requires a banker's acceptance as payment for the $1,000,000 order. The banker's acceptance carries a 1.4% commission per annum and payment is to be received in 6 months. If Cypress Inc. chooses to discount or sell the banker's acceptance to its bank, the discount rate is 1.00% per annum.
-Refer to Instruction 16.1. What is the size of the commission Cypress will pay the bank for the banker's acceptance?

• A) $7,000
• B) $5,000
• C) $12,000
• D) $14,000

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Discrimination

Unfair or prejudicial treatment of individuals based on certain characteristics such as race, age, or gender.

Identifiable Minority Groups

Sections of a population distinguished by physical or cultural traits, who are fewer in number compared to the majority and possibly subject to differential treatment.

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Characteristics or attributes that are legally safeguarded against discrimination, such as race, religion, or gender.

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Legislation that codifies protections related to fundamental human rights and freedoms, often including the right to life, freedom of expression, and equality before the law.