What are the advantages and disadvantages of letters of credit? http://www.answers.com/Q/Advantages_and_disadvantages_of_Letter_of_Credit Letter of Credit Advantages for both Importers and Exporters For the Exporter/Seller: Upon presentation of the specified documents (in strict conformance) the Buyer/Exporter is guaranteed payment (the exception is if the Issuing Bank folds) Eliminates risk of the buyer canceling the order and therefore reduces production risk Makes it easier for the Buyer/Exporter
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Accounting for partnerships Accounting for partnerships – Discuss the advantages and disadvantages of partnerships. Identify and discuss the Financial Accounting Standards (FAS) that govern accounting for partnerships including both creation‚ operation‚ and liquidation. What are the tax consequences of partnerships. The legal definition of a partnership is pretty simple. It is an association of two or more persons who have not incorporated; and carry on a business for profit as co-owners
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students having credit cards‚ it’s not an entirely bad practice. Credit cards can offer several advantages to college students. However‚ there are also dangers inherent in their use. Some of the advantages include: • Learning fiscal responsibility. Controlling their spending and limiting it to what they can repay doesn’t come naturally to most young adults‚ but they soon learn that it’s necessary if they are going to stay on top of their limited resources. • Building a credit history. It goes
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Topic: “Advertisements do more harm than good.” Discuss. In general‚ advertisements promote products or services to the public. Advertisers use all sorts of gimmicks to promote their own product. For example‚ fast-food restaurants promise attractive toys and prizes in “scratch and win” competitions. As a result‚ children badger their parents to take them to that particular fast-food restaurant. Many advertisements make misleading claims and promise instant solutions to people’s problems. For example
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Discuss the relative advantages and disadvantages for men and for women‚ of being single (=unmarried‚ unattached). Are these different in different countries? It is a common saying that if someone is being single‚ that people is a loser. However‚ there are a lot of people keen on being single even if someone who is married or attached for the advantages of being single. It should not be taken granted that every single people are loser or having good life. For people come from different countries
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Many college and university students use credit cards (Jones 9). “Credit cards are practical and useful and managing them is a fact of life” (Engen). Statistics from a recent study show that 76.8% of college student hold at least one credit card (qtd. in Jones 9). Of those students‚ 16% of students’ total debt is due to their credit card and 63% do not pay their balance in full each month (Jones 9-10). By debt I am referring solely to credit card debt; I am excluding student loans‚ auto loans‚ mortgage
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The Disney’s cruise line has many strength and most of those strengths are attributed to the brand name and image that Disney has created over the years. Walt Disney was ranked 7th in the top 50 Global Brand ranking of the “Weekly Business Magazine.” The Disney Company has entered many different market niches over the years. These market segments are utilized very well in the Disney cruise. The company is the second largest entertainment and media corporation around the globe. The characters
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force Automation (SFA) is used to automate functions of sales and sales force management (). SFA is an integrated system of computer software and hardware that performs sales functions. The use of SFA has many advantages for both sales managers and can give the company a competitive advantage over its competitors. However‚ SFA is not advantageous for all companies. The most primary function of SFA is that it ties together sales functions such as expense reports‚ sales call scheduling‚ territory
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the patient’s customary environment and form a strong partnership between the individual‚ public resources and resources in the individual’s environment (The History of Madness in Canada‚ 2009). Deinstitutionalization has some advantage and disadvantages. One of the advantages of deinstitutionalization it that patients are able to develop more meaningful lives by being involved with activities of their choice without the constraints of the hospital. Individuals are able to develop relationships with
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Discuss some Problems in Establishing Objectivity in Social Science * Scientists have heralded ‘objectivity’ as their shibboleth‚ warranting a perceived superior or privileged position relative to other forms of knowing. George Simmel‚ (1858 – 1918) for example‚ saw objectivity as the greatest achievement of Western cultural history. In recent decades however‚ the ‘magnificent Minotaur’ of objectivity (Gouldner‚ 1961-62: 1) has been pushed back into its lair‚ accused of acting as a subterfuge
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