A.The balance of payments is a digital table of all the economic transactions between residents of the reporting country and residents of the rest of the world during a given time period.B.The balance of payments is a figured table of all the economic transactions between residents of the rep...
Goods and services together make up a country'sbalance of trade (BOT). The BOT is typically the biggest bulk of a country’s balance of payments, as it makes up totalimports and exports. If a country has a BOT deficit, it imports more than it exports, and if it has a BOT surplus,...
8 单选(2分)___from your monthly pay your income tax payments, and what is left is take-home pay. A. abstract B. subtract C. distract D. attract 相关知识点: 试题来源: 解析 B 本题考查动词词义辨析,需要选择一个合适的动词来描述从月薪中扣除所得税的过程。 "subtract" 意为“减去”,符合...
Definition of Expenses and Payments Under the accrual method of accounting, expenses are costs that have been used up or have been incurred in the process of earning revenues and/or operating a business. A payment is a disbursement of money (usually in the form of a check or currency). ...
If the beneficiary (seller) conforms to the letter of credit, the seller must be paid by the bank. (3)The main feature of L/C is originally from importers fulfilling the "Cash Against payment" transfer of the responsibility borne by the banks. For example, banks will undertake to assume ...
Digital payments can happen both online and in-person. An example would be a customer using Apple Pay at a coffee shop to pay for a latte in the morning. What is the meaning of digital payments? The phrase “digital payment” refers to any payment method that happens virtually. This inclu...
The accounts payable department also works to reduce costs by developing strategies to save a business money. For example, paying an invoice within a discount period that many vendors provide. AP is also a direct line of contact between a business and its vendor representatives. Strong business ...
This involves changing the prices of your products based on market trends, supply and demand, inventory level and customer expectations. Being flexible with your pricing strategy is key to remaining competitive in the e-commerce market – for example, price matching a competitor’s products. ...
Real World Example of Finality of Payment With the rise of online bill payment services, many customers have had to question when exactly the money they have transferred to pay their bills has been officially received. This is because many online banking and bill payment services use theAutomatic...
An electronic funds transfer or EFT payment is the overarching term for different ways money moves electronically.