One of the following is false about a letter of credit. which one?

a) the importer and exporter agree on a transaction.
b) the importer applies to its local bank for the issuance of a letter of credit.
c) the exporter applies to its local bank for the issuance of a letter of credit.
d) the importer's bank cuts a sales contract based on its assessment of the creditworthiness of the importer

How do communism and socialism differ in terms of the role that government plays in the economy ?

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?