Mafia Bank issues a letter of credit in favor of Darwin's Depot, a U. S. firm, to facilitate an international sales contract to buy crafts from Zambinia, a remote island country off the coast of Brazil. Mafia Bank must verify that the crafts arrived unbroken.

b.
make payment when Zambinia presents the letter of credit.

c.
make sure each party performs it's obligations under the contract.

d.
verify with Zambinia that they shipped the crafts.

Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400 .$186,800.

If a bond is issued at a premium the effective interest rate is most likely

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.