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choli [55]
3 years ago
13

An advantage of the Free Alongside Ship Incoterms Rules is the thorough documentation of the receipt of goods at a port hold are

a or to quay alongside the ship.
a. True.
b. False.
Business
1 answer:
Lena [83]3 years ago
4 0

Answer:

The correct answer is False.

Explanation:

Incoterms are rules coordinated by the international community to arrange deliveries of products in advance and avoid inconvenience.

The Black’s legal dictionary explains that Incoterms are “standardized shipping terms, defined by the International Chamber of Commerce (ICC), that allocate costs and responsibilities between buyers and sellers for international freight transport.”

Although they do not constitute an international standard proper, as the ICC website explains, “they have been incorporated into contracts for the sale of products around the world, and serve as rules and as a guide to importers, exporters, lawyers, carriers, insurers and international trade students ”.

Regarding the delivery of the merchandise:

If the contract between the parties provides for the delivery of goods in accordance with the term EXW, then this will be made at the seller's factory or at the place it determines (for example, a deposit). In this case, the seller should not be responsible for transport costs, customs duties or liability for transport damage. Neither of the costs of loading the goods in the transport vehicle.

If the parties agree that the delivery be made in accordance with the term FCA, then the seller must deliver the goods to the carrier or to another person nominated by the buyer at a site established between the two, which is usually the international shipping point. It implies that the seller must face all transport costs and risks until the moment of delivering the goods; In addition to assuming customs costs at the boarding point.

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Productivity is declining when: A) the number of hours worked exceeds the number of workers. B) population growth exceeds real G
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Answer: b. When population exceeds real GDP growth

Explanation:

Gross domestic growth(GDP) is the monetary value of all finished goods and services done within in a country over a period of time. When the population of a country exceeds what it produces there would be record in decline in productivity of the country. This is a serious problem as it could lead to other factors as scarcity(having high demand and low supply), it could lead to poverty as there won't be much jobs as production is not commensurate with population.

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On March 31, the end of the first month of operations, Barnard Inc. manufactured 15,000 units and sold 12,000 units. The followi
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Answer and Explanation:

The computation of the unit cost of goods manufactured is shown below:

<u>Particulars                  variable costing      absorption costing</u>

variable cost of             $108                     $108

goods manufactured  ($1,620,000 ÷ 15,000)

Fixed manufacturing

cost                                                         $14

                                           ($210,000 ÷ 15,000)

unit cost of goods

manufactured           $108                     $122

3 0
2 years ago
The cash coverage ratio is used to evaluate the:Liquidity of a firmSpeed at which a firm generates cashLength of time that a fir
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Answer:

The correct answer is letter "C": Ability of a firm to pay the interest on its debt.

Explanation:

The cash coverage ratio is a metric that measures a company's ability to pay its financial obligations. Generally, the higher the coverage ratio the better for the business to meet its debt obligations. It is best to compare coverage ratios of companies in the same industry or sector in the economy. Comparisons across industries are not useful as companies in different industries use debt in different ways.

5 0
3 years ago
At the beginning of the year, Monroe Company estimates annual overhead costs to be $2,400,000 and that 300,000 machine hours wil
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Answer:

The amount of overhead applied during the year is $2,400,000

Explanation:

In determining overheads amounts to be included in product costing, a company uses Budgeted overheads.

Budgeted overheads are used rather than actual overheads because of the delays that are made to obtain Actual data for Actual overhead amounts which will delay product costing.

Therefore Using machine hours as a base, the amount of overhead applied during the year is $2,400,000

8 0
3 years ago
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