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3 years ago

Which of the following is a correct statement regarding the shipment of goods?

Business

1 answer:

Nutka1998 [239]3 years ago

6 0

Answer:

The answer is A) The shipping document must be in paper form.

Explanation:

When you are shipping goods (specially if you´re exporting or importing goods) you need a lot of paperwork done. The carrier, customs official, the banks involved, insurance companies, etc., all require several types of documents. The most important ones are:

Proforma invoice
Bill of Lading
Shipper´s Letter of Instructions (SLI)
Packing List
Commercial Invoice
Customs documents
Certificates of Origin
Dangerous Goods forms
Bank Draft

And all those documents need to be in paper form and some require several copies.

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While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had be

wlad13 [49]

Answer: D. Derek assumed the risk of a bear attack by joining the tour group, so he cannot hold the tour company liable

Explanation:

Derek has to accept that by joining the tour group, he assumed some the risk of some elements of danger amongst them the bear attack.

Even though there had been no prior attack by bears in the mountain, a mountain hike still has some inherent danger in it and this includes bears. He cannot hold the tour company liable using this reason alone.

4 0

3 years ago

Alternative A Alternative B Materials costs $28,000 $64,000 Processing costs $34,000 $34,000 Equipment rental $11,000 $28,500 Oc

stira [4]

Answer:

$61,600

Explanation:

The differential cost analysis is an analysis in which the costs of two alternatives is taken into consideration and based on those costs it is decided that which alternative is suitable in terms of increment that has been lost by other alternative. That is why it is also known as alternative cost. To calculate the differential cost, it is simple, subtract the cost of 1st alternative from the 2nd and you will get the differential cost. Basically this tool helps in decision making when deciding to choose between two alternatives.

In the question we have been asked to find the differential cost of Alternative B over Alternative A, including all of the relevant costs. To do that first we need to find the differential costs among all the relevant costs and then sum all the differences to find the differential cost of Alternative B over Alternative A.

(a)

Differential Cost of Alternative B over Alternative A is;

Materials costs = $64,000 - $28,000 = $36,000

Processing costs = $34,000 - $34,000 = $0

Equipment rental = $28,500 - $11,000 = $17,500

Occupancy costs = $27,600 - $19,500 = $8,100

(b)

Now the Total Cost which is Differential Cost of Alternative B over Alternative A is;

$36,000 + $0 + $17,500 + $8,100

$61,600

6 0

2 years ago

You make $13.00 Per Hour. You work 40 hrs. a week for 5 weeks this month. Total Hrs. Worked = _____

tangare [24]

Answer:

assuming that this month was extraordinarily long, and had more days than any other month in history, you worked a total of 5 x 40 = 200 hours

Also, due to length of the month, you will earn 200 hours x $13 = $2,600

Generally months tend to have between 20-23 labor days

5 0

3 years ago

gamma manufacturing employs some of the top professionals in its field, and because of their skills and experience, gamma is hig

taurus [48]

Gamma Manufacturing employs some of the top professionals in its field, and because of their skills and experience, Gamma is highly efficient and outperforms its competitors. Gamma Manufacturing has a(n)<u> Competitive Advantage</u> over its competition.

A competitive advantage distinguishes a company from its competitors. It contributes to more significant prices, more customers, and brand loyalty. Creating such a competitive advantage is one of the most important goals of any firm. It is critical for corporate success in today's environment. Companies will struggle to exist if they do not have it. A competitive advantage enables a company to outperform its competitors. It refers to variables that allow a corporation to produce better services or items. "Competitive advantage" is a concept that is commonly used in business, but it can also apply to countries, organisations, and individuals.

Learn more about Competitive Advantage here:

brainly.com/question/13215401

#SPJ4

7 0

2 years ago

Manta Ray Company manufactures diving masks with a variable cost of $31. The masks sell for $40. Budgeted fixed manufacturing ov

riadik2000 [5.3K]

Answer:

When there is no change in the beginning and ending units of inventory i.e the units sold are equal to the units produced,the income under variable and absorption costing remains the same which is the condition in the given question.

Explanation:

If we have 80,000 units produced and sold then the income under both methods will be the same.

Manta Ray Company

Income Statement Variable Costing

Sales $40*80,000= $ 3200,000

Variable Costs $ 31*80,000= $ 2480,000

Contribution Margin $ 720,000

Less Fixed Costs $ $712,800

Gross Profit $ 7200

Manta Ray Company

Income Statement Absorption Costing

Sales $40*80,000= $ 3200,000

Variable Costs $ 31*80,000= $ 2480,000

Fixed Costs $ $712,800

Gross Profit $ 7200

If there is an increase in the inventory units ( ie. production is less than the Sales) the fixed manufacturing overhead cost is released from inventory and deducted from variable income.

Similarly when the inventory units decrease ( ie. production is more than the Sales) the fixed manufacturing overhead cost is deferred from inventory and added to variable income.

8 0

3 years ago