All categories

3 years ago

Institute for Marine Cargo Clauses Coverage C:

Business

1 answer:

Soloha48 [4]3 years ago

4 0

Answer: A

Explanation:

Coverage C is the one of the Institute Marine Cargo Clauses and it is also referred to as a "named perils policy". It lists risks that will be covered and the list is limited to stranding, fire, collision, jettison and sinking. It does not include damages from rough weather, water damages, washing overboard and losses while loading and unloading.

Coverage C is insufficient for containerized goods, except goods that will not be affected by an international journey and, there won't be a major loss if lost overboard. Coverage C fits bulk cargo, as a loss is unlikely unless the ship has a major damage.

You might be interested in

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the N

Virty [35]

Answer:

1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets?

3,400 helmets x 064 kgs per helmet = 2,176 kgs

2. What is the standard materials cost allowed (SQ × SP) to make 3,400 helmets?

2,176 kgs x $7 per kg = $15,232

3. What is the materials spending variance?

$15,484 - $15,232 = $252 unfavorable (because total expenditures on materials were higher than budgeted)

4. What is the materials price variance and the materials quantity variance?

materials price variance = [($15,484/2,346) - $7] x 2,346 = -$938 favorable (the purchase price per kg was lower than budgeted)

materials quantity variance = (2,346 - 2,176) x $7 = $1,190 unfavorable

4 0

2 years ago

Sheffield Corporation has 84,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to s

aliya0001 [1]

Answer: Please check in the explanation column for answer

Explanation: The entries on the appropriate dates to record the declaration and payment of cash dividend in Sheffield Corporation is given as

Nov 1.

Debit: Cash Dividends 84,000

Credit: Dividends Payable 84,000

Dec 31.

Debit: Dividends Payable 84,000

Credit: Cash 84,000

7 0

2 years ago

The federal funds rate is the interest rate that banks charge each other. T or f

sleet_krkn [62]

Answer: F

Explanation: The fed funds rate is the interest rate that depository institutions—banks, savings and loans, and credit unions—charge each other for overnight loans. The discount rate is the interest rate that Federal Reserve Banks charge when they make collateralized loans—usually overnight—to depository institutions.

5 0

3 years ago

In year 1 the average price of X is $10, and in year 2 the average price of X is $23. If consumers buy more units of X in year 2

xeze [42]

Answer:

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

If good X is a normal good and the consumers income increases, the demand for good X would increase

It would have been that the Law of demand not supply that didn''t hold

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

8 0

2 years ago

In the context of Lazarus's model of appraisal, which of the following defines the term reappraisal? a. Determining whether reso

gladu [14]

Answer:(d.) Evaluation of whether the response made to a demand or threat was effective

Explanation:

Richard Lazarus stated that stress is a process where the manufacturing of stressors by the surrounding, and the effect on an individual subjected to these stressors.

He also stated that these cognitive appraisal will happen when a individual considers two major element that add in his response to stress. These two element are as follow :

The baleful propensity of the stress to the individual, and

The classification of resources required to decrease, endure or decimate the stressor and the stress it produces.

3 0

3 years ago