1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
goldenfox [79]
3 years ago
13

The letter of credit from the customer contains the following terms: INSURANCE POLICIES OR CERTIFICATES IN DUPLICATE ENDORSED IN

BLANK FOR FULL C.I.F. INVOICE VALUE PLUS 10PCT COVERING MARINE INSURANCE AS PER INSTITUTE CARGO CLAUSES (A) DATED 1.1.2009 AS PER INSTITUTE STRIKES CLAUSES (CARGO) DATED 1.1.2009 AND INSTITUTE WAR CLAUSES (CARGO) DATED 1.1.2009 INCLUDING THEFT PILFERAGE NON-DELIVERY WAREHOUSE TO WAREHOUSE AND CLAMS IF ANY IS PAYABLE AT U.A.E. Please confirm the information to complete the insurance policy.​
Business
1 answer:
Alex777 [14]3 years ago
4 0

Answer:

Letter of credit conditions must be clear and precise without leaving any room for ambiguity.

In terms of insurance documents, the letter of credit must clearly states:

The amount of insurance coverage

The assured party

If endorsement is required and its method

The insurance coverage as per Institute Cargo Clauses

Following insurance document condition stated in swift message MT 700 under field 46A – Documents Required is a good example:

Letter of Credit Example:

44E: Port of Loading/Airport of Departure

Any Port in Ecuador

44F: Port of Discharge/Airport of Destination

Mundra Port, India

You might be interested in
Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 23 units $16 5 Sale 1
Allisa [31]

Answer:

(a) the cost of the goods sold for the September 30 sale and

  • COGS = $415

(b) the inventory on September 30.

  • Ending inventory = 9 units at $17 = $153

Explanation:

date        transaction           units         unit price          total

1              beginning inv.        23                $16               $368

5             sale                        -13                                    ($208)

17            purchase               24                 $17               $408

30           sale                       -25                                    ($415)

30           ending inv.              9                 $17               $153

When we use first in, first out (FIFO) inventory method, the price of the units sold are calculated using the oldest units in inventory.

The COGS of the units sold on Sept. 5 = 13 units x $16 = $208

The COGS of the units sold on Sept. 30 = (10 units x $16) + (15 units x $17) = $160 + $255 = $415

Ending inventory = 9 units at $17 = $153

4 0
3 years ago
Which of the following is an example of a successful effort at branding?
ruslelena [56]

The correct answer is B. The word "google" has been added to the dictionary.

Explanation:

Branding implies making the name, symbol, and purpose of a company identifiable for the customers. This means, the customers known the purpose of the company, its products, and they can easily remember the name of it, which is important to make a company stood out over similar companies. Additionally, branding often implies customers associate any element of the company with positive ideas.

Branding can be seen in the case of Google company and the fact the name of the company was added to the dictionary because this shows the name of the company and products of it are identified by thousands of consumers, which shows how effective was the branding strategy of the company to define the identity of the company and convey this idea to customers.

7 0
4 years ago
The interest accrued on $7,500 at 6% for 90 days is:
Oksi-84 [34.3K]
405,000
HOPE THIS HELPS!!!!!!! ;-)
3 0
4 years ago
A factor that most influences changes in consumer demand is
aksik [14]
A factor that most influences changes in consmer demand is pice makes the most senice to me good luck
4 0
3 years ago
Read 2 more answers
A retired auto mechanic hopes to open a rustproofing shop. Customers would be local new-car dealers. Two locations are being con
Lady bird [3.3K]

Answer:

X = 325 cars will yield same profit in both locations

Explanation:

Location                                            City                                         Outskirts

Dealer Price                                        $                                            $

(98 x 330)                                       32340                                       32340

Labour,Material                                                                                    

and Transportation Cost              

($30/car x 330 cars)                         (9900)                                          

( $38/car x 330 cars)                                                                           (12540)

<u>Fixed Cost                                          (6950)                                        (4350)</u>

Profit                                                  15,490                                       15450

City will yield greatest profit if monthly demand is 330 cars

Location                                            City                                         Outskirts

Dealer Price                                        $                                            $

(98 x 430)                                           42,140                                     42,140                                      

Labour,Material                                                                                    

and Transportation Cost              

($30/car x 430 cars)                         (12900)                                          

( $38/car x 430 cars)                                                                           (16340)

<u>Fixed Cost                                           (6950)                                        (4350)</u>

Profit                                                   22,290                                       21450

City will yield greatest profit if monthly demand is 430 cars

b)

let X be the volume of output for both sites to yield same profit

City

Dealer Price = 98X

Labour, material and transportation= 30X

Fixed cost = 6950

Profit = 98X-(30X+6950)

Outskirts

Dealer Price = 98X

Labour,Material and transportation = 38X

Fixed Cost = 4350

Profit = 98X-(38X+4350)

Both Profits are same therefore

98X-30X-6950 = 98X-38X -4350

-30X+38X = -4350+6950

-8X = 2600

X = 325 cars will yield same profit in both locations

3 0
4 years ago
Other questions:
  • Question 9 of 25 : What does unity of command mean?
    8·1 answer
  • Can someone think of a company that cost up to at least 100k that doesn’t exist
    8·1 answer
  • The _____ section of the business plan tells the reader what the organization is committed to doing.
    13·1 answer
  • Tetious Dimensions is introducing a new product and has an expected change in net operating income of $790,000. Tetious Dimensio
    6·1 answer
  • Use one of your research accidents specifically and briefly explain it.a. Determine if this type maintenance-related error happe
    9·1 answer
  • When Tim first started working at a new company, a coworker named Yacine filled him in on things not spelled out in the employee
    12·1 answer
  • After initial investigation into this topic, you suspect that several problems you identified in your scope statement might not
    9·1 answer
  • Consider the following activities that take place in a veterinary clinic.
    11·1 answer
  • Riverbed Company sells goods that cost $320,000 to Ricard Company for $407,000 on January 2, 2020. The sales price includes an i
    6·1 answer
  • A $1000 bond with a coupon rate of 6.2% paid semiannually has eight years to maturity and a yield to maturity of 8.3%. If intere
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!