Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 09, 2024

As a general rule, what is the currency used in an ocean freight quotation? Explain.

Step by Step Solution

★★★★★

3.53 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below Ocean freight quotations are typically ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

324300980, 978-0324300987

More Books

Students also viewed these Economics questions

Question

★★★★★

Part 1. Company selection: Select a publicly-traded company that has an inventory account on its balance sheet. This means that you cannot pick a financial institution or a company that is a service...

Answered: 1 week ago

Question

★★★★★

Refer to the statement of financial position for Daimler AG as shown on pages A-10-A-11. Required 1. What is the currency used in preparing this statement? 2. Identify at least three differences in...

Answered: 1 week ago

Question

★★★★★

A recent headline reads "Trump tariffs send China nuts about Australian almonds" - Financial Review, 8/13/2018. This article provides the following details: China, which accounts for 80 per cent of...

Answered: 1 week ago

Question

★★★★★

Window World extended credit to customer Nile Jenkins in the amount of $130,900 for his purchase of window treatments on April 2. Terms of the sale are 2/60, n/150. The cost of the purchase to Window...

Answered: 1 week ago

Question

★★★★★

You are an independent consultant, hired by the Vice President of Construction, American International Automotive Industries (AIAI). Review Case Problem S7-1. Conduct an appropriate quantitative...

Answered: 1 week ago

Question

★★★★★

=+s. Cost of advertising in a national magazine.

Answered: 1 week ago

Question

★★★★★

What are some of the distinguishing features of third-force psychology?

Answered: 1 week ago

Question

★★★★★

For more than forty years, Rose Cipollone smoked between one and two packs of cigarettes a day. Upon her death from lung cancer, Roses husband, Antonio Cipollone, filed suit against Liggett Group,...

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress A company is considering purchasing factory equipment that costs $400000 and is estimated to have no salvage value at the end of its 5-year useful life. If the equipment...

Answered: 1 week ago

Question

★★★★★

The following is the post-closing trial balance for Kennesaw Company, Inc (KCI), a merchandising company, at December 31, 2024. Account Title Cash Accounts Receivable Allowance for Uncollectible...

Answered: 1 week ago

Question

★★★★★

2. Heller Airlines is considering two mutually exclusive projects, A and B. The projects have the same risk. Below are the cash flows from each project: Year 0 1 Project A Cash Flow Project B Cash...

Answered: 1 week ago

Question

★★★★★

Last chance to redeem my terrible drawings! h d3 m dz The simplified image above depicts how water towers provide pressure to homes in the surrounding area. A tower maintains a reservoir of water at...

Answered: 1 week ago

Question

★★★★★

Question 1: (Suggested 250 words per section) 1.1 What items might Susan present to the GM regarding the value of a green program in addition to the potential for business such as CERES? 1.2 What...

Answered: 1 week ago

Question

★★★★★

In your personal circumstances at this point in time, which would you prefer - a defined benefits plan or a defined contributions plan? Explain

Answered: 1 week ago

Question

★★★★★

Strategic decision-making will determine the direction of any organisation. Some oorganisations make better strategic decisions than others. Various processes exist to make a strategic decision;...

Answered: 1 week ago

Question

★★★★★

Iqbal Corporation produces and sells a single product, has provided its contribution format income statement for March. Sales (17,000 units) Rs. 2,210,000 Variable Expenses 1,530,000 Contribution...

Answered: 1 week ago

Question

★★★★★

Part 6 This section of the project is a continuation from Part 5. Use the information from the previous section and follow the instructions below using the Excel work you have already completed in...

Answered: 1 week ago

Question

★★★★★

Explain the operation of the dividends received deduction.

Answered: 1 week ago

Question

★★★★★

The Oakwood Corporation is delinquent on a $2,400,000, 10% note to the Second National Bank that was due January 1, 2007. At that time Oakwood owed the principal amount plus $34,031.82 of accrued...

Answered: 1 week ago

Question

★★★★★

The Winsey Company purchased equipment on January 2, 2007 for $700,000. The equipment has the following characteristics: Estimated service life ... 20 years ... Estimated residual value ... $50,000...

Answered: 1 week ago

Question

★★★★★

Revenue usually is recognized at the point of sale. Under special circumstances, however, bases other than the point of sale are used for the timing of revenue recognition. Required 1. Why is the...

Answered: 1 week ago

Question

★★★★★

=+c. Based on results in (a) and (b), do you think the exponential distribution is a good one for modeling human lifetimes?

Answered: 1 week ago

Question

★★★★★

=+Suppose the number of times (i.e., cycles) you can connect and disconnect such a system until a membrane wears out is modeled by an exponential distribution with a mean time to failure of 5 500...

Answered: 1 week ago

Question

★★★★★

=+c. Suppose a manufacturer of such systems wants to increase their reliability by specifying that R(100) 5 .95. What is the mean time to failure (in cycles) for such a system?

Answered: 1 week ago

Previous Question Next Question