The Mary Queen, an ocean-going oil tanker, negligently collided with a large freighter. The Mary Queenis insured
Question:
a. Damage to the Mary Queen
b. Damage to the freighter
c. Death or injury to the crew members on the freighter
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a Damage to the Mary Queen is covered under the hull insurance policy b Damage to the ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Principles Of Risk Management And Insurance
ISBN: 399
12th Edition
Authors: George E. Rejda, Michael McNamara
Question Posted:
Students also viewed these Corporate Finance questions
-
For each of the following sets, determine whether 2 is an element of that set. a) {x R | x is an integer greater than 1} b) {x R | x is the square of an integer} c) {2, {2}} d) {{2}, {{2}}} e)...
-
Explain and give an example for each of the following types of variables: (a) Equal-interval, (b) Rank-order, (c) Nominal, (d) Ratio scale, (e) Continuous.
-
For each of the following ratios, indicate what adjustment must be made to net income in the numerator and whether the adjustment is an addition to (A) or a deduction from (D) net income. Ratio...
-
solve the following instance of the 0/1 kropsack problem using dynamic programming approach. Assume that the knapsack capacity is 9. Item 1 3 4 weight 6 2 5 7 Benef $8 $4 $6 $10
-
Change each of the following percents into a decimal. (a) 185% (b) 7.5% (c) 0.4% (d) 0.025% (e) 1 % (f) % (g) 162 % (h) 11 % (i) 8 1/3% (j) 83 1/3% (k) 266 2/3% (l) 10 3/8%
-
On average, men are better auto drivers than women. True/False
-
How would you describe the concepts of role conflict and ambiguity and how they relate to an employees level of motivation? LO.1
-
According to data from the U.S. Department of Energy, the average retail price of regular gasoline rose from $1.16 in 1990 to $2.52 in 2015, a 117% increase. a. Other things equal, describe the...
-
M3-8 (Algo) Determining the Financial Statement Effects of Operating Activities involving Expenses LO3-4 The following transactions are July activities of Bennett's Bowling, Inc., which operates...
-
1. Complete pages 1 and 2 of Form 1040 for Marc and Michelle. 2. Complete Schedule 1 of Form 1040 for Marc and Michelle. (use the most recent form available). Form 1040: Not sure if correct? Schedule...
-
a. Janet is the risk manager of Daily News, a daily publication in a highly competitive market. She wants to be certain that the newspaper will continue to be published if the company's printing...
-
An Ocean Transfer cargo ship was forced to jettison some cargo during a severe storm. The various interests in the voyage at the time the property was jettisoned are the following: Value of the ship...
-
Berlin Company is in a world of hurt. For the past 15 years, the company has been the exclusive toy supplier to Infants-R-Us toy stores. Unfortunately for Berlin Company, Infants-R-Us just declared...
-
St. Cecilia's Health System's current culture may be defined by a blend of historical ideals and problems. Given its history of primarily caring for women and children, it is likely to place a...
-
For this assignment, imagine we are the supervisor of case managers who come to us for support and guidance. You have noticed a theme of questions that are frequently asked, which mostly surround...
-
Audio Partners needs to invest in the next level of technology in order to be competitive. The company is exploring the purchase of a new piece of equipment that will cost $1,500,000, at an expected...
-
Choose a real company of their choosing and will focus on ways to help increase the company's digital consumer engagements. For example, how can the company better drive increased revenue, sales,...
-
Four morally and ethically relevant principles have been examined regarding scarcity and include: Treating people with consistency through the use of a lottery or first-come first-served basis...
-
Compliance testing tests what?
-
Horse serum containing specific antibody to snake venom has been a successful approach to treating snakebite in humans. How do you think this anti-venom could be generated? What are some advantages...
-
Identify two observations that are inconsistent with the baseball-cap-wearing theory of cheating on an exam.
-
Should a good job of loss adjusting always involve the claims adjuster negotiating the lowest possible dollar amount of claims settlement?
-
What incentives does the insurer have to settle claims fairly?
-
Most markets consist of buyers and sellers. The chapter suggests that the insurance market has three participants. Who is the third participant, and what is its role in the market?
-
Your company produces a health magazine. Its sales data for 1 - year subscriptions are as follows: Year of Operation Subscriptions Sold % Expired at Year End 2 0 2 0 $ 3 0 0 , 0 0 0 5 2 0 2 1 $ 6 4 7...
-
Problem 3 - 2 0 ( Static ) Calculate profitability and liquidity measures LO 3 - 3 , 3 - 4 , 3 - 6 Presented here are the comparative balance sheets of Hames Incorporated at December 3 1 , 2 0 2 3...
-
3 Required information [The following information applies to the questions displayed below) John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter. Samantha. In 2020,...
Study smarter with the SolutionInn App