List and explain the major types of ocean marine loss exposures
What will be an ideal response?
Hull, Cargo, freight, and liability. Hull includes the value of the ship and its equipment. Cargo is the value of the goods being shipped. Freight is the loss of income the shipowner incurs when a shipment is lost. Liability is the loss suffered if the ship is legally responsible for injuring other people or property.
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The manipulation of revenues and expenses to achieve a specific outcome is called
a. earnings management. b. the matching rule. c. adjusting entries. d. revenue recognition.
The Income Statement columns of the work sheet show all the accounts that need to be closed
Indicate whether the statement is true or false
On some Stafford Loans the government covers interest payments while you are in school
Indicate whether the statement is true or false.
Glen wants to take a holiday that costs $8,850, but currently he only has $2,750 saved. If he invests this money at 8 percent interest compounded annually, how long will he have to wait to take his holiday? Use a financial calculator to make the calculation.?
A. ?12.36 years B. ?16.25 years C. 15.19 years? D. ?13.52 years E. ?14.12 years