A cargo vessel is owned by A. While on the ocean, the vessel springs a bad leak. The captain throws cargo overboard that belongs to B and C to make the vessel lighter. D also has cargo on the vessel which remains in the vessel and is not damaged or removed. Who will file a claim for general average against whom?
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Option B.
Since the vessel A has leaked and vessel B is intact, D can file a general average claim against A. Since B and C are removed from the vehicle and thus cannot file the claim.
A cargo vessel is owned by A. While on the ocean, the vessel springs a bad...
1. When 385 junior college students were surveyed, 170 said that they have previously 1). owned a motorcycle. Find a point estimate for p. the population proportion of students who have previously owned a motorcycle. A) 0.558 B) 0.442 C) 0.306 D) 0.791 2. True or False: The general form of a large-sample (1 - a) 100% confidence interval 2) p(1-P) for a population proportion pis ptz, where p = is the sample proportion of observations with the characteristic of...
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P6-3 (Algo) Determining Bad Debt Expense Based on Aging Analysis
LO6-2
[The following information applies to the questions
displayed below.]
Blue Skies Equipment Company uses the aging approach to estimate
bad debt expense at the end of each accounting year. Credit sales
occur frequently on terms n/60. The balance of each account
receivable is aged on the basis of three time periods as follows:
(1) not yet due, (2) up to one year past due, and (3) more than one...
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