Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![TRIAL QUESTION
The following data was collected by an average adjuster assigned to
adjust for a vessel on average after a serious fire broke out on board
endangering the whole adventure resulting in both ship and cargo
sustaining GA damage in addition to PA losses.
GA damage to ship
GA damage to Cargo
PA damage to Ship
PA damage to Cargo
GA expenditure(paid by owner)
Gross amount of freight at risk = 500,000
Freight contingent expenditure =
Ship's sound value
Total invoice value of cargo
Adjusting according to YAR show your calculations in arriving at the
GA contributions of the interests you identify in this adventure.
= 560,000.
= 1,215,000.
800,000
= 1,675,000
= 424,000
30,000
=5,000,000
%3D
=8,000,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F379f84d6-4a2a-43d2-b10f-127daf2431f8%2F0d2ba223-fbde-4325-a474-f12c19bdd4cd%2Fgy47xey_processed.jpeg&w=3840&q=75)
Transcribed Image Text:TRIAL QUESTION
The following data was collected by an average adjuster assigned to
adjust for a vessel on average after a serious fire broke out on board
endangering the whole adventure resulting in both ship and cargo
sustaining GA damage in addition to PA losses.
GA damage to ship
GA damage to Cargo
PA damage to Ship
PA damage to Cargo
GA expenditure(paid by owner)
Gross amount of freight at risk = 500,000
Freight contingent expenditure =
Ship's sound value
Total invoice value of cargo
Adjusting according to YAR show your calculations in arriving at the
GA contributions of the interests you identify in this adventure.
= 560,000.
= 1,215,000.
800,000
= 1,675,000
= 424,000
30,000
=5,000,000
%3D
=8,000,000
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