True /falseThe variation of transport cost by FOB, CFR /CIFbrings more or less costs and changes the nature ofthe terms.Under FOB, insurance is an obligation for importer.DAT is only for sea or inland waterway transportationmode.Institute War/Strike Clause also have independent andcomplete structure, but can be covered separately onlyafter agreement from the insurer according to ICC.Under FCA, a seller is responsible for loading andunloading cargo at any agreed delivery point.Under FOB, insurance is an obligation for importer.

ANSWER: FALSE: The seller pays freight charges from port or shipping destination and than the buyer…

Answered: True /false

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Please do not give solution in image format thanku Scenario 9.9"Gollee those cats sure go through a lot of food," Geoff exclaimed as he saw the shopping list pad that had been pre-printed with the words "cat food" at the top. He pondered a different approach to shopping for the furry little darlings, reviewed his shopping records, and discovered the following. The price of cat food has held steady at 89 cents per can. Despite feigning indifference, each of the seven cats nibbles their way through an average of one can per day, three hundred sixty five days a year. The price of gasoline has held constant at $3.50 per gallon and his pickup uses a gallon each way to the cat food store. The cost to hold a can of cat food is 10% of the unit price.Use the information in Scenario 9.9 to determine the average pantry space occupied by cat food if each can takes up 13 cubic inches and Geoff obeys an EOQ policy for managing the cat food purchase process. 24 cubic feet 12…

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