Which statement is true with regard to endorsements?
I. If there is a conflict between the endorsement and the underlying contract, the endorsement usually takes precedence.
II. An endorsement can be used to add coverage for additional perils.
(a) I only
(b) II only
(c) both I and II
(d) neither I nor II
Ans: (c) both I and II
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Predicting future demand and competitive environment is part of the _____ of tourism planning and processes
Fill in the blank(s) with the appropriate word(s).
MFL Sales expects to sell 460 units of Product A and 450 units of Product B each day at an average price of $15 for Product A and $33 for Product B The expected cost for Product A is 38% of its selling price and the expected cost for Product B is 57% of its selling price. MFL Sales has no beginning inventory, but it wants to have a six-day supply of ending inventory for each product. Compute the budgeted cost of goods sold for the next (seven-day) week. (Round the answer to the nearest dollar.)
A) $67,032 B) $66,519 C) $130,500 D) $77,606