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Which of the Following Terms Refers to a Charge Imposed

question 2

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Which of the following terms refers to a charge imposed on a charterer when a chartered ship has less than a full load?


Definitions:

Income Tax Rate

The fraction of one's earnings or a company's profits that must be paid in taxes.

Net Income

Net earnings of a business post deductions of any costs and taxes from revenue.

Cash Dividend

A distribution of a company's earnings to its shareholders in the form of cash.

Consolidated Balance Sheet

A balance sheet that presents the assets, liabilities, and equity of a parent company and its subsidiaries as one entity, after eliminating inter-company transactions.

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