Please calculate the VCC, VFD, TVFD for this imported consignment of TV's from Japan TOTAL VALUE OF SHIPMENT, CIF MONTREAL, CDN $100,000 RATE OF CUSTOMS DUTY: 10% RATE OF GST: 5% INTERNATIONAL INSURANCE: CDN $2000 INTERNATIONAL FREIGHT: CDN $3000 DOMESTIC INSURANCE: CDN $1000 DOMESTIC FREIGHT: CDN $3000 SELLING COMMISSION: CDN $5000 BUYING COMMISSION: $3000

Please calculate the VCC, VFD, TVFD for this imported consignment of TV's from Japan TOTAL VALUE OF SHIPMENT, CIF MONTREAL, CDN $100,000 RATE OF CUSTOMS DUTY: 10% RATE OF GST: 5% INTERNATIONAL INSURANCE: CDN $2000 INTERNATIONAL FREIGHT: CDN $3000 DOMESTIC INSURANCE: CDN $1000 DOMESTIC FREIGHT: CDN $3000 SELLING COMMISSION: CDN $5000 BUYING COMMISSION: $3000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume the following: Cost of goods to exporter Price of goods to importer Ocean freight insurance Loading into truck at mfg Truck to port Unloading at port Port charges Loading on ship Ocean freight Unloading at destination port Loading on truck Carriage to customer Duties and Taxes 6,500 10,500 80 125 500 80 200 125 600 90 60 120 560 If you sell this for 10,500, how much will you make if you quote EXW? FOB (port), ClF (destination port, with buyer paying insurance), DAP (destination port, with seller paying the insurance). Be sure to show your work and submit via BB. Do you own work and do not consult with anyone.
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A new Toyota Mark Il is imported from Japan. Other details relating to this sale are as given below: Exchange Rate US $ 1= ZMK4500 Cost $ 12,000 Insurance @ 2% of F.O.B = $240.00 Freight Charges = $ 1,000 %3D Required: Compute the VDP and value for VAT purposes.
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Please answer the following question in accordance with this explanation. • Transaction • Incoterm • Amount • Latest Shipment • Expiry • Payment • Partial shipment :L/C : CFR Istanbul : Appr. USD100.000.- (+/-10% acceptable) : 18.06.2020 : 20.06.2020 at the counters of the beneficiary's bank :2 days after receipt of appropriate documents. : Allowed Which one of the following will verify the documents and decide on their payability? Select one: A. Reimbursing Bank OB. The seller C. The seller's bank O D. The buyer's bank E. The buyer
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Online teachin X + m/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator-&... M : Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. a. b. a. s S Merchandise $8,350 3,900 Check My Work Freight Paid by Seller $600 400 SAMSUNG Freight Terms FOB shipping point, 2/10, n/30 FOB destination, 1/10, 1/30 Previous Next 440 5:15 AM 4/10/2023 (?)