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A Canadian importer, imported a cargo consisting of Fire hose from EMIRATES with following information: Total value of the shipment: USD 1,650,000 Including : International
A Canadian importer, imported a cargo consisting of Fire hose from EMIRATES with following information: Total value of the shipment: USD 1,650,000 Including : International Freight: USD 58,000 International Insurance: CAD 7,500 The following additional costs are also paid by the Canadian importer separately. Selling Commission: USD 10,000 Buying Commission: CAD 3,500 Special Packing Cost: USD 7,000 Inland Shipment in Emirates: AED 50,000 Insurance in Emirates: AED 16,000 ITC: CAD 60,000 Goods Sold in Canada: CAD 2,000,000 USD1 = CAD 1.32225 USD1= AED 3.67305 Group of answer choices C$120,050.53 payable C$ 260,000 payable C$79,949.47 payable C$139,949.47 C$200,000
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