Barcelona Machine Tools. Orio De Miguel SRL a manutacturer of heavy duty machine tools near Barcelona, ships an order to a buyer in Jordan. The purchase price is 429.000. Jordan imposes a 14 import duty on al products purchased from the European Union. The Jordanian importer then re-exports the product to a Saudi Arabian importer, but only after imposing its own resale fee of 27%. Given the following spot exchange rates on April 11, 2010, what is the total cost to the Saudi Arabian importer in Saudi Arabian riyal, and what is the US dolar equivalent of that price? (Click on the conto import the table into a spreadsheet) Currency Crossrate Spot Rate Jordanian Dinar (JD) per evo) Jordanian dinar (JD) per US dolar (5) Saudi Arabian niyal (SR) por US dollar (5) 3.712 The spot rate, Saudi Arabian riyal per Jordanian dinar is SRI 5.30530U (Round to five decimal places) Calculate the rosale price to Saudi Arabia below. (Round to two decimal places) Resale price Purchase price, converted to Jordanian dinar JD Additional fees due on importation (54%) JD Total cost, Jordanian Dinar JD Resale in Jordan (27) JO Resale price to Saudi Arabia s |