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- Karl Messy Plc, a manufacturer of computer equipment near Shenzhen China, ships an order to a buyer in Kenya. The purchase price is $222,500.
- Karl Messy Plc, a manufacturer of computer equipment near Shenzhen China, ships an order to a buyer in Kenya. The purchase price is $222,500. Kenya imposes a 15% import duty on all products purchased from China. The Kenyan importer then re-exports the product to an Oman importer, but only after imposing their own resale fee of 26%. Given the following spot exchange rates on December 31, 2020, what is the total cost to the Oman importer in Omani riyal, and what is the U.S. dollar equivalent of that price? Currency Spot Rate Kenyan Shilling per US Dollar ($) 109.17/S Kenyan Shilling per Chinese Yuan 16.73/Yuan Omani riyal (OMR) per U.S. dollar ($) OMR 0.3845/S Kenyan Shilling per Omani Riyal (OMR) 283.464/OMR
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