please answer all questions!

Week 11 Bonus Activity - Analyzing Global Export Issues After reviewing the demonstration video and looking over the slides, complete the following scenario questions and transfer your answers to the Week 8: Bonus Activity qulx In Canvas. Note that not every question on this worksheet will appear on the Canvas pula. Be careful when transferring your answers. Case: Sound-Around Turntables Sound-Around Turntables (SATT) is a regional manufacturer of high-fidelity turntables, It has been in business in Traverse City, Michigan since 2018 and has steadily increased sales volume as U.S. sales of vinyl albums re-ignited. Robert Ritchie, CEO for SATT received an order for 12,500 turntables for Best Buy, a national electronics retailer. Production for this order will begin in late March and the customer order must be delivered on June 1. Since SATT builds to order, Ritchie needs to begin ordering parts from his global supply base soon An important component is the turntable motor that is purchased from a global export company. Here are the two options that Richie is considering: Option 1: Park Electric Option 2: Blanca Motor Location: Busan, South Korea Location: Buenos Aires, Argentina Background: Current supplier Background: Potential new supplier The product is high quality and SATT has worked The sample product is high quality, but SATT has with Park for 3 years. However, the company never worked with Blanca. SATT likes the shorter citing hisher material supplier to-factory distance and monthly + TOOM Option 1: Park Electric Option 2 Blanca Motor Location: Busan South Korea Location: Buenos Aires, Argentina Background: Current supplier Background: Potential new supplier The product is high quality and SATT has worked The sample product is high quality, but SATT has with Park for 3 years. However, the company never worked with Blanca. SATT kes the shorter recently raised its prices citing higher material supplier to factory distance and monthly costs and rising tariffs oliveries. However, not much is known about this supplier or the political environment in Argentina Order release: Supplier (Park) will ship all units in order release: Supplier (Blanca) will make the new order at one time on January 15, monthly deliveries of 2,500 units starting on December 1 Offer: Park Electric currently sells the 20W Offer:Blanca Motor proposes to sell a similar synchronous motor to SATT for 30,000 KRW per 20w electric motor to SATT for 142 BRL per unit. unit. Order cycle time is 47 days. Terms are listed Order cycle time is 18 days. Terms are listed as as DAP, Port of Baltimore. FCA, Puerto Novo Price Per Unit Estimated Ocean Shipping Cost per unit Estimated US Customs duty per unit Park Electric 30,000 KRW 4,000 KRW 3,000 KRW Blanca Motor 2,600 ARS 200 ARS 130 ARS 1173.30 KRW 1 USD 99 31 ARS 1 USD Exchange Rate ZDCE 1. Evaluate the selling price and related costs per unit offered by each supplier in US dollar (USD) Park Electric Blanca Mati Price Per Unit $ $ Estimated Ocean Shipping cost per unit $ $ Estimated US Customs duty per unit $ $ Exchange Rate 1173.30 KRW - 1 USD 99,31 ARS 1 USD 2. a. What costs, responsibilities and risks are assumed by the buyer (SATT) and the seller Park Electric) under Incoterms 2020, DAP, Port of Baltimore? b. What costs, responsibilities and risks are assumed by the buyer (SATT) and the seller (Blanca Motor) under Incoterms 2020, FCA, Puerto Novo? P Portal FCA, Puerta Baltimore Novo Packaging goods for export and loading the container Factory to port transportation Payment of export duties (If any are due) Loading the container on the ship Paying for the ocean transport (carriage charges) Paying for the insurance on the International voyage Paying destination terminal charges for unloading freight Clearing US Customs (pay Import duties & taxes) til Pages > of 3 ZOOM 3. Considering both your responses to Questions 1 and 2, what total cost per motor will SATT 2 directly incur? Park Electric Blanca Motor Cost per motor that SATT will directly incur 4. Besides direct cost considerations, what other factors should you consider during the supplier selection process? Other factors that should drive the supplier selection decision for SATT Park Blanca Which supplier do you believe will provide best combination of landed cost, quality, and reliability? Freight Collect Terms Prvig Prepaid Turm Any Mode or Modes of Groups Transport Sea and inand Www Transport Any Mode of Modes of Transport EXW FCA FAS FOB CFR CIF CPT CIP DAP DPU DDP Incoterm TW Free Care re True On Caming hd (Place Alongside Portre Per Te Place ace Duty Paid thep Transfer of Risk Alle On Nonguld Aca Care ALA Obligations & Charger por PC Beer Ser La Cha gs| Baler LO Dt. Take Se Sater Cum Cleane Oryn Terminal Geile By Charges | Lality hy Carriage Charge Buyer Bu Ilye Demeten Terminal By Buyer @ Buyer Delivery to Bu D B Buyer Beyer Destion Duty Tones B Bus 3 Week 11 Bonus Activity - Analyzing Global Export Issues After reviewing the demonstration video and looking over the slides, complete the following scenario questions and transfer your answers to the Week 8: Bonus Activity qulx In Canvas. Note that not every question on this worksheet will appear on the Canvas pula. Be careful when transferring your answers. Case: Sound-Around Turntables Sound-Around Turntables (SATT) is a regional manufacturer of high-fidelity turntables, It has been in business in Traverse City, Michigan since 2018 and has steadily increased sales volume as U.S. sales of vinyl albums re-ignited. Robert Ritchie, CEO for SATT received an order for 12,500 turntables for Best Buy, a national electronics retailer. Production for this order will begin in late March and the customer order must be delivered on June 1. Since SATT builds to order, Ritchie needs to begin ordering parts from his global supply base soon An important component is the turntable motor that is purchased from a global export company. Here are the two options that Richie is considering: Option 1: Park Electric Option 2: Blanca Motor Location: Busan, South Korea Location: Buenos Aires, Argentina Background: Current supplier Background: Potential new supplier The product is high quality and SATT has worked The sample product is high quality, but SATT has with Park for 3 years. However, the company never worked with Blanca. SATT likes the shorter citing hisher material supplier to-factory distance and monthly + TOOM Option 1: Park Electric Option 2 Blanca Motor Location: Busan South Korea Location: Buenos Aires, Argentina Background: Current supplier Background: Potential new supplier The product is high quality and SATT has worked The sample product is high quality, but SATT has with Park for 3 years. However, the company never worked with Blanca. SATT kes the shorter recently raised its prices citing higher material supplier to factory distance and monthly costs and rising tariffs oliveries. However, not much is known about this supplier or the political environment in Argentina Order release: Supplier (Park) will ship all units in order release: Supplier (Blanca) will make the new order at one time on January 15, monthly deliveries of 2,500 units starting on December 1 Offer: Park Electric currently sells the 20W Offer:Blanca Motor proposes to sell a similar synchronous motor to SATT for 30,000 KRW per 20w electric motor to SATT for 142 BRL per unit. unit. Order cycle time is 47 days. Terms are listed Order cycle time is 18 days. Terms are listed as as DAP, Port of Baltimore. FCA, Puerto Novo Price Per Unit Estimated Ocean Shipping Cost per unit Estimated US Customs duty per unit Park Electric 30,000 KRW 4,000 KRW 3,000 KRW Blanca Motor 2,600 ARS 200 ARS 130 ARS 1173.30 KRW 1 USD 99 31 ARS 1 USD Exchange Rate ZDCE 1. Evaluate the selling price and related costs per unit offered by each supplier in US dollar (USD) Park Electric Blanca Mati Price Per Unit $ $ Estimated Ocean Shipping cost per unit $ $ Estimated US Customs duty per unit $ $ Exchange Rate 1173.30 KRW - 1 USD 99,31 ARS 1 USD 2. a. What costs, responsibilities and risks are assumed by the buyer (SATT) and the seller Park Electric) under Incoterms 2020, DAP, Port of Baltimore? b. What costs, responsibilities and risks are assumed by the buyer (SATT) and the seller (Blanca Motor) under Incoterms 2020, FCA, Puerto Novo? P Portal FCA, Puerta Baltimore Novo Packaging goods for export and loading the container Factory to port transportation Payment of export duties (If any are due) Loading the container on the ship Paying for the ocean transport (carriage charges) Paying for the insurance on the International voyage Paying destination terminal charges for unloading freight Clearing US Customs (pay Import duties & taxes) til Pages > of 3 ZOOM 3. Considering both your responses to Questions 1 and 2, what total cost per motor will SATT 2 directly incur? Park Electric Blanca Motor Cost per motor that SATT will directly incur 4. Besides direct cost considerations, what other factors should you consider during the supplier selection process? Other factors that should drive the supplier selection decision for SATT Park Blanca Which supplier do you believe will provide best combination of landed cost, quality, and reliability? Freight Collect Terms Prvig Prepaid Turm Any Mode or Modes of Groups Transport Sea and inand Www Transport Any Mode of Modes of Transport EXW FCA FAS FOB CFR CIF CPT CIP DAP DPU DDP Incoterm TW Free Care re True On Caming hd (Place Alongside Portre Per Te Place ace Duty Paid thep Transfer of Risk Alle On Nonguld Aca Care ALA Obligations & Charger por PC Beer Ser La Cha gs| Baler LO Dt. Take Se Sater Cum Cleane Oryn Terminal Geile By Charges | Lality hy Carriage Charge Buyer Bu Ilye Demeten Terminal By Buyer @ Buyer Delivery to Bu D B Buyer Beyer Destion Duty Tones B Bus 3