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Question 2 Calculation Questions (25 marks) Jim imported three different goods in a container from the supplier Omega Services in Australia. Total freight charged for
Question 2 Calculation Questions (25 marks) Jim imported three different goods in a container from the supplier Omega Services in Australia. Total freight charged for the consignment was FJD2000. Use the information given below to answer the following question. Products Total Costs Fical Duty Import Excise 10% 1 Flat Screen TV* 3 32% 6500 FJD 5500 FJD 2 32% 0% Whirlpool washing machine *3 3 Electric stove *3 4000 FJD 5% 0% Additional Information: 1AUD=1.4985FJD VAT: 9% Use the above information to calculate the following: A. Freight factor B. Insurance factor. C. Freight for each product D. Insurance for each product. E. Value for Duty each product. F. Total Customs Value for Duty G. Customs Duty for cach Product. H. Total Customs Duty. 1. Value for VAT for each good. J. VAT K. Total Duty Payable (2 Marks) (2 Marks) (3 Marks) (3 Marks) (3 Marks) (1 Mark) (3 Marks) (1 Mark) (3 Marks) (3 Marks) (1 Mark)
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