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Ricardo is buying electrical modules for his company based in Florida. He is purchasing 60,000 modules per year in 12 equal monthly shipments from Thailand
Ricardo is buying electrical modules for his company based in Florida. He is purchasing 60,000 modules per year in 12 equal monthly shipments from Thailand at a quoted unit price of $19.50 each. For each shipment, Ricardo must purchase Marine Insurance at $0.50 per $100 of shipment. Shipment valuation is based on quoted unit price. How much are the insurance costs per shipment?
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To calculate the insurance costs per shipment we need to determine the shipment valuation based on t...
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Auditing A Practical Approach with Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
1st edition
1119401747, 978-1119401742
