FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Sheyan Auto Parts located in Montreal has imported 2000 PCs of Polyurethane Rear Trunk spoiler for car from Philippine base on CFR USD 25

image text in transcribed

image text in transcribed  

Sheyan Auto Parts located in Montreal has imported 2000 PCs of "Polyurethane Rear Trunk spoiler for car" from Philippine base on CFR USD 25 per unit. the freight charge and insurance for this shipment are USD 4,500, and 1,500 respectively. Rate of Exchange: Date of Shipment: USD 1 = CAD 1.3564 Date of Arrival: USD 1 = CAD 1.3685 What should be inserted in field 42 of B3? Group of answer choices 3,270.96 2,934.08 3,085.81 3163.13

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To determine what should be inserted in field 42 of B3 we need to calculate the value for customs pu... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Purchasing and Supply Chain Management
Purchasing and Supply Chain Management

Authors: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

6th edition

1285869680, 978-1305809789, 1305809785, 978-1305833395, 978-1285869681

More Books

Students explore these related General Management questions

Question

Explain why joining a fraternity or sorority might include elaborate or difficult rituals.

Answered: 3 weeks ago

Question

For financial reporting purposes, financial assets can be put into one of seven categories: subsidiaries, joint ventures, associates, held for trading, available for sale, held to maturity, and loans...

Answered: 3 weeks ago

Question

Outline some of the strengths and weaknesses of Jungs system of thought.

Answered: 3 weeks ago

Question

The preliminary 2018 income statement of Alexian Systems, Inc., is presented below: ___________________________________ALEXIAN SYSTEMS, INC. _______________________________________Income Statement...

Answered: 3 weeks ago

Question

As the CIO/CISO, you know that your web servers sit outside the boundary of your firewall in an area called the DMZ. What is the best way for you to secure these web servers (which perform an...

Answered: 3 weeks ago

Question

Given below are account balances for Charlie Company: Gross sales, $100,000 Sales returns and allowances, $6,000 Selling expenses, $12,000 Cost of goods sold, $40,000 Interest expense, $3,000 How...

Answered: 3 weeks ago

Question

Problem 1 (20 points). In a warehouse, it is required to locate a temporary storage area for 5 shelves operations that are located in the following coordinates (1, 4), (1, 8), (1, 12), (4, 4) and (4,...

Answered: 3 weeks ago

Question

Game Z Ltd has 3 sources of capitals - Common shares, Preferred shares and corporate bonds. The market value of its common shares is $50 per share while its Preferred shares are valued at $45 per...

Answered: 3 weeks ago

Question

Multi-step Income Statements The adjusted trial balance of Mally Distributors on December 31 is shown below. MOLLY DISTRIBUTORS Adjusted Trial Balance December 31 Debit Credit $30,200 Cash Accounts...

Answered: 3 weeks ago

Question

48 Assume that the actual amount of one of a company's variable expenses was $45,198. The company's planned level of activity was 19,000 machine-hours, and its actual level of activity was 18,500...

Answered: 3 weeks ago

Question

According to corporate policy, the average age of trade receivables and trade payables should both be 10 days and 20 days, respectively. At 30th June 2022, the Exeter hotel had trade receivables of...

Answered: 3 weeks ago

Question

The stockholders' equity accounts of Pronghorn Corp. on January 1, 2025, were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockholders'...

Answered: 3 weeks ago

Question

Activity-based costing) Outdoor Living makes umbrellas, gazebos, and lawn chairs. The company uses a traditional overhead allocation scheme and as signs overhead to products at the rate of $20 per...

Answered: 3 weeks ago

Question

Activity-bused cosiing; advanced) Stylish Components manufactures two products. Following is a production and cost analysis for each product for the year 2007. Peter Yound, the firms cost accountant,...

Answered: 3 weeks ago

Question

(Using ABC to set price) The budgeted manufacturing overhead costs of Up- and-Out Door Company for 2006 are as follows: For the last live years, the cost accounting department has been charging...

Answered: 3 weeks ago

Previous Question Next Question