Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PART A: Short answer: To be completed in Blackboard Assignment (5 marks each for a total of 20 marks) You are being hired by Best

image text in transcribed

PART A: Short answer: To be completed in Blackboard Assignment (5 marks each for a total of 20 marks) You are being hired by Best Forwarder Inc, 3456 Airport Road, Mississauga, Ont. L5K 6M8 Your agent in London is London Freight Forwarder Ltd. 123 Main St, London, UK 9H5 1P2 You are going to consolidate the following 2 shipments under master airwaybill # 125- 12345678 and arrange through British Airway to ship to London Heathrow airport (LHR) from Toronto PIA airport (YYZ). Shipment#1: Shipper Toronto Textiles Ltd, 789 Queens St. W, Toronto, Ont, M5M 5W8 Consignee UK Clothier Ltd, 321 King St. W. London, UK. 1P5 9K8 Commodity Men's golf T-shirts Pieces 120 cartons Weight 5 KG/carton DIM: 0.5m x 0.4mx 0.3m Shippment#2 Shipper. Markham Auto Engineering Ltd, 3050 Steels Ave. E. Markham, Ont 966 7L4 Consignee London Auto Engine Imports Ltd, 345 Edward St, London, UK 5M9 3P4 Commodity Engine parts Pieces: 8 Weight 270 lbs/each piece DIM: 40" x 36" x 30" Rates (CAD/kg) Weight range M 1-100 101-300 301-500 501-1000 1001-5000 5001-10000 Airline (Buying) 65 6.15 5.05 4.25 3.35 2.56 195 Forwarder(selling) 85 7.15 6.03 5.15 4.25 3.34 2.38 IA TA's ratio is 1 KG=6000 cm? or 1 KG=366 in Required: 1. What is the freight charge the forwarder charges shipperw1? (5 marks) 2. What is the freight charge the forwarder charges shipper#2? (5 marks) 3. What is the total freight charge the airline charges the forwarder? (5 marks) 4. What is the profit for the forwarder? (5 marks) PART A: Short answer: To be completed in Blackboard Assignment (5 marks each for a total of 20 marks) You are being hired by Best Forwarder Inc, 3456 Airport Road, Mississauga, Ont. L5K 6M8 Your agent in London is London Freight Forwarder Ltd. 123 Main St, London, UK 9H5 1P2 You are going to consolidate the following 2 shipments under master airwaybill # 125- 12345678 and arrange through British Airway to ship to London Heathrow airport (LHR) from Toronto PIA airport (YYZ). Shipment#1: Shipper Toronto Textiles Ltd, 789 Queens St. W, Toronto, Ont, M5M 5W8 Consignee UK Clothier Ltd, 321 King St. W. London, UK. 1P5 9K8 Commodity Men's golf T-shirts Pieces 120 cartons Weight 5 KG/carton DIM: 0.5m x 0.4mx 0.3m Shippment#2 Shipper. Markham Auto Engineering Ltd, 3050 Steels Ave. E. Markham, Ont 966 7L4 Consignee London Auto Engine Imports Ltd, 345 Edward St, London, UK 5M9 3P4 Commodity Engine parts Pieces: 8 Weight 270 lbs/each piece DIM: 40" x 36" x 30" Rates (CAD/kg) Weight range M 1-100 101-300 301-500 501-1000 1001-5000 5001-10000 Airline (Buying) 65 6.15 5.05 4.25 3.35 2.56 195 Forwarder(selling) 85 7.15 6.03 5.15 4.25 3.34 2.38 IA TA's ratio is 1 KG=6000 cm? or 1 KG=366 in Required: 1. What is the freight charge the forwarder charges shipperw1? (5 marks) 2. What is the freight charge the forwarder charges shipper#2? (5 marks) 3. What is the total freight charge the airline charges the forwarder? (5 marks) 4. What is the profit for the forwarder

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

978-0470423684

Students also viewed these Finance questions