You are trying to determine how much it will cost to import screwdrivers from a factory in
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Question:
You are trying to determine how much it will cost to import screwdrivers from a factory in Hong Kong. Luckily all of the associated costs are provided in Canadian dollars (CAD) so you won't have to mess around with foreign exchange rates. The factory builds in a profit listed as Factory's Profit Margin %. The agent, who provides inspection and other services charges Foreign Agents Commission % on total cost of the goods including the Factory's Profit Margin %. (So, Total Export Cost of Goods = [COGS + Profit %) X Agent's Commission] ) Calculate the EXW price, the FAS price, and the CIF price. Use the data on the spreadsheet to make your calculations. Note: Please provide all answers to two (2) decimal places.
| Q1-Recreational Product | 1 |
| Wholesale List Price CAD | 1,900.00 |
| CIF Cost CAD | 4,000.00 |
| Duty Rate % | 9.40% |
| Distributor's Markup % | 100.00% |
| Retailer's Markup % | 48.50% |
Expert Answer:
To calculate the EXW price FAS price and CIF price we need to use the provided data and formulas for ... View the full answer
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