Quiz 11

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School

Centennial College *

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Course

704

Subject

Accounting

Date

Apr 3, 2024

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pdf

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5

Uploaded by SuperHumanOryx548

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Question 1 (2 points) + Saved |E| o) Listen [ 3 ] You have received quotes from two different companies for a marine shipment that weighs 6,981 pounds and with dimensions of 6' long, 5' wide, 4' high. As a shipper, what would you pay for this shipment aiming for the lowest cost? QUOTE A: $46 W/M, pickup and delivery included QUOTE B: $40 W/M, with additional charges of: « Pickup - $35 « Delivery - $30 () $143.36 (®) $156.31 (") $200.93 () $189.66 Question 2 (2 points) + Saved |=| @tisten | » | An air shipment has 50 boxes, each weighing 10kg and each has a dimension of 30cm x 1m x 15cm. If the rate is CAD $0.90 per kilogram ffrom Toronto to Tokyo, what is the freight cost? Note: 100 cm = 1 meter 1kg = 6,000cm2 () CAD 375.00 (0) US $450.00 () US $45.00 (") CAD $500.00 (#) CAD $450.00
Question 3 (2 points) ' Saved |=| @ Listen | » | Marine shipment is quoted at $15 W/M weight is 2,428 pounds dimensions are 8' long, 10' wide, 4' high What would be the charge for this shipment? () $18.43 (O $16.52 () $154.11 (@) $135.93 Question 4 (2 points) ' Saved IE‘ <) Listen | > | A shipment has dimensions of 42" x 56" x 36" and weighs 474 pounds. The air freight rate is $ 0.84/Ib for shipments weighing 401-500 pounds and $ 0.76/Ib for shipments weighing 501-600 pounds. How much would it cost to air freight this shipment? @ $388.36 () $428.47 Q Unknown/not enough information Q $398.16 Question 5 (2 points) + Saved |=| @isten | » | The air ship rate is $1.22 per Kg for shipments weighing less than 100 Kg and $1.15 per Kg for shipments weighing 100 Kg. or more. A shipment weighs 96 Kg and has dimensions in centimeters of 142cm long by 84cm high by 54cm wide. What would be the cost to ship it by air? Q $115.00 (o) $123.63 Q $117.12 () $131.76
Question 6 (1 point) + Saved lEI ) Listen | > l The three critical needs of a client when choosing an alternative are: Cost, safety and security. () True () False Question 7 (1 point) v Saved 'EI o) Listen | [ l If the cargo weight is 100 Ibs and its dimensions are 28" x 27" x 30", and the freight rate is $10.00/cwt, what is the freight charge if moving by truck? @ None of these X () $13.13 () $10 () $1,312.50 () $1,000 Question 8 (1 point) + Saved |E| o) Listen | > I Why is consolidation so important to a freight forwarder? Q They get better relationships with the carrier Q They charge customers a higher rate @ They can get lower rates from the carrier when grouping shipments Q They get more business volume Question 9 (1 point) Saved |E| o) Listen | P l A rate quotation is strictly used as an internal document by the freight forwarder. () True @ False
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Question 10 (1 point) + Saved lEI ) Listen I > l Name one of the revenue streams that a freight forwarder should advise clients about deals with offsetting the minimum liability of carriers. () Insurance () Distribution Q Packaging and warehousing (") Customs brokerage Question 11 (1 point) ' Saved [E| o) Listen | B ] When shipping a LCL to Sao Paulo, Brazil from Toronto, the most suitable route is: Q By train to Halifax and container ship to Sao Paulo via Santos Q Consolidating an FCL, Trucking to Miami, marine freight to Sao Paulo @ Container ship from Toronto to Sao Paulo direct X Q By train to Montreal then container ship to Sao Paulo via Santos Question 12 (1 point) + Saved |E| ) Listen I B> | Dimensional Weight (CBM) is a term associated with the net weight of the cargo. () True () False Question 13 (1 point) + Saved |E| o) Listen | B J Would activities, such as preparing of documents, consulting or packaging help a freight forwarder increase his revenue? @ Yes O No
Question 14 (1 point) Saved |E| ) Listen | b l Name the three areas that are vital to the financial success of the international freight forwarder. Q Quoting, securing and invoicing Q Costing, invoicing and booking Q Costing, quoting and invoicing @ Costing, quoting and securing X Question 15 (1 point) v Saved |E‘ ) Listen | B l The weight or the dimensions of a pallet are not included when calculating the the total chargeable weight of the shipment. () True @ False -— . a r Question 16 (1 point) Saved IEI ) Listen | )J If you (the importer) are given Incoterms 2020 FOB London England, and have asked your forwarder to give you a costing to your door. The quote you receive from a freight forwarder will include destination local delivery charges. (@) True () False Question 17 (1 point) + Saved |E] ) Listen I b l Which of the following points are useful to consider when preparing invoices? O Who is going to receive the invoice @ All other answers can be considered correct Q Which terms of defivery are used in the shipment Q The price agreement that is in effect