Answered: 2. Judge whether the following price…

2. Judge whether the following price terms are correct or not. If not, make corrections (1) RMB55 per ton CIFC5 Shanghai (2) Pound 200 per carton CFR New Zealand (3) FF 150 per ton FOB New York

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter7: International Arbitrage And Interest Rate Parity

Section: Chapter Questions

Problem 47QA

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Question

2. Judge whether the following price terms are correct or not. If not, make
corrections
(1) RMB55 per ton CIFC5 Shanghai
(2) Pound 200 per carton CFR New Zealand
(3) FF 150 per ton FOB New York

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1.If the direct price of the USD is DM2.7 in 1990 Frankfurt and transaction costs were 0.43% of the amount transacted, then the minimum- maximum direct quotes for the DM in New York were: a . $2.5891-2.6109 b . $0.3672-0.3736 c . $2.5779- 2.6218 d . $0.3730-0.3762
A company offered to sell goods at “USD2000 per M/T CIF Toronto with all risks for 110% of the value” . The importer requested a revised quote for FOB Ningbo, The freight for Ningbo to Toronto was USD 50 per M/T, and the premium rate was 1%, to get the same export revenue,what are FOB price and CFR price?
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Do it correctly with step by step explanation
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ASAP If answer is correct I'll give you Upvote. Caculation: A company exports commodity X to Canada, if the total purchase price(including VAT 17%) is RMB 247500, the rate of expense standard is 5%, the rate of export tax rebate is 14%, the total freight is USD245.00, the company insures against all risks for 110% of invoice value, the premium rate is 1.5%, the profit is 10% based on purchase price. Rate of foreign exchange: USD1.00=RMB6.50 what are FOB price, CFR price and CIF price respectively?
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According to the latest measures, 1 USD = 147 JPY, 1 EUR = 145.51 JPY, and 1 EUR = 0.95 USD Calculate the shadow price between EUR and JPY
A company manufactures a product in the United States and sells it in England. The unit cost of manufacturing is $52. The current exchange rate (dollars per pound) is 1.213. The demand function, which indicates how many units the company can sell in England as a function of price (in pounds) is of the power type, with constant 27556733 and exponent -2.5. A) Develop a model for the company's profit (in dollars) as a function of the price it charges (in pounds). Then use a data table to find the profit-maximizing price to the nearest pound. Assume that the price ranges from £45 to £100 in increments of £1. Round your answer for the maximum profit to the nearest dollar and your answer for the best price to the nearest pound. 1. Maximum profit: $______ 2. Best price: £ ______
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