CIF MONTREAL , CDN $100,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Description or Instruction
Please calculate the VCC, VFD, TVFD for this imported consignment of TV's from
Japan
TO TAL VALUE OF SHIPMENT, CIF MONTREAL, CDN $100,000
RATE OF CUSTOMS DUTY: 10%
RATE OF GST: 5%
INTERNATIONAL INSURANCE: CDN $2000
INTERNATIONAL FREIGHT: CDN $3000
DOMESTIC INSURANCE: CDN $1000
DOMESTIC FREIGHT: CDN $3000
SELLING COMMISSION: CDN $5000
BUYING COMMISSION: $3000
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