Company ABX in Toronto is shipping 1050 units of computers to South Korea. Each computer is priced at $600 CND. Trucking charges is 1000 CND to Montreal and Ocean freight: $ 12,500.00 USD. They would like to add insurance coverage of 115%. They have been offered a rate of 0.05% for insurance. Insurance premium?

Company ABX in Toronto is shipping 1050 units of computers to South Korea. Each computer is priced at $600 CND. Trucking charges is 1000 CND to Montreal and Ocean freight: $ 12,500.00 USD. They would like to add insurance coverage of 115%. They have been offered a rate of 0.05% for insurance. Insurance premium?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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