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Description or Instruction Please calculate the VCC, VFD, TVFD for this imported consignment of TV's from Japan TOTAL 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

Description or Instruction Please calculate the VCC, VFD, TVFD for this imported consignment of TV's from Japan TOTAL 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

FINANCIAL ACCOUNTING
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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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
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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