Given the following truck freight rate tariff (in lbs/cwt from Toronto), what is the freight charge for a shipment weighing 1900 lb going to Chatham? Location Min LTL Cambridge 50.00 20.00 Kitchener 55.00 22.00 Fort Erie 85.00 34.00 London 75.00 28.00 Chatham 90.00 38.00 Windsor 100.00 40.00 Sarnia 125.00 50.00 $532.00 $454.86 $478.80 $505.40 +500 16.00 17.60 27.20 22.40 30.40 32.00 40.00 +1000 14.00 15.40 23.80 19.60 26.60 28.00 35.00 +2000 +5000 +10,000 12.60 11.09 13.86 12.20 21.42 18.85 17.64 15.52 21.07 22.18 27,72 23.94 25.20 31.50 7.76 8.54 13.19 10.87 14.75 15.52 19.40
Given the following truck freight rate tariff (in lbs/cwt from Toronto), what is the freight charge for a shipment weighing 1900 lb going to Chatham? Location Min LTL Cambridge 50.00 20.00 Kitchener 55.00 22.00 Fort Erie 85.00 34.00 London 75.00 28.00 Chatham 90.00 38.00 Windsor 100.00 40.00 Sarnia 125.00 50.00 $532.00 $454.86 $478.80 $505.40 +500 16.00 17.60 27.20 22.40 30.40 32.00 40.00 +1000 14.00 15.40 23.80 19.60 26.60 28.00 35.00 +2000 +5000 +10,000 12.60 11.09 13.86 12.20 21.42 18.85 17.64 15.52 21.07 22.18 27,72 23.94 25.20 31.50 7.76 8.54 13.19 10.87 14.75 15.52 19.40
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:### Freight Rate Tariff Analysis
#### Problem Statement
Given the following truck freight rate tariff (in lbs/cwt from Toronto), what is the freight charge for a shipment weighing 1900 lb going to Chatham?
#### Tariff Table
Below is the detailed tariff table to various locations for different weight brackets:
| Location | Min | LTL | +500 | +1000 | +2000 | +5000 | +10,000 |
|------------|------|------|-------|-------|-------|---------|----------|
| Cambridge | 50.00 | 20.00 | 16.00 | 14.00 | 12.60 | 11.09 | 7.76 |
| Kitchener | 55.00 | 22.00 | 17.60 | 15.40 | 13.86 | 12.20 | 8.54 |
| Fort Erie | 85.00 | 34.00 | 27.20 | 23.80 | 21.42 | 18.85 | 13.19 |
| London | 75.00 | 28.00 | 22.40 | 19.60 | 17.64 | 15.52 | 10.87 |
| **Chatham** | **90.00** | **40.00** | **32.00** | **28.00** | **23.94** | **21.07** | **14.75** |
| Windsor | 100.00 | 40.00 | 32.00 | 28.00 | 25.00 | 22.18 | 15.52 |
| Sarnia | 125.00 | 50.00 | 40.00 | 35.00 | 31.50 | 27.72 | 19.40 |
#### Solution Steps
1. **Identify Weight Bracket**:
The shipment weight is 1900 lb. Checking the closest weight bracket in the table, it aligns with the +1000 (up to 2000 lb) bracket.
2. **Locate Tariff Rate**:
For Chatham, the tariff rate in the +1000 bracket is 28.00 lbs/cwt.
3. **
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