L 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: CD
L 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: CD
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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
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