**Analyzing Bids for Solar Panel Disk Supplies*****Scenario:***You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three suppliers: Thailand Polishing, India Shine, and Sacramento Glow.- **Thailand Polishing**: Bid of 2,400 Baht- **India Shine**: Bid of 2,400 Rupee- **Sacramento Glow**: Bid of $240Foreign exchange rates at your local bank indicate:- $1 = 10 Baht- $1 = 8 RupeeThe final destination for the disks is New Delhi, India, where there is a 30% import tax. Both Thailand Polishing and Sacramento Glow are based outside of India, whereas India Shine is based in India.***Graphical Analysis:***Include a table representation to compare the costs in a unified currency (USD):| Supplier | Original Bid | Conversion Rate | Bid in USD | Import Tax (30%) | Total Cost (in USD) ||---------------------|-------------------|------------------------|-------------|------------------|---------------------|| Thailand Polishing | 2,400 Baht | $1 = 10 Baht | $240 | $72 | $312 || India Shine | 2,400 Rupee | $1 = 8 Rupee | $300 | $0 | $300 || Sacramento Glow | $240 | -- | $240 | $72 | $312 |***Conclusion:***- **Thailand Polishing**: Total Cost - $312 USD- **India Shine**: Total Cost - $300 USD- **Sacramento Glow**: Total Cost - $312 USDBased on the total cost analysis, **India Shine** offers the least expensive bid for supplying the 200 polished disks for solar panels to New Delhi, India. ### Price Per Unit Calculation with Import TaxPlease fill in the blanks with the appropriate price per unit, including any applicable import tax, for the following providers. When entering your response, ensure it is rounded to the nearest penny.1. **Thailand Polishing** - **The price per unit (in dollars), including import tax (if any) for Thailand Polishing**: $_____ 2. **India Shine** - **The price per unit (in dollars), including import tax (if any) for India Shine**: $_____ 3. **Sacramento Glow** - **The price per unit (in dollars), including import tax (if any) for Sacramento Glow**: $______(Enter your response rounded to the nearest penny)_

Import tax refers to a specific type of tax that is imposed by domestic nations on goods that are…

You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three suppliers: Thailand Polishing, India Shine, and Sacramento Glow. Thailand Polishing has submitted a bid of 2,400 baht. India Shine has submitted a bid of 2,400 rupee. Sacramento Glow has submitted a bid of $240. You check with your local bank and find that $1 = 10 baht and $1 = 8 rupee. The final destination for the disks is New Delhi, India and there is a 30% import tax. Thailand Polishing and Sacramento Glow are based outside of India and India Shine is based in India.

You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three suppliers: Thailand Polishing, India Shine, and Sacramento Glow. Thailand Polishing has submitted a bid of 2,400 baht. India Shine has submitted a bid of 2,400 rupee. Sacramento Glow has submitted a bid of $240. You check with your local bank and find that $1 = 10 baht and $1 = 8 rupee. The final destination for the disks is New Delhi, India and there is a 30% import tax. Thailand Polishing and Sacramento Glow are based outside of India and India Shine is based in India.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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