FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
Bartleby Related Questions Icon

Related questions

Question
EFF M
A shipper has the following cargo and associated freight costs:
8 x 40-ft containers said to contain computers and computer accessories.
Invoice value of the goods: CAD $200,000.00
Ocean freight Montréal-Hamburg per container: US $750.00
Pre-carriage Toronto to Montreal all in, per container: CAD $200.00
All risk marine premium rate: 0.45%
Exchange rate: US $1.00 = CAD $1.10
Based on your previous calculation, what is the insurance premium (the amount paid for Insurance) on this
cargo? Select one answer.
CAD $936.90
CAD $1,035.23
CAD $1,037.22
expand button
Transcribed Image Text:EFF M A shipper has the following cargo and associated freight costs: 8 x 40-ft containers said to contain computers and computer accessories. Invoice value of the goods: CAD $200,000.00 Ocean freight Montréal-Hamburg per container: US $750.00 Pre-carriage Toronto to Montreal all in, per container: CAD $200.00 All risk marine premium rate: 0.45% Exchange rate: US $1.00 = CAD $1.10 Based on your previous calculation, what is the insurance premium (the amount paid for Insurance) on this cargo? Select one answer. CAD $936.90 CAD $1,035.23 CAD $1,037.22
EFF Te
A shipper has the following cargo and associated freight costs:
8 x 40-ft containers said to contain computers and computer accessories.
Invoice value of the goods: CAD $200,000.00
Ocean freight Montréal-Hamburg per container: US $750.00
Pre-carriage Toronto to Montreal all in, per container: CAD $200.00
All risk marine premium rate: 0.45%
Exchange rate: US $1.00 = CAD $1.10
Based on the information provided, what is the 110% CIP value? Select one answer.
CAD $208,200.00
CAD $230,050.59
CAD $230,492.57
CAD $230,604.60
A sh
expand button
Transcribed Image Text:EFF Te A shipper has the following cargo and associated freight costs: 8 x 40-ft containers said to contain computers and computer accessories. Invoice value of the goods: CAD $200,000.00 Ocean freight Montréal-Hamburg per container: US $750.00 Pre-carriage Toronto to Montreal all in, per container: CAD $200.00 All risk marine premium rate: 0.45% Exchange rate: US $1.00 = CAD $1.10 Based on the information provided, what is the 110% CIP value? Select one answer. CAD $208,200.00 CAD $230,050.59 CAD $230,492.57 CAD $230,604.60 A sh
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education