Goods in 100 cases to be exported, price is $4000 FOB port, Basic freight rate: $26 per freight ton or 1.5% A.V. W/M or Ad Val, Measurement: 1.4mX 1.3m x 1.1m Gross weight: 2 ton per case Bunker Surcharge rate: 10% What is the freight?

Goods in 100 cases to be exported, price is $4000 FOB port, Basic freight rate: $26 per freight ton or 1.5% A.V. W/M or Ad Val, Measurement: 1.4mX 1.3m x 1.1m Gross weight: 2 ton per case Bunker Surcharge rate: 10% What is the freight?

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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Question

IV Calculation
Goods in 100 cases to be exported, price is $4000 FOB port,
Basic freight rate: $26 per freight ton or 1.5% A.V.
W/M or Ad Val,
Measurement: 1.4mX 1.3m x 1.1m
Gross weight: 2 ton per case
Bunker Surcharge rate: 10%
What is the freight?

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