2. Company A exported 20 metric tons of Good X to Japan. The goods were packed in cartons each containing 20 kilograms. The total gross weight of this batch of goods was 22,260 kilograms and the measurement of each carton was 42cmx28cmx25cm. The export price of goods was US $570 per M/T CFR Tokyo. The freight was collected on W/M basis, the basic freight rate was US $ 70 per freight ton, and port surcharges were 20%. Please calculate the unit FOB shanghai price for this exports.

2. Company A exported 20 metric tons of Good X to Japan. The goods were packed in cartons each containing 20 kilograms. The total gross weight of this batch of goods was 22,260 kilograms and the measurement of each carton was 42cmx28cmx25cm. The export price of goods was US $570 per M/T CFR Tokyo. The freight was collected on W/M basis, the basic freight rate was US $ 70 per freight ton, and port surcharges were 20%. Please calculate the unit FOB shanghai price for this exports.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Pacific Airlines, an international carrier, showed the following gross receipts for 2X18: Point of Origin Destination Gross Receipts Philippines United States of America P 8,000,000 United States of America United Kingdom 4,000,000 United States of America Philippines 3,750,000 United Kingdom Philippines 2,100,000 Additional information: • Forty percent (40%) of the shipments from the Philippines to the United States were later shipped to the United Kingdom. • Twenty-five percent (25%) of all its revenues were from the transport of cargoes and goods. Compute the income tax payable for 2X18.
Pacific Airlines, an international carrier, showed the following gross receipts for 2X18: Point of Origin Destination Gross Receipts Philippines United States of America P 8,000,000 United States of America United Kingdom 4,000,000 United States of America Philippines 3,750,000 United Kingdom Philippines 2,100,000 Additional information: Forty percent (40%) of the shipments from the Philippines to the United States were later shipped to the United Twenty-five percent (25%) of all its revenues were from the transport of cargoes and Compute the income tax payable for 2X18. China Airlines , a resident foreign corporation, has the following data for the taxable year 2x18: Passengers airfare from China to the Philippines P 1,800,000 Passengers airfare from the Philippines to China 1,500,000 Airfare for cargoes from China to the Philippines 700,000 Airfare for cargoes from the Philippines to China 1,300,000…
The Home Office in Manila shipped merchandise costing P30,000 to Baguio Branch and paid for the freight charges of P1,200. The home office billed the branch at 105% of cost. Baguio Branch was subsequently instructed to transfer the merchandise to Laoag Branch wherein Baguio Branch paid for P500 freight. If the shipment was made directly from Manila to Laoag, the freight cost would have amounted to P1,300.Determine the amount debited to Laoag Branch on the books of the home office.
Hayao Co. purchases inventory from overseas and incurs the following costs: the cost of the merchandise is $50,000 with the credit terms of 2/10, n/30; FOB shipping point freight charges are $1,500; insurance during transit is $500; and import duties are $1,000. Hayao paid within the discount period and incurred additional costs of $1,200 for advertising, $5,000 for sales commissions and $500 for delivery of goods to the customers. Compute the cost that should be assigned to the inventory.
The Home Office in Albay shipped merchandise costing P30,000 to Legazpi Branch and paid for the freight charges of P1,200. The home office billed the branch at 105% of cost. Legazpi Branch was subsequently instructed to transfer the merchandise to Sorsogon Branch wherein Legazpi Branch paid for P500 freight. If the shipment was made directly from Albay to Sorsogon, the freight cost would have amounted to P1,300.Determine the amount debited to Sorsogon Branch on the books of the home office.
5. Pacific Airlines, an international carrier, showed the following gross receipts for 2X18: Point of Origin Gross Receipts Philippines P 8,000,000 4,000,000 3,750,000 2,100,000 United States of America United States of America United Kingdom ● Destination United States of America United Kingdom Philippines Philippines Additional information: Forty percent (40%) of the shipments from the Philippines to the United States were later shipped to the United Kingdom. Twenty-five percent (25%) of all its revenues were from the transport of cargoes and goods. Compute the income tax payable for 2X18. 5
Illustration: Cost of Purchase ABC Co., a VAT player, imported goods from a foreign supplier and incurred the following costs: Purchase price 100,000 Import duties 10,000 Value added tax 13,000 5,000 Transportation and handling costs Commission to broker 2,000 130,000 Required: How much is the cost of purchase of the imported goods?
Calculated Numeric: Please calculate the amount of custom. Poin Please calculate the amount of customs duty paid for the import of goods in the following scenario: Al Mdina Traders basod in Shrjah mainland area imported 100 mobile phonos from China. The transaction value of goods ("Cost) is AED 2,000 per each mobile phone. The "Insurance" paid is 1% on the cost of goods and the Freight" paid is 2% based on the cost of goods. Keeping in view the rate of custorls duty is 5%, please calculate the customs duty paid by Al Madina Traders to Sharjah Customs Authority? Hint: The Incoterms usad for the Customs deciaration purposes CIF (Cost Insurance Freight).
Accounting The unit imports 100 units, which have been purchased for 20,000 dollars. The transport is 4,000 dollars and is paid by the unit. The article is taxed by excise for 80 money/units. The article is taxed with a customs tax of 10%. What is the cost of the product after this taxation? 68,400 leke 58,400 leke 48,400 leke 38,400 leke
On October 05, 20x4, PPG Trading Co. consigned 30 computer units, costing P8000 each to Pampanga Inc. the units were to be sold on either cash or credit basis on commission of 15% of net sales. The consignor paid freight of P1800 on the shipment. On November 11, the consignee received the goods. Sales were made as follows. October 15: 10 units for cash at 13,000 each October 28: 12 units on account at 14,000 each On October 31, 20x4, collections on accounts amounted to 95,000 and an allowance of 2000 was given to charge customer for a defective unit. On November 15, 20x4 , a receivable balance of 7000 was determined to be uncollectible. On december 21, 20x4, the consignee made the proper remittance. The amount due from BB Inc. is: The consignment profit is: The cost of inventory on consignment is:
Supercat is a common carrier by sea. During a particular quarter, its receipts consists of the following ( exclusive of taxes): Transport of passengers P2,000,000Transport of goods 3,000,000Transport of cargoes 1,500,000The output VAT and OPT due for the quarter are: Output Vat OPT Due Group of answer choices P780,000 P195,000 P540,000 P0 780,000 P0 P540,000 P60,000
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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