2. A Chinese export company exports ore to Japan at a tax inclusive price of 2800...

 

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2. A Chinese export company exports ore to Japan at a tax inclusive price of 2800 yuan per ton, with a value- added tax rate of 17% and an export tax refund rate of 5%. Domestic expenses: The export quota rate is 3% of the procurement cost, and the total other expenses are 75 yuan per ton. This transaction requires a 30 day advance payment, with a bank loan annual interest rate of 8% and a 360 day calculation period. The foreign expenses are: ocean freight of $30 per ton, insured at 110% of the CIF price, with an insurance rate of 1%. The customer requires a commission of 3.5%, calculated based on the quotation. The expected profit margin of the company is 9% of the quoted price, and the exchange rate between the US dollar and the Chinese yuan is 1:6.98. Calculate FOBC 3.5%, CFRC3.5%, CIF 3.5% quotation 2. A Chinese export company exports ore to Japan at a tax inclusive price of 2800 yuan per ton, with a value- added tax rate of 17% and an export tax refund rate of 5%. Domestic expenses: The export quota rate is 3% of the procurement cost, and the total other expenses are 75 yuan per ton. This transaction requires a 30 day advance payment, with a bank loan annual interest rate of 8% and a 360 day calculation period. The foreign expenses are: ocean freight of $30 per ton, insured at 110% of the CIF price, with an insurance rate of 1%. The customer requires a commission of 3.5%, calculated based on the quotation. The expected profit margin of the company is 9% of the quoted price, and the exchange rate between the US dollar and the Chinese yuan is 1:6.98. Calculate FOBC 3.5%, CFRC3.5%, CIF 3.5% quotation

Answer rating: 100% (QA)

To calculate the FOBC 35 CFRC 35 and CIF 35 quotations we need to consider the various expenses and ... View the full answer