Solution-Calculate the total cost of materials

Calculate the total cost of materials

Reference no: EM133008144

Question - Assume that ABC agriculture enterprise engaged in import and export trade activities. The enterprise has at its bank account Br.1, 500,000 at the beginning of the month. The enterprise received at the bank account from its customers USD 30,000 and EURO 100,000. The enterprise import materials at FOB value USD 50,000 Br.20, 000, 60,000 and 80,000 for insurance, transport (freight) and customs duty respectively.

	Buying	Selling
USD	19.5	20
EURO	26	26.5

Required - Calculate the total cost of materials assuming that the enterprise charged 3% by the bank services.

Reference no: EM133008144

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Calculate the total cost of materials

Reference no: EM133008144

Reference no: EM133008144

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