Determining the trucking charges associated with shipment

Assignment Help Accounting Basics
Reference no: EM132894453

Question - Instructions: the following assignments include determining the trucking charges associated with each shipment using the conversions, tables and CIFFA - Logistics Canada Trucking Chart found in Appendices "A", "B" and "C". The accepted freight density ratio for trucking is 10 lb/ft3. Show all steps and calculations.

Determine the actual weight, volume weight and chargeable weight (freight charge) of the shipment in following cases:

1. 120 cartons of books to be delivered to Hamilton, Ontario from terminal Toronto. Totals: 700 ft3, 700lb.

2. You have a truck shipment that weighs 880 lb and measures 75 ft3. You are being charged CAD $5.00/100 lb. For what weight will you be charged and what will the trucking charges be?

3. Your customer is located in Sarnia and has 10 skids of bottled water, being delivered to terminal Toronto. Each skid weighs 1,000 lb and has dimensions of 58 in x 50 in x 70 in each.

4. Your customer is located in Kingston and requires a delivery of 5 boxes of electronic devices delivered to terminal Toronto. Each box weighs 20 lb, dimensions of 12 cm x 10 cm x 5 cm.

5. Your customer has 9 skids of paper for delivery to terminal Toronto to Barrie. Each skid weighs 1,200 lb and the dimensions of the skids are 38 in x 22 in x 58 in each. Should you consider weight break? If yes, what would be the applicable charges?

Reference no: EM132894453

Questions Cloud

What compound rate of return did Motley earn : What compound rate of return did Motley earn on his $1 million end of 2008 investment
What are the various licensing arrangements : How do licensing agreements help artists earn money from their music? What are the various licensing arrangements?
Calculate the wacc for event flow power co : Calculate the WACC.Debt: 8,000 6.5 percent co upon bond outstanding, $1,000 par value, 20 years to maturity, selling for 92 percent
Measuring responses : What are the advantages and disadvantages of asking open-ended responses compared with structured responses?
Determining the trucking charges associated with shipment : Instructions: the following assignments include determining the trucking charges associated with each shipment using the conversions
Are such activities beneficial to shareholders : The management of Lucky decided to adopt defensive merger tactics. Are such activities beneficial to shareholders? Are these types of activities ethical?
Conducting business research : What research would you conduct to determine why sales are lower? What data would you collect and analyze?
What is Silverman cost of goods sold for the year : The company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit. What is Silverman's cost of goods sold for the year
How much is recorded in ff statement of financial position : The preference shares were selling for P28. How much is recorded in FF's statement of financial position for the preference shares contributed capital?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identify the six source documents that need to be processed

The manager Identifies the following six source documents that need to be processed to bring the accounting records up to date.

  Prepare an analysis showing the total contribution margin

spencer company manufactures and sells three products. relevant per unit data concerning each product are given

  How is this information reported on the company statement

How is this information reported on the company's 2017 income statement and statement of comprehensive income

  Discuss what type of information in the financial reports

What type of information in the financial reports would have helped the bank detect this reclassification

  Determine cost of the land to be reported on balance sheet

Fastball Delivery Company acquired an adjacent lot to construct a new warehouse, Determine the cost of the land to be reported on the balance sheet

  Prepare a statement of cash flows

Net Income for 2017 was $104,000. Required - Prepare a statement of cash flows for 2017 using the indirect method

  What amount should the payments

What amount should the payments be if Bogut plans to establish the $3,883,280 foundation at the end of 9 years

  The ceo would like to see higher sales and a forecasted net

hermann industries is forecasting the following income statement sales 5000000 operating costs excluding depreciation

  Define each of the accounting terms

Define each of the following - bond, treasury, note, risk-free rate of return, par value, coupon rate, coupon payment, period coupon payment.

  Discuss a banker right of set-off

Mr. X has a current account with ABC Bank Ltd. His clerk forged his signature to a cheque for TK. 50.000/- Discuss a banker's right of set-off

  Discuss the sales on account in the month of sale

All sales are made on account. Sutton expects to collect 70% of the sales on account in the month of sale

  What amount of loss is recognized by Lory Corporation

Lory sold the land to an unrelated party for its current fair market value of $500,000. What amount of loss, if any, is recognized by Lory Corporation

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd