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Sufit runs a women’s fashion boutique in Moncton, New Brunswick. A manufacturer of silk blouses in Pakistan will sell her products for 12.96% Pakistan rupees per dozen (36 rupees= $1 Canadian). She wants to order 12 dozen, and has been quotes $144 dollars (Canadian) as the shipping fee. Letters of credit for the order will cost $72. Assume that the Canadian tariff on silk blouses is 10%. Sufit doubles the cost of her clothing to arrive at a selling price. Give the figure for double the cost price. What would you recommend that Sufit charge?
Mulungushi University freight line is a provider of transportation services to Muteteshi residents. Included in its balance is land, Buildings and coach equipment. Depreciation is calculated separately for each depreciable item. The following transaction was completed for Mulungushi University in the year 2019. Equipment with an accumulated depreciation of K80, 000 and a cost of K120, 000 was traded for similar new equipment with a cash cost of K186, 000. A trade in allowance was received by Mulungushi on the old equipment and paid the balance in cash
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