3. Personal Purchase Scenario On a trip to Europe while shopping for the same pair of shoes in England and Germany . I encountered a challenge.
4. £39.95 GBP € 39.95 EUR United Kingdom Germany In which country would you get the most for your USD?
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9. How many different dollars exist in the world? Why is it important to check the type of currency on an invoice?
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11. Commercial Invoice $7,500.00 Total CNF $2,500.00 Freight $5,000.00 Total $5,000.00 $1.00 CN 5000 Widgets 9.4.08 Total USD Price in USD C/O Qty Description Date 847-555-5555 847-555-5555 123 Main St, Chicago, IL 60666 123 Main St, Chicago, IL 60666 123 Main St, Chicago, IL 60666 Company A Company A Company A Importer of Record: Ship to: Bill To: 9.4.08 Invoice Date: Invoice No. 123456789 Manufacturer/Shipper 567 Main St, Hong Kong, HK
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13. How does currency exchanges rates and Trade Agreements effect a company’s purchasing power?
14. Company A wants to purchase Widgets either from Germany, Singapore, China, Australia or Israel. Company Purchase Scenario
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16. $2.39 $2.31 $2.07 $1.63 $2.89 Cost per unit $11,964.72 $11,537.50 $10,368.75 $8,129.70 $14,456.56 Total Cost of Goods $2,500.00 $1,500.00 $2,000.00 $2,000.00 $1,500.00 Freight cost and Insurance $0.00 $0.00 $3,047.50 $97.20 $363.08 Anti-Dumping 0 0 60.95% 1.62% 3.06% Anti-Dumping Rate if Applicable $11.62 $12.50 $6.25 $7.50 $14.83 Harbor Maintance Fee $25.00 $25.00 $25.00 $25.00 $25.00 Merchandise Processing Fee $130.17 $0.00 $290.00 $0.00 $688.20 Duty 1.40% 0.00% 5.80% 0.00% 5.80% Duty rate Yes Yes No Yes No Trade Agreement $9,297.93 $10,000.00 $5,000.00 $6,000.00 $11,865.45 Cost on Commercial Invoice in USD 0.929793 1.00 1.00 1.00 1.58206 Exchange Rates 5000 5000 5000 5000 5000 Number of Units AUD USD USD USD EUR Currency Type Product sold in 2.00 2.00 1.00 1.20 1.50 Unit Price Australia Israel China Singapore Germany Country
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18. The really key factors here was the trade agreements and anti-dumping. $0.00 $0.00 $3,047.50 $97.20 $363.08 ADA $ 0 0 60.95% 1.62% 3.06% ADA Rate 1.40% 0.00% 5.80% 0.00% 5.80% Duty rate Yes Yes No Yes N/A Trade Agreement Australia Israel China Singapore Germany Country
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