Barcelona Machine Tools. Oriol D'ez Miguel S.R.L. a manufacturer of heavy duby machine lools near...
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Barcelona Machine Tools. Oriol D'ez Miguel S.R.L. a manufacturer of heavy duby machine lools near Barcelona, ships an order to a buyer in Jordan. The purchase price is E429,000. Jordan imposes a 14% import duty on alt products purchased from the European Union. The Jordanian importer then ro-exports the product to a Saudi Arabian importer, but only after inposing its own resale fee of 27\%. Given the following spot oxchance rates on April 11,2010, what is the total cost to the Saudi Arabian importer in Soudi Arabian riyal, and what is the U.S. dollar equivalent of that price? (Click on the C. icon to import the table into a spreadshest) The spot rate, Saudi Arabian riyal per Jordanian dinar is SR. JD. (Round to five decimai piaces.) Calculate the retale price to Saudi Arabia below: (Round to two decimal places.)
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