30. World Foods, Inc., imports food products such as meats, cheese, and pastries

Question

30. World Foods, Inc., imports food products such as meats, cheese, and pastries to the United States from warehouses at ports in Hamburg Marseilles, and Liverpool. Ships from these ports deliver the products to Norfolk, New York, and Savannah, where they are stored in company warehouses before being shipped to distribution centers in Dallas, St. Louis, and Chicago. The products are then distributed to specialty food stores and sold through catalogs. The shipping costs ($/1,000 Ib.) from the European ports to the U.S. cities and the available supplies (1,000 Ib.) at the European ports are provided in the following table: U.S. City 6. Supply European 4. 5. Port Norfolk New Savannah York $420 $390$610 Hamburg 78 510 590470 2. Marseilles

Explanation / Answer

Compuattion of selling price of Bond

Selling price = Semi Annual Interest * PVAF (4%, 30) + Redemption value * PVF(4%, 30)

Selling price = 3409700 * 4.5% * 17.29203 + 3409700 * 0.30832

Selling price = $2653229 + 1051278

Selling price = $3704507

Related Questions

Navigate

• Browse (All)
• Browse 3
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.