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Calculate cash balance available at enterprise bank account

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Question - Assume that ABC agriculture enterprise engaged in import and export trade activities. The enterprise has at its bank account br.1, 500,000.00 at the beginning of the month. The enterprise received at the bank account from its customers USD 30,000.00 and EURO 100,000.00. The enterprise import materials at FOB value USD 50,000.00 br.20, 000.00 60,000.00 and 80,000.00 for insurance, transport (freight) and customs duty respectively.

 

Buying

Selling

USD

19.5

20

EURO

26

26.5

Required -

1. Calculate the total cost of materials assuming that the enterprise charged 3%by the bank service.

2. Calculate the total amount of fund transferred to the enterprise account.

3. Calculate the cash balance available at enterprise bank account assume that is no withdrawal expect payment for purchase during the month.

Reference no: EM132572203

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