Question
Read the shipment details below and select the correct information to be inserted in box no. 7 of the attached truck bill of lading. Select one answer.
Solution
Expert Verified
4.3(143 Voting)
NigelProfessional · Tutor for 6 years
Answer
To determine the correct information to be inserted in box no. 7 of the truck bill of lading, we need to calculate the freight rate for the shipment from Windsor, Ont. to Toronto, Ont.<br /><br />Given:<br />- The shipment consists of 10 skids.<br />- Each skid weighs 500 lb.<br />- Total weight = 10 skids * 500 lb/skid = 5000 lb.<br /><br />From the CIFFA Trucking Inc. Special Rate Sheet, we look at the rates for shipments from Windsor to Terminal Toronto:<br /><br />\begin{array}{|l|r|r|r|r|r|r|r|}<br\ />\hline\ Location\ &\ Min\ &\ LTL\ &\ +500\ &\ +1000\ &\ +2000\ &\ +5000\ &\ +10000\ \\<br\ />\hline\ Windsor\ &\ 110.00\ &\ 22.00\ &\ 11.65\ &\ 8.00\ &\ 4.85\ &\ 2.85\ &\ 2.65\ \\<br\ />\hline<br\ />\end{array}<br /><br />Since the total weight is 5000 lb, we use the rate for the "+5000" category, which is CAD 2.85 per 100 lb.<br /><br />Now, let's calculate the total freight cost:<br />\[ \text{Total Freight Cost} = \left( \frac{\text{Total Weight}}{100} \right) \times \text{Rate per 100 lb} \]<br />\[ \text{Total Freight Cost} = \left( \frac{5000 \text{ lb}}{100} \right) \times 2.85 \text{ CAD/100 lb} \]<br />\[ \text{Total Freight Cost} = 50 \times 2.85 \]<br />\[ \text{Total Freight Cost} = 142.50 \text{ CAD} \]<br /><br />Therefore, the correct information to be inserted in box no. 7 of the truck bill of lading is CAD 142.50.
Click to rate: