FILL IN THE BLANK. ___ Tariffs require the importer to pay a percentage of the value of the imported merchandise. Ad valorem Ad hoc Harmonized Customs valuation D Record Answer
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Ad valorem tariffs require the importer to pay a percentage of the value of the imported merchandise. This means that the amount of duty owed is calculated based on the value of the goods being imported. Ad valorem tariffs are commonly used by governments around the world to raise revenue and protect domestic industries.
They are considered to be more predictable than other types of tariffs because they are based on a specific percentage of the value of the goods. The other types of tariffs mentioned in the question, ad hoc and harmonized customs valuation, are not relevant to the answer as they do not relate to the specific question of how tariffs are calculated based on the value of imported goods. The correct term to fill in the blank is: Ad valorem tariffs require the importer to pay a percentage of the value of the imported merchandise. Ad valorem tariffs are calculated based on a percentage of the item's total value, making the tariff proportional to the value of the goods being imported. This contrasts with specific tariffs, which are set amounts based on the quantity or volume of the imported merchandise.
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Related Questions
Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
Answers
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
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"The big white house on the hill clearly" was different from any of the other homes in the subdivision. It had more rooms, a double lot, and a large oversized garage and the house was bigger than the smaller homes on either side of it. The homeowner decided to sell the home and was very surprised when the appraiser did not give him the value that he had expected. In this case, the appraiser used the principle of:
Answers
Answer: Functional Obsolescence
Explanation:
Functional Obsolescence could be described as when a product is undervalued than what is expected due it's composed of outdated features.
Most very old homes are usually outdated. Innovation spring forth every day, especially in the area g homes, homes that are commercially rented are portable and have recent designs, but for homes that are not they may not be valued for what they should or what the seller expects. This is the scenario with homeowner.
Answer:
Conformity
Explanation:
a house that is built differently than the houses in the area actually may have a decrease in value.
i need help with this problem
thank you in advanced
Answers
Answer:
Price will decrease when supply increases. Supply will increase when. Quantity exchanged will increase when supply decreases
An investor whose highest priority is getting the largest gains possible, even if
it requires a lot of risk, would most likely invest in ________.
A. Hedge funds
B. Bonds
C. Mutual funds
D. Saving accounts
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The investor whose highest priority is getting the largest gains possible would invest in hedge funds. (option A)
What are hedge funds?Hedge funds are alternative investments that pool the financial resources of different high net worth people together in order to invest in different ventures. Hedge funds are known to invest in different risky and illiquid investments. This increases the rate of their returns relative to other options.
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Please help I’ll give you brainiest
Answers
Because we do not have the clip, I'll just provide definitions to each answer.
competing: striving against one another to gain or win something.
collaborating: work jointly on an activity, especially to produce or create something.
compromising: settle a dispute by mutual concession.
accommodating: fit in with the wishes or needs of.
avoiding: keep away from or stop oneself from doing (something).
What economic concept is applied in this statement? By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. A. equilibrium B. law of demand C. law of supply D. negative externality E. positive externality
Answers
The economic concept applied in this statement is of a positive externality. So, option (E) is the correct answer.
What is a positive externality in economics?In the given context, the three primary notions are "skills," "students," and "jobs." The concept of positive externality comes into play when the consumption or production (skills) of good results (getting hired) benefits a third party (students).
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Answer:
E. positive externality
Hope this helps!
Explanation:
The way Professor Quinn chose to handle this situation illustrates the difficulty of dealing with ethics violations. Listed as follows are several ways that corporations try to encourage ethical behavior in their employees. Which of these techniques do you see used in this scenario? Check all that apply. -Providing support for whistleblowers -Establishing a code of ethics -Providing ethics training for employees -Referring ethical dilemmas to an ethics committee
Answers
Answer:
Establishing a code of ethicsReferring ethical dilemmas to an ethics committeeExplanation:
Consider, by establishing a code of ethics it allows corporations to prevent their employees from making excuses for any ethical violation. Furthermore, when referring ethical dilemmas to an ethics committee is made available to employees by corporations it allows their employees to easily get the right information about how to behave ethically.
What is the main difference between goods and services?
Answers
For the following situations, decide whether this is
an example of an informal or formal trade barrier.
A. Law requiring that stores be closed on Sunday
b. Beliefs about not eating certain foods
c. Special tax on the sale of books
d. Required nutritional information on food
packaging
e. Hiring family members when jobs are available
in an organization
Answers
A=formal trade
B= informal trade
C= formal trade
D= informal trade
E= informal trade
Trade is basically the activities of buying and selling of goods both locally and internationally.
Formal trade barrier refers to factors which affect trading activities negatively and are indeed legal. Such barriers include import duties, taxes etc Informal trade barrier refers to factors which affect trading activities negatively but not from government and they includes transport costs, cumbersome customs practices, regulations, corruption etcThe decision on whether the trade barrier are formal or informal are as follow:
The Law is an example of Formal trade barrier. Various belief like this is an example of Informal trade barrier.The special tax imposed on books is an example of Formal trade barrier.The required nutritional information is an example of Formal trade barrier. Hiring of family members is an example of Informal trade barrier.Lear more about Trade barrier here
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Managing negative feelings is__
a. A process
b. A hierarchy
c. An emotion
d. A deadline
Answers
Answer:
an emotion
Explanation:
process is the lead
hierarchy is increase
deadline is the date
Managing negative feelings is a process.The correct option is a.
It takes a variety of coping mechanisms and individualized approaches to effectively manage unpleasant emotions. It entails identifying and expressing negative emotions, comprehending their underlying causes, and implementing constructive coping strategies. This procedure might involve introspection, asking for help from others using relaxation techniques, exercising or getting professional assistance.
Individuals can improve their emotional resiliency, mental health and overall life satisfaction by actively addressing negative emotions. It is critical to understand that controlling unpleasant emotions is a continuous and dynamic process because feelings can change depending on the situation and one's experiences. Greater emotional intelligence and improved mental health can result from learning effective emotional management techniques.
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Where is the space debris and how do space agencies track it?.
Answers
Answer: It is found near the outside of Earth.
Explanation:
A multinational enterprise would likely be motivated to pursue a global-standardization strategy in order to ______. (Check all that apply.)
Answers
-differentiate more
-take advantage of economies of scale
-take advantage of location economies
-be locally responsive
-take advantage of economies of scale
-take advantage of location economies
A company that uses a standard cost system completed 5,000 units of product. The standard cost was $3. 25 per unit and the actual cost was $3. 00 per unit. Transferring the completed goods to finished goods inventory requires a journal entry that
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To transfer the completed goods to the finished goods inventory in a standard cost system, you need to record the difference between the standard cost and the actual cost.
In this case, the actual cost is lower than the standard cost, resulting in a favorable variance. Here's the journal entry:
Date: [Date of the transfer]
Debit: Finished Goods Inventory [Cost of Goods Manufactured] (Asset) - $16,250 (5,000 units * $3.25 per unit)
Credit: Work-in-Process Inventory (Asset) - $15,000 (5,000 units * $3.00 per unit)
Credit: Manufacturing Variance (Expense) - $1,250 (5,000 units * ($3.25 - $3.00) per unit)
The Finished Goods Inventory is debited by the standard cost of the completed goods, which is $16,250 (5,000 units * $3.25 per unit).
The Work-in-Process Inventory is credited by the actual cost of the completed goods, which is $15,000 (5,000 units * $3.00 per unit).
The Manufacturing Variance account is credited with the favorable variance, which is the difference between the standard cost and the actual cost, equal to $1,250 (5,000 units * ($3.25 - $3.00) per unit).
Please note that the specific account names used may vary depending on the accounting framework and terminology used in your company. It's important to consult with a professional accountant or adhere to the specific accounting guidelines applicable to your situation.
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Four brokerage firms operate in the same small city as Jackson’s firm. All the firms charge approximately the same listing commission and pay approximately the same cooperating commission to the selling broker. The commission splits within each firm are also similar. Is this an antitrust violation? Why or why not?
Answers
Answer:
Yes, this is antitrust violation. Because, the tend to restrain trade in that small city thereby denying other small player brokerage firms from making a living due to their monopolistic actions among themselves.
Explanation:
Antitrust laws are designed in-order to prohibit a number of business practices that restrain trade. Examples of illegal practices are price-fixing conspiracies, corporate mergers that are likely to cut back the competitive fervor of certain markets, and predatory acts designed to gain or hold on to monopoly power.
Violations of such laws attract sanctions and punishment from the regulatory body in-charge of protecting such.
If a business is using factors of production 100% efficiently, the plot will be on the curve. However, most business efficiency falls inside the
curve. Why is this?
A. They are not making efficient use of their factors
of production.
B. They are making over 100% efficient use of their
factors of production.
C. They are making inequitable use of their factors
of production.
Answers
Answer: A. They are not making efficient use of their factors of production.
Explanation:
Production Possibilities Curve helps in capturing opportunity cost and scarcity when an economy produces two goods or services.
It should be noted that the points on the interior of the PPC simply means that the economy is inefficient. The points on the PPC implies that the economy is efficient, while the points beyond the PPC simoky means that they are unattainable.
Based on the question, the production points inside the curve simply implies that the economy isn't producing at its comparative advantage, and therefore, they are not making efficient use of their factors of production.
As a business owner, Marlon analyzed the economy to determine if it is a good time to open a new shop. What facts probably helped him realize that it is a good time do it?
Low unemployment rate and prices are rising slowly
High unemployment rate and prices are rising quickly
Few homes are being sold and restuarants are closing
Prices aren't changing and factories are shrinking
Answers
As a business owner, Marlon's decision to open a new shop would have been influenced by several economic factors. The two factors that probably helped him realize that it is a good time to do so are the low unemployment rate and slowly rising prices. These indicators suggest a stable economy with a healthy labor market and a controlled inflation rate. The correct option is a.
A low unemployment rate implies that there is a high demand for labor, which means that consumers have purchasing power to support businesses. In addition, low unemployment rates tend to increase consumer confidence, which can translate into higher spending and revenue for businesses. The slowly rising prices also suggest that inflation is under control, which means that consumers are not feeling the pinch of increasing costs of goods and services. This can lead to increased spending and growth in the economy.
On the other hand, the other options presented in the question, such as high unemployment rates and quickly rising prices, few homes being sold, and restaurants closing, indicate a weak or declining economy. High unemployment rates and quickly rising prices can result in decreased consumer confidence and lower spending, which can be detrimental to businesses. Few homes being sold and restaurants closing are also signs of a weak economy with decreased demand. The correct option is a.
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short notes on audit and auditor
Answers
Answer:
Audit
Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions.
Auditor
An auditor is a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws.
Which of the following is NOT Considered personal information?
O a) Social Security number
Ob) Date of Bith
Oc) Place of employment
O d) Credit card number
Answers
Answer: NOne of the above. Or C Place of employement
Explanation:
The personal information that does not consider is the place of employment.
The following things should be considered for personal information:
The number of social security.The date of birth.The credit card number.Personal information refers to the information that does not share with anyone as it is safe and secure data that should be kept with the person only.
Therefore we can conclude that the personal information that does not consider is the place of employment.
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assume that year 1 is the first year for this economy and year 3 is the current year. what is the public debt in this economy at year 3?
Answers
The public debt is equal to the cumulative budget deficits, which in this case is $0 billion.
To calculate the public debt in this economy at year 3, we need to determine the cumulative budget deficits or surpluses from year 1 to year 3.
The budget deficit or surplus can be calculated as the difference between government spending and tax revenues:
Year 1: Budget deficit = $800 - $825 = -$25 billion (surplus)
Year 2: Budget deficit = $850 - $850 = $0 billion (balanced)
Year 3: Budget deficit = $900 - $875 = $25 billion (deficit)
To calculate the cumulative budget deficits, we sum up the deficits from year 1 to year 3:
Cumulative budget deficits = (-$25 billion) + $0 billion + $25 billion = $0 billion
Therefore, the correct answer is:
$0 billion.
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Full Question: Government Spending Year 1 $800 Year 2 850 Year 3 900 Year 4 950 Year 5 1,000 Tax Revenues $825 850 875 900 925 GDP $4,000 4,200 4,350 4,500 4,600 Assume that year 1 is the first year for this economy and year 3 is the current year. What is the public debt in this economy at year 3? Multiple Choice $75 billion Oso bilion $25 billion
yui is working on a new marketing campaign and has decided to form a team to help with this process. what are the advantages of using a team for the marketing decisions?
Answers
The primary advantage of using a team for marketing decisions is that it allows for a variety of perspectives to be considered in the decision-making process.
About marketing decisionWhen more than one person is involved in a decision, a wider range of ideas and perspectives can be taken into account. This can lead to decisions that are more creative, effective, and successful in the long-run.
Additionally, having multiple people on the team can help ensure that all possible outcomes and potential consequences of a decision have been taken into consideration, leading to more well-thought-out decisions.
Teams also have the advantage of allowing members to specialize in their areas of expertise. This ensures that each person can make the best possible contributions to the decision-making process. In addition, teams allow for members to be held accountable for their actions, which encourages responsible decision-making and problem solving.
Finally, teams also allow for members to provide emotional and moral support to each other during the decision-making process, creating a more positive environment for productive conversations and ideas.
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Consider the following work breakdown structure: Create a PERT Chart What is the Critical Path?
Answers
Critical Path: The critical path is the longest task sequence of a project. PERT charts are used to determine the critical path of a project to estimate its duration
What is the Critical Path?
WBS resolves the project into actionable steps and manageable sections. Start with the earliest task, and determine which following activities cannot be completed until this task is finished. The longest, more time-consuming task is the next step in the critical pathCritical Path Analysis formally identifies tasks which must be completed on time for the whole project to be completed on time. It also identifies which tasks can be delayed if resources need to be reallocated to catch up on missed or overrunning tasks.Calculating Critical Path is a simple 4-step process.Step 1: Find Activities. Activities for this project are as below (output from Define Activities process) – ...Step 2: Build Schedule Network Diagram. ...Step 3: Find all Possible Paths. ...Step 4: Calculate Duration for Each Path.To learn more about PERT chart refers to:
https://brainly.com/question/30204296 #SPJ4Luma Inc. has provided the following data concerning one of the products in its standard cost system.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials4.8 ounces$6.90 per ounceThe company has reported the following actual results for the product for September:Actual output2,100unitsRaw materials purchased10,500ouncesActual price of raw materials$7.80per ounceActual cost of raw materials purchased$81,900Raw materials used in production10,090ouncesThe raw materials quantity variance for the month is closest to:A) $69 FB) $78 FC) $69 UD) $78 U
Answers
Answer: $69 U
Explanation:
Firstly, based on the information given, we need to calculate the standard usage which will be:
= Actual output × Standard Qty/hours per unit
= 2100 x 4.8
= 10,080
Therefore, the raw material quantity variance will be:
Raw material usage in production = 10,090 ounces
Standard usage = 10,080
Standard Price = $6.90
Then, the raw material quantity variance will be:
= (Actual usage in units - Standard usage in units) x Standard cost per unit
= (10,090 - 10,080) x 6.9
= 69621 - 69552
= 69U
SOMEONE HELP ME PLEASE
Which sentence describes a cooperative organization?
Cohen and his friends work in a cooperative organization.
They own and control the functions of the organization.
Their sole motive is to gain profit.
They can trade their stocks in the financial market.
Answers
The statement "They own and control the functions of the organization" best describes a cooperative organization.
A cooperative is when two or more people come together to form an organization or form a business that is democratically run and managed by them alone. This means that it is a united effort by the individuals involved to run a business.
Cooperatives may vary according to the needs and wants of the individuals. But at the same time, the rules and other policies can also be changed to suit the need of the members.Cooperatives represent a much better form of unity and accomplishments, especially for lesser known individuals or less powerful members of the society.Such individuals may be farmers, workers, individual producers, etc. who would unitedly work to accomplish common goals and beliefs.Thus, the correct answer is the second option.A cooperative organization, in short, can be best stated as the unified union or gathering of various individuals with different expertise or dreams with the aim to achieve success. They share the responsibilities among themselves and also control the functions of the organizations equally.
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'Cooperative Organization' is characterized as the 'organization that is either partially or wholly owned and regulated by its employees, customers, or tenants.'
The sentence that appropriately describes such an organization would be:
B). They own and control the functions of the organization.
In a cooperative organization,
The people willingly come forward to accomplish their common needs including various economic, communal, and cultural needs. To serve these purposes, these people collectively own an enterprise/company whose goods and services are used by them only. Each member carries equal power and rights in such an organization Agriculture, utilities, Insurance, Healthcare, etc. are some of the illustrations of such organizations.Learn more about 'Cooperative organization' here:
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Bodine Corp. has a contract to deliver cleaning products to the community center. The contract with the aquatic center states that the first 500 gallons of cleaner will cost $16 per gallon. However, the cost will drop to $12 per gallon for all purchases over 500 gallons. Based on its experience, Bodine Corp. estimates that the center will use 800 gallons of chemicals. What transaction price per gallon should Chlorine use for this contract?
Answers
Based on the information provided, Bodine Corp. has a contract with the aquatic center for delivering cleaning products. For the first 500 gallons, the cost is $16 per gallon, and for any additional gallons beyond that, the price drops to $12 per gallon.
Since Bodine Corp. estimates that the center will use 800 gallons of chemicals, we can calculate the total transaction price for the contract as follows:
First 500 gallons: 500 gallons x $16/gallon = $8,000
Additional 300 gallons: 300 gallons x $12/gallon = $3,600
Total cost for 800 gallons: $8,000 + $3,600 = $11,600
To find the transaction price per gallon, we can divide the total cost by the total number of gallons:
$11,600 / 800 gallons = $14.50 per gallon
So, the transaction price per gallon for this contract should be $14.50.
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Sophia used the Consumer Reports website to research an economical choice for a new washer and dryer for her apartment, and she trusted the information because the website was not affiliated with the sellers of these products. This is an example of which type of information source in the purchase decision process
Answers
The public source of information is used in the purchase decision process by Sophia.
What is a public source of information?A public source of information refers to a source of information of a non-confidential nature that are publicly available for all.
The public source of information are access through:
internet search means.information service subscription.materials created and sent to members of the public.In conclusion, the public source of information is used in the purchase decision process by Sophia.
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I
In which book of original entry would you enter the following?
(a) Sales invoice
(b) Debit note-
(c) Cash sale-
(d) Purchase invoice-
(e) Credit note-
Answers
The portion of a change in quantity demanded caused by a change in price that makes other products more or less costly.
Answers
The portion of a change in quantity demanded caused by a change in price that makes other products more or less costly is substitution effect.
A shift along a demand curve is used to illustrate a change in quantity demanded. The elasticity of demand, which is correlated with the slope of the demand curve, is the ratio of the change in quantity required to a change in price.
The substitution effect is the decline in sales of a product that results from customers switching to less expensive substitutes when the price of the product increases. Although there are numerous possible reasons why a product loses market share, the substitution impact is only a reflection of thriftiness. A brand’s price increase may cause some customers to choose a less expensive substitute.
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Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,388. The FICA tax for social security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,391.77. What is the total amount of taxes withheld from the Portia's earnings
Answers
Answer: $2,033.46
Explanation:
Social security taxes = 8,388 * 6.2% = $520.06
Medicare taxes = 8,388 * 1.45% = $121.63
Federal income tax withheld = $1,391.77
FUTA and SUTA are to be paid by the employer not the employee.
The total amount of taxes withheld from Portia is therefore:
= 520.06 + 121.63 + 1,391.77
= $2,033.46
as described in the passage, the pattern of economic development in russia in the nineteenth century differed most strongly from which other pattern of economic development during the same period?
Answers
The changeover of production from preindustrial to industrial through the deeds of private businesspeople or corporations.
People have spent the majority of human history living in preindustrial societies, which were characterized by primitive technologies and low levels of output. Many civilizations developed mechanized labor-based economies after the Industrial Revolution, which increased profitability and a tendency toward more social mobility.
The majority of Americans lived on farms prior to the Industrial Revolution. To make what they required for daily life, the entire family pitched in. They bargained or bartered for goods they could not produce themselves. The blacksmith will accept corn in exchange for horseshoes or nails from a farmer.
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jeff finds steak in the supermarket priced at $16 but that he would have been willing to pay $20 for. the butcher notices the meat is near the expiration date and gives him an extra 75 % off. Jeff_______surplus
Answers
Jeff's surplus after the discount is $18.50. Jeff gains a surplus.
A surplus is the amount by which the price a buyer is willing to pay exceeds the actual price paid. In this case, Jeff was willing to pay $20 for the steak but found it for $16. When the butcher gives him an extra 75% off due to the meat being near expiration, the price is reduced to $4. Therefore, Jeff gains a surplus of $16 ($20 - $4).
1. Initially, Jeff is willing to pay $20 for the steak, but the supermarket price is $16. So, before any discount, Jeff has a surplus of $20 - $16 = $4.
2. The butcher gives Jeff a 75% discount on the steak. This discount is calculated as 75% of $16, which is 0.75 * $16 = $12.
3. The final price Jeff pays for the steak after the discount is $16 - $12 = $4.
4. To find Jeff's surplus after the discount, we need to subtract the final price from the amount he was willing to pay: $20 - $4 = $18.50.
Jeff's surplus after receiving the 75% discount on the steak is $18.50.
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