FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company A wishes to import microwaves it manufactures into the US. The transaction value of each microwave is $100. The payable duty is a compound

Company A wishes to import microwaves it manufactures into the US. The transaction value of each microwave is $100. The payable duty is a compound tariff rate. The specific rate is $2.00. The ad valorem tariff is 7.00%. What will be the liquidation amount paid on each microwave? 

Step by Step Solution

★★★★★

3.43 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the liquidation amount paid on each microwave imported by Compan... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Futures and Options Markets

Fundamentals of Futures and Options Markets

Authors: John C. Hull

8th edition

978-1292155036, 1292155035, 132993341, 978-0132993340

More Books

Students also viewed these Accounting questions

Question

★★★★★
Company A wishes to borrow U.S. dollars at a fixed rate of interest. Company B wishes to borrow sterling at a fixed rate of interest. They have been quoted the following rates per annum (adjusted for...

Answered: 1 week ago

Question

★★★★★
7) The second financial statement to prepare is the statement of retained eamings. To determine the ending balance of retained earnings you need to start with the opening balance as reported in the...

Answered: 1 week ago

Question

★★★★★
Luciana is a 25-year-old Colombian citizen who came to Canada four years ago as an international student. Making this decision wasn't easy as she had to work abroad for a couple of years on a cruise...

Answered: 1 week ago

Question

★★★★★
Write a SELECT statement that returns four columns from the Vitals table: Height in. Weight. Jh. Jempand Pulse. Then, run this statement to make sure it works correctly. Add an ORDER BY clause to...

Answered: 1 week ago

Question

★★★★★
What is the future value of $2,400 in 17 years assuming an interest rate of 7.9 percent compounded semiannually?

Answered: 1 week ago

Question

★★★★★
Repeat Problem 9.14 for a bolted double line-to-ground fault. Problem 9.14 Determine the subtransient fault current in per-unit and in kA, as well as the per-unit line-to-ground voltages at the fault...

Answered: 1 week ago

Question

★★★★★
We ask five persons which day of the week they were born. Find the probability that (i) no one was born on a Tuesday; (ii) at least three persons were born during a weekend; (iii) not all five were...

Answered: 1 week ago

Question

★★★★★
Listed below are costs of providing an airline service. Classify each cost as (a) either variable or fixed, and (b) either direct or indirect. Consider the cost object to be a flight. Variable or...

Answered: 1 week ago

Question

★★★★★
A stock has had returns of - 1 9 . 5 percent, 2 9 . 5 percent, 3 0 percent, - 1 0 . 6 percent, 3 5 . 3 percent, and 2 7 . 5 percent over the last six years. What are the arithmetic and geometric...

Answered: 1 week ago

Question

★★★★★
Solve this in python. **[70 pts]** You will be writing code for recording the menuitems and daily sales of a lemonade stand. It will have theseclasses: MenuItem, SalesForDay, and LemonadeStand. All...

Answered: 1 week ago

Question

★★★★★
23. Assume today's settlement price on a CME EUR futures contract is $1.3140/EUR, where EUR125,000 is the contract size of one EUR contract. You have a short position in one contract. Your...

Answered: 1 week ago

Question

★★★★★
Problem 8: A 25 cm diameter pipe carries oil of Sp. Gr. 0.9 at a velocity of 3 m/s. At another section the diameter is 20 cm. Find the velocity at this section and also mass rate of flow of oil.

Answered: 1 week ago

Question

★★★★★
Create new users called andrew leclerck, aya aliyev, and mia sun. Their login names should be andrew-leclerck, aya-aliyev, and m-sun respectively. Create a group called admins with GID 2127. Add...

Answered: 1 week ago

Question

★★★★★
Becker & Smith, CPAs, performs a financial statement review for BAM Markets ( BAM ) . Caroline, the manager on the job, learns that Don, a member of the review team, violated the independence rules...

Answered: 1 week ago

Question

★★★★★
Milk Milk is one of the few remaining dairy farms that still supplies fresh milk for sale to customers through direct farm purchase, home delivery or selected store outlets. Milk is obtained from the...

Answered: 1 week ago

Question

★★★★★
Degnan Dance Company, Inc., a manufacturer of dance and exercise apparel, is considering replacing an existing piece of equipment with a more sophisticated machine. The following information is...

Answered: 1 week ago

Question

★★★★★
Ensign Beleau, a calendar-year taxpayer, was assigned a post of duty on the U.S.S. Eisenhower. The ship went on a 6- month cruise of the Mediterranean Sea, leaving February 15, 2020. Ensign Beleau...

Answered: 1 week ago

Question

★★★★★
Suppose you are comparing just two means. Among the possible statistics you could use is the difference in means, the MAD, or the max min (the difference between the largest mean and the smallest...

Answered: 1 week ago

Question

★★★★★
Suppose that F 1 and F 2 are two futures prices on the same commodity where the times to maturity of the contracts are t 1 and t 2 with t 2 > t 1 . Prove that Where is the interest rate (assumed...

Answered: 1 week ago

Question

★★★★★
A financial institution has just sold 1,000 seven-month European call options on the Japanese yen. Suppose that the spot exchange rate is 0.80 cent per yen, the exercise price is 0.81 cent per yen,...

Answered: 1 week ago

Question

★★★★★
The price of gold is currently $1,800 per ounce. Forward contracts are available to buy or sell gold at $2,000 per ounce for delivery in one year. An arbitrageur can borrow money at 5% per annum....

Answered: 1 week ago

Question

★★★★★
If you were to make Leah Sanchezs decision of how many calendars to order, what order amount would you chose? Why?

Answered: 1 week ago

Question

★★★★★
A friend of yours has just learned about Monte Carlo simulation methods and has asked you to do a simulation of a complicated decision problem to help her make a choice. She would be happy to have...

Answered: 1 week ago

Question

★★★★★
A retail manager in a discount store wants to establish a policy of the number of cashiers to have on hand and also when to open a new cash register. The first step in this process is to determine...

Answered: 1 week ago

Previous Question Next Question