Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are importing cotton sweaters from Hong Kong at a CPT New York price of $20.00 per sweater. The sweater has a zipper down the

You are importing cotton sweaters from Hong Kong at a CPT New York price of $20.00 per sweater. The sweater has a zipper down the middle of the sweater which you purchased from YKK in Japan at a cost of $2.00 per zipper. Prior to shipment, the seller paid you for the zippers. The cost of air freight was $1.00 per sweater. Insurance was $.50 per sweater. The rate of duty on cotton sweaters is 20%. The dollar amount of duty per sweater that you will pay at time of entry is:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

The Law Of Torts

Authors: Joseph W. Glannon

6th Edition

1543807690, 978-1543807691

More Books

Students also viewed these Law questions

Question

2. What types of information are we collecting?

Answered: 1 week ago

Question

5. How quickly can we manage to collect the information?

Answered: 1 week ago

Question

3. Tactical/strategic information.

Answered: 1 week ago