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4 years ago

What is the purpose of the customs department of a country’s government?

Business

1 answer:

soldi70 [24.7K]4 years ago

8 0

Answer:

Customs Duty is a tariff or tax imposed on goods when transported across international borders. The purpose of Customs Duty is to protect each country's economy, residents, jobs, environment, etc., by controlling the flow of goods, especially restrictive and prohibited goods, into and out of the country.

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Max and maddy charge people to park on their lawn while attending a nearby craft fair. At the current price of $10, seven people

guapka [62]

Answer: c. They would do better charging $15 than $10.

Explanation:

It is given that Max and Maddy total cost of car parking remains the same, that is it does not matter whether they have seven or five cars parked on their lawn. So, since total cost is constant, Max and Maddy's decision would depend on total revenue.

$Profit = TR- TC$

Total revenue from charging, $10 is $70,

Total revenue from charging $15 is $75.

Since, total cost is constant, Max and Maddy will choose to charge $15 since it is giving them $5 more.

5 0

3 years ago

A small country that uses the U.S. dollar as its currency is measuring its GDP for the current year. Personal consumption expend

statuscvo [17]

Answer:

$117,800

Explanation:

GDP formula is:

GDP= Consumption (C)+ Investment (I)+ Government expenditure ()+ Net exports (exports-imports)

Last year, C= $69,000 and it increased 10% (100%+10%=110%),

This year: C= $69,000*1.10= $75,900.

Last year: I= $18,000 and it decreased 5% (100%-5%=95%).

This year: I= $18,000*0,95= $17,100

Last year: G=$19,000 and it increased by 20% (100%+20%=120%)

This year: G= $ 19,000*1.20=$22,800

Last year: X-M= $2000 and it remained the same

This year: X-M= $2000

Current year´s GDP= $75,900+$17,100+$22,800+$2000= $117,800

5 0

3 years ago

Assume Worldwide Cleaning Service had net income of $ 900 for the year. Worldwide Cleaning Service's beginning and ending total

g100num [7]

Answer:

return on assets = 20%

Explanation:

given data

net income = $900

beginning total assets = $4600

ending total assets = $4400

solution

we get here return on assets that is express as

return on assets = $\frac{net\ income}{average\ assets}$ × 100 ............1

here average assets will be

average assets = $\frac{4600+4400}{2}$

average assets = $4500

put here value we get

return on assets = $\frac{900}{4500}$ × 100

return on assets = 20%

4 0

3 years ago

At an activity level of 9,200 machine-hours in a month, Nooner Corporation's total variable production engineering cost is $825,

dybincka [34]

Answer:

variable per unit $ 89.72

fixed cost per unit $ 26.5

total unit cost $ 116.22

Explanation:

Variable cost per machine-hour

825,420 / 9,200 = 89.72

This will keep constant at unit level thus, at 9,400 the variable cost will still be 89.72

Now fixed cost: 249,100 / 9,400 output = 26.5

This is the fixed cost per unit considering a 9,400 untis output

Now, we add them to get the total unit cost:

89.72 + 26.5 = 116.22

6 0

3 years ago

Analysis of the general environment enables a firm to identify: a. capabilities b. opportunities and threats c. strategic resour

attashe74 [19]

Option B

Analysis of the general environment enables a firm to identify: opportunities and threats

<u>Explanation:</u>

The general environment usually has a sturdy impact on a firm's level of achievement, officials must pursue biases and circumstances as they emerge and attempt to envision the associations of these biases and circumstances.

The environmental inquiry is an imperative tool. It is a manner to distinguish all the outside and subjective factors, which can influence the organization’s execution. The review involves valuing the level of threat, an opportunity the determinants might impersonate. These determinants are succeeding rendered into further means.

6 0

3 years ago