1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kryger [21]
3 years ago
10

Gables purchased used Mercedes from a German company. The cars were built for the German market and met its safety and pollution

requirements. Gables hoped to sell the cars in the U.S., and so shipped them to New York. Upon reaching Customs, the cars will:
Business
1 answer:
Mazyrski [523]3 years ago
5 0

Answer: (E) none of the other choices

Explanation:

None of the options are correct in the above question.

The USA extends Most Favoured Nation Status to most countries in the world including Germany so that would not be a reason for the car's not to pass through customs.

The cars could indeed be a threat to national security. Just because they come from a safe country does not mean that they were not tampered with. They need to be properly inspected.

They are indeed a source of competition for US automakers but that would be no reason to stop them. Perhaps tariffs could be applied on them but they will not be stopped.

There is no provision in US Customs practices that prohibits the importation of used cars solely because they are used cars therefore it will not be a reason to halt the car's going through customs.

None of the options are therefore correct.

You might be interested in
Use the following selected date and additional information from the records of Hitchcock Corporation to answer the question that
yawa3891 [41]

Answer:

$35,000

Explanation:

Requirement:  Prepare the Operating Activities section of the Statement of Cash Flows for the year ended 2004. Use the INDIRECT Method

Cash from Operating Activities

Particulars                                                   Amount$

Net income                                                     6000

Add: Depreciation expense                         <u>50000</u>

Operating Cash Flow before                        56000

Change in Working Capital

Add:

Decrease in inventory                      3000

Increase in incomes taxes payable   7000    <u>10000</u>

Less:

Increase in accounts receivable    10000

Increase in prepaid Rent                  8000  

Decrease in accounts payable        7000

Decrease in salaries payable          6000   <u>-31000</u>

Cash from Operating Activities                  <u>$35000</u>

5 0
3 years ago
on december 1, bright company receives a 6% interest-bearing note from galvalume company to settle a $20,000 account receivable.
andreyandreev [35.5K]

At December 31, bright should record interest revenue of $100. Money gained by lending money or money acquired from depositing or investing can both be referred to as interest revenue.

Is interest revenue a liability or an asset?

If a company anticipates receiving the interest payment within the year, it typically records the interest receivable as a current asset on its balance sheet. Companies that collect interest from loans view this revenue as a significant source of income that belongs at the top of the income statement. It is the price of taking out a loan from a bank, financial institution, bond buyer, or another lender. In order to assist a business finance its operations, such as the acquisition of rival businesses or machinery, plant, and property, interest expense is incurred.

To learn more about interest revenue, refer to:

brainly.com/question/27992328

3 0
1 year ago
In the ______________, households receive goods and services and pay firms for them.
ad-work [718]
Never gunna give you up never gunna let you down, sorry I don’t know the answer, oops…
4 0
3 years ago
Sage Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $384,300. The estimated fair val
maria [59]

Answer: See explanation

Explanation:

The following can be calculated from the information given:

Total Asset Fair Value which will be:

= Land + Building + Equipment

= 73200 + 268400 + 97600

= $439200

Recorder Amount will now be:

Land = 73200 / 439200 × 384300

Land = 64050

Building = 268400 / 439200 × 384300

Building = 234850

Equipment = 97600 / 439200 × 384300

Equipment = 85400

3 0
3 years ago
A situation in which each firm chooses the best strategy given the strategies chosen by other firms is called a.
Trava [24]

Answer:

A Nash equilibrium results when every firm in an industry chooses a strategy that is optimal given the strategies chosen by its competitors.

4 0
2 years ago
Other questions:
  • A professor wanted to compare two types of teaching styles. One type is by tutorials and the other is giving a lecture. It is a
    6·1 answer
  • At $5 a bushel, there is an excess supply of wheat. Is this price above or below the equilibrium price?
    10·1 answer
  • Casey is considering taking out a 30-year loan with monthly payments of $205 at an APR of 1.9%, compounded monthly, and this equ
    8·2 answers
  • All of these are examples of subsidy except ____________________.
    11·2 answers
  • Production possibilities are the a. Alternative combinations of output that can be produced using all available resources and te
    10·1 answer
  • Consider consecutive processes A-B-C, where process A has a capacity of 25 units per hour, process B has a capacity of 30 units
    6·1 answer
  • Why does a business cycle diagram serve as a forecasting model​
    6·1 answer
  • Goods sold to Mahesh Rs 20000 journal entries​
    15·1 answer
  • How can you identify the campaigns and email sends most likely to get results for your business?
    9·1 answer
  • Jordan Sales Company (organized as a corporation on April 1, 2014) has completed the accounting cycle for the second year, ended
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!