A US Company Located in a Foreign Trade Zone Imported $1,500,000

question 29

Short Answer

A U.S. company located in a foreign trade zone imported $1,500,000 worth of goods. The duty rate on the goods is 7%. If 20% of the goods were moved into U.S. Customs territory for sale and 80% were exported for sale, compute how much the company saved by being located in a foreign trade zone.​

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Definitions:

Bibliography

List of the secondary sources consulted in the preparation of a report.

Proposal

A formal suggestion or plan, often detailed, submitted for consideration or discussion by others, especially in a professional or business context.

Delivering In Person

The act of physically presenting or handing over something to someone else, rather than using electronic means or postal services.

Computer Viruses

Malicious software programs designed to infect computers, replicate themselves, and cause harm to the system or data.