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ABC Music Co. Inc., imports professional musical instruments from England on commercial Invoice #ACB123. The value of the equipment is US$ 147165.75: Exchange rate is 1.28951, the duty rate is 8.5%, and regular GST. The imported instruments are not for sale, it was imported for testing and demonstration ONLY. The musical will remain in Canada for 6 months after which it will be exported out of Canada. Calculate how much Duty and GST does ABC Co. owes to CBSA for this shipment. Show all calculation for full marks
Show the decreasing desire to buy U.S. government bonds. Show and label what happens to bond prices and quantity of bonds sold on the graph.
What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college?
A store in New York, has offered rebates of $2 off the regular $100 price on their microwaves. The firm has observed a positive sales increase of 8% over the previous month’s sales. What is the point price elasticity of demand for jeans? If marginal ..
Identify and briefly explain in your own words three specific macroeconomic topics or ideas that you found to be the most important and/or most interesting. Be specific, and explain.
A) Does Julee have any market power? How can you tell? B) What is Julee's profit-maximising quantity?
Smith cannot tell the difference between rice and wheat and spends all her food budget of $24/wk on these foodstuffs. If rice costs $3/lb, draw Smith's price- c
What is "creative destruction" and what would be a recent example of it? What is Schumpeter's view of the role of the entrepreneur in the economy? What is the difference between Christensen's "sustaining technologies" and "disruptive technologies" in..
If marginal cost is below average variable cost:
An alternative way to address some of the consumption externalities of opioids is to make harm-reduction products more accessible. For example
Rosewood Industries has EBIT of $450 million and permanent debt of $2 billion. At that level of debt, the interest rate on the loan is 8.75%.
What is the required endowment if the university will earn 6% interest on the funds?
A Rand Corporation study of cocaine estimated the price elasticity of demand for this illegal drug. Given the price elasticity of demand estimate provided in this report, is the demand for cocaine considered to be elastic, inelastic or unit elastic?
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