Suppose a citizen of the United States travels to Brazil for plastic surgery and then returns to the United States after they recover from the procedure. This would be considered an example of an export of a service from Brazil to the United States. b. an import of a good to the United States from Brazil. an import of a service to Brazil from the United States. d. domestic trade. a. с.
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- If an American purchases a ticket from Scandinavian Airlines, paying by a personal check, which of the following entries would be the result? Group of answer choices a. a credit in Norway's service account b. a debit in Norway's service account c. a credit in the U.S. unilateral transfers account d. a debit in the U.S. unilateral transfers accountAn alternative to using a letter of credit is export credit insurance. What are the advantages and disadvantages of using export credit insurance rather than a letter of credit for exporting a luxury yacht from California to Canada and machine tools from New York to Ukraine? Explain your answer fully and cite sources.. _______ Purchasing products or materials in other nationsand bringing them into one’s own country isa. trading.b. balancing.c. exporting.d. importing.e. dumping.
- Broom Inc., a US corporation, buys brooms from Mop Inc., an unrelated company, that are manufactured in the US and sells the brooms to customers located in Moldova. Title passes in Moldova. The income from the sale is foreign source income. True FalseIdentify a product that would be interested in importing and selling here in the U.S. What is the pros and cons of using any two methods of payment to settle the transaction with the overseas supplier of the product Importing and selling here in U.S.?Which of the following would NOT participate in the foreign exchange market? Canadian parents purchasing children's toys that were manufactured in China. American tourists visiting Turkey U.S. Based firms trading cars that were manufactured in Canada, China, South Korea, and Germany for sale in the United States. Mexican investors buying part-ownership of a French company.
- Using Saudi Arabia as an example. Do you believe that cultural similarities among people can out weight cultural differences that exist in terms of doing business together in the future?you are an employee of a Malaysian firm that produces laptops in Peru and then exports them to Malaysia and other countries for sale. The laptops were originally produced in Peru to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at the time were Malta and Iraq. The Malaysian government decides to impose punitive 100 percent tariffs on imports of cars from Peru to punish the country for administrative trade barriers that restrict Malaysian exports to peru. How should your firm respond?Determine whether the sourcing of income for the following transactions is U.S. or foreign. a. Suarez, an NRA, sells stock in Home Depot, a U.S. corporation, through a broker in San Antonio. b. Chris sells stock in IBM, a U.S. corporation, to her brother, Rich. Both Chris and Rich are NRAs, and the sale takes place outside the United States. c. Crows, Inc., sells inventory produced in the United States to customers in Europe. Title passes in the international waters of the Atlantic Ocean. d. Doubles, Inc., a U.S. corporation, manufactures equipment in Malaysia and sells the equipment to customers in the United States.
- ABC Inc. produces home appliances and sells them in the U.S. It outsources the production of the appliances to a Vietnamese manufacturer, and the imported appliances are priced in dollars. Its major competitor for appliances is located in China. Based on this information, ABC Inc. is subject to ____ exposure. A. economic B. translation C. economic and transaction D. transactionAccording to the regulation of privileges andimmunities between states, a citizen of Texas who buys aproduct while visiting a store in Californiaa. pays the Texas sales tax.b. pays the California sales tax.c. pays both the California and the Texas sales tax.d. can choose whether he or she wants to pay theCalifornia or Texas sales tax.e. pays the California sales tax, but can ask to bereimbursed when returning to Texas.The law that specifically prohibits payments to foreign officials in order to attain business is known as ____________________________. FCPA AICPA SOX IFRS