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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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What it a foreign trade zone, and what advantages does it offer U.S. companies?

To determine

Explain the meaning of foreign trade zone and its advantages to the home companies.

Explanation

Foreign Trade Zone:

Foreign trade zone are the areas that are located in a home country, however these are treated like foreign areas for the purpose of levying duties and taxes. Goods which enter this zone are not treated for duty until they are in this zone.

Since, FTZs are treated like areas outside the home country, import duties are not paid for the good...

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