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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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A manufacturing plant located in Mexico that processes imported materials and reexports them to the United States is called a(n)

  1. a. maquiladora.
  2. b. foreign trade zone.
  3. c. joint venture.
  4. d. exchange venture.
  5. e. foreign transaction.

To determine

Identify the option which represents a manufacturing plant which is located in MX that processes imported materials and re-exports them to UNSA.

Explanation

Maquiladora:

Maquiladora is referred as a plant that imports materials and undertake processing. Thereafter, the goods are re-exported to the UNSA. It receives tax benefits and compliance reliefs.

a.

Manufacturing plant which is located in MX that processes imported materials and re-exports them to UNSA is referred as maquiladora. In MX, this plant receives exemptions from MN laws relating to foreign ownership; whereas, UNSA provide exemption from duties when the goods are re-exported. Therefore, this is the correct option.

b...

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