please answer within 30 in details. Exquisite Décor, LLC, a seller of decorative housewares based in New York, imports and sellstapestries from a designer in Turkey. Each shipmentof tapestries is sold for the price of $10,000. Thetapestries are produced in Ankara and thentransported by train to Istanbul for delivery to theU.S. by ship at a total cost of $800 per shipment.Once delivered to the Port of New York, thetapestries are delivered by truck to Exquisite'swarehouse in Buffalo at a cost of $100 pershipment. The invoice also lists a copyright licensingfee of $500, insurance of $200, packing costs of$500, and a commission of $1,500 paid toExquisite's buying agent. Exquisite is expectingdelivery of one shipment. The invoice separately listseach of the above charges. What is the dutiablevalue of this shipment of tapestries to be reported atthe time of entry?A. $13,700.B. $13,600.C. $11,000.D. $12,500What is included in the calculation?

Here discuss about the dutiable value which are involved in the shipment which includes commission…

Exquisite Décor, LLC, a seller of decorative house wares based in New York, imports and sells tapestries from a designer in Turkey. Each shipment of tapestries is sold for the price of $10,000. The tapestries are produced in Ankara and then transported by train to Istanbul for delivery to the |US by shin at a total cost of $800 per shinment

Exquisite Décor, LLC, a seller of decorative house wares based in New York, imports and sells tapestries from a designer in Turkey. Each shipment of tapestries is sold for the price of $10,000. The tapestries are produced in Ankara and then transported by train to Istanbul for delivery to the |US by shin at a total cost of $800 per shinment

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter13: Emerging Topics In Managerial Accounting

Section: Chapter Questions

Problem 48E

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Wheels, Inc. manufactures bicycles sold through retail bicycle shops in the southeastern United States. The company has two salespeople that do more than just sell the products—they manage relationships with the bicycle shops to enable them to better meet consumers’ needs. The company’s sales reps visit the shops several times per year, often for hours at a time. The owner of Wheels is considering expanding to the rest of the country and would like to have distribution through 1,000 bicycle shops. To do so, however, the company would have to hire more salespeople. Each salesperson earns $40,000 plus 2 percent commission on all sales annually. Another alternative is to use the services of sales agents instead of its own sales force. Sales agents would be paid 5 percent of sales. At what level of sales would it be more cost efficient for Wheels to use to sales agents compared with its own sales force? To determine this, consider the fixed and variable costs for each alternative. What are…
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Wheels, Inc. is a manufacturer of bicycles sold through retail bicycle shops in the southeastern United States. The company has two salespeople that do more than just sell the products—they manage relationships with the bicycle shops to enable them to better meet consumers’ needs. The company’s sales reps visit the shops several times per year, often for hours at a time. The owner of Wheels is considering expanding to the rest of the country and would like to have distribution through 1,000 bicycle shops. To do so, however, the company would have to hire more salespeople. Each salesperson earns $40,000 plus 2 percent commission on all sales. Another alternative is to use the services of sales agents instead of its own sales force. Sales agents would be paid 5 percent of sales. Refer to Appendix 2 to answer this question. Determine the number of salespeople Wheels needs if it has 1,000 bicycle shop accounts that need to be called on four times per year. Each sales call lasts…