Why might a country require an exporter to acquire a consular invoice in order to clear the customs of an importing country?
What will be an ideal response?
Imports into many countries require a consular invoice, which is a document that must be filled out by the exporter in consultation with the local consulate of the importing country located in the exporting country. A consular invoice provides information to customs officials in the importing country, with the goal of preventing false declarations of the value of the merchandise. Failing to fill out such forms correctly can lead to fines and substantial delays in the clearing of goods through customs.
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In a typical value chain, the firm ________
A) rarely conducts research and development B) performs most upstream value-chain activities abroad, when exporting C) performs marketing activities such as pricing, promotion, and selling D) performs most downstream activities in the home market, when exporting
The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Which of the following ratios would most likely be the most reliable in determining the stock price of a comparable firm?
Use the table for the question(s) below. Name Market Enterprise Enterprise Enterprise Capitalization Value Price/ Value/ Value/ ($ million) ($ million) P/E Book Sales EBITDA Gannet 6350 10,163 7.36 0.73 1.4 5.04 New York Times 2423 3472 18.09 2.64 1.10 7.21 McClatchy 675 3061 9.76 1.68 1.40 5.64 Media General 326 1192 14.89 0.39 1.31 7.65 Lee Enterprises 267 1724 6.55 0.82 1.57 6.65 Average 11.33 1.25 1.35 6.44 Maximum +60% 112% +16% +22% Minimum -40% -69% -18% -19% A) P/E B) Price/Book C) Enterprise Value/Sales D) Enterprise Value/EBITDA