What advantages does a foreign trade zone represent for an importer/exporter? Foreign trade zones (FTZ) are designated geographic areas that are mostly close to the United States borders (Port of Entry). In the zones, commercial merchandise, either foreign or domestic, undergoes the same customs charges. In other terms, foreign goods do not experience import duties. From big businesses to a sole proprietor, any size of traders can take advantage of foreign Trade. The following are some of the advantages of foreign trade zones: Exemption from inverted taxes Raw materials in the US have a higher tax rate than finished products. Therefore, it becomes too expensive for imports manufacturer. With FTZ, however, tariffs for manufactured goods are as low as zero, and hence eliminate charges associated with raw materials importation. Limitless storage of items There is no quota restriction on the FTZs. A company can freely have its products stored indefinitely in an FTZ before a port opens. Weekly entry savings As opposed to regular entry filling when cargo enters the country, an importer operating at Foreign Trade Zone files customs…
State and National Resources Resources for Domestic Violence Victims in Massachusetts: Casa Myrna – Boston Casa Myrna is an organization that provides shelter and supportive services to domestic violence survivors in and around Boston, Massachusetts. These services include advocacy, education and training, counseling, children’s services, housing assistance, and domestic violence awareness and prevention. The organization also runs a 24-hour toll-free domestic violence hotline. Address: 451 Blue Hill Avenue, Boston, MA 02121 636 Warren Street, Dorchester, MA 02121 Number: (617) 521-0100 Website: https://www.casamyrna.org/ Network Against Domestic Abuse The Network offers assistance to individuals and families experiencing domestic violence. Services such as advocacy, counseling, support, education, outreach, and a 24-hour hotline are provided by the Network. There are also specialized services for domestic violence in gay and lesbian relationships. The Network further runs a 15-bed emergency safe house for women and children in an undisclosed location. Address: 139 Hazard Ave., Bldg 3-9, Enfield, CT 06082 Number: (860) 763-7430 Website: http://thenetworkct.org/ REACH Beyond Domestic Violence REACH is a nonprofit organization based in Massachusetts that is focused on providing safety and support for victims…
Advanced crisis planning A firm must have a proper crisis management plan to effectively react to a crisis and minimize the extent of the reputational damage caused. Hence, Boeing should not have waited for the crisis to take place for it to act. Before the crisis happened, Boeing ought to have contingencies in place for the eventuality of a crisis, assessed the likely impact of a crisis to its customers, employees, suppliers among other stakeholders as well as to the firm’s value. Advanced crisis planning is the key to a firm’s survival in the event of a crisis. The Airline should have developed a clear crisis management plan to minimize the extent of the reputational damage following the Ethiopian crash. Such a plan would have seen the firm identify a spokesperson to communicate the firm’s position concerning the crisis. Moreover, the firm needed to react immediately the crisis occurred and show unwavering support to the victims and express its commitment to ensuring that all was well at the firm. Effective communication honestly and openly would help the firm to minimize…
Benefits of Infinite Banking Banking has been around for centuries. Most people felt that their money was secure in a bank because they will not be at a place where they can use it anyhow. The banks are also able to give them loans depending on their savings. They are able to pay for the loans over a time that has been set by the bank. Paying the loan bank however becomes a challenge because often the interest is quite high. There is also not easy flow of money when it is in the bank because at times you do cannot get it as soon as you need it. The concept of infinite banking came in to curb all these challenges that come with banking. Man people may not have come across the infinite banking concept but it is there and helping a lot of people with their financial horror stories. Infinite banking entails an individual taking charge of all his finances. Everything that the bank could have done for them, they now take it upon themselves. Infinite is…
Hero’s Journey The hero’s Journey was his widely inclusive representation for the profound internal excursion of change that heroin unfailingly and place appear to share. This way drives them through extraordinary developments of detachment, plummet, trial, and return. He likewise plots the 12 stages of the Hero’s Journey as chronicled in Joseph Campbell’s book The Hero with a Thousand Faces. Joseph Campbell clarifies the start of a normal courageous excursion at The Heroes of the Faces“. “The saint lives into a powerful supernatural occurrence from the ordinary world Story Whether it is a fantasy, novel, a short story, or regardless of whether it is an animation book, the start of each story has some different weight. It must draw in audience, set the pace of the story, propose its heading, and get a great deal of data immediately. (Campbell, 2008). The writer of my lovely CCT book, who is expounding on himself in his diary Hillbilly Elegy, lines up with an original heroes’ Journey in many ways, and I thought I’d share my considerations. J.D. Vance’s life connects to essential…
TOP REASONS TO INVEST IN AGRICULTURE Everywhere around the world, people have started accepting agriculture as one of the best ways to generate wealth. While people have moved away from agriculture to more white-collar jobs, agriculture still has a lot of potentials. Here are some of the main reasons why you should invest in agriculture in 2020. v Creation of Wealth During the past, the wealthiest people were the farmers. However as the advancement of technology and science there a lot of careers which are off high paying as compared to agriculture. Most people have left their rural homes to towns in pursuit of a better life. By doing this, it has lead to hiking of prices of agricultural produce. As an investor, you should take the time to exploit the market gap left by the majority of people abandoning agriculture. Instead, as an investor, you can take some of your money and invest in agriculture. With the increase in demand, of agricultural produce, you can get to enjoy growth in profit margin thus the creation of wealth. v We…
Jeet 11 Fantasy Cricket App: Refer to earn money through your network Jeet 11 is a newly launched fantasy cricket app with an exciting opportunity for you to earn some money through its referral programs. It is an app with similar features to My11Cricket and Dream 11. There are a variety of ways you can make money in the app; one is to refer friends another is to play contests. Referrals can get you unlimited PayTM cash if you are up to the task. Below is a complete outline introducing you to Jeet 11. Get started with Jeet 11: To join the app and start referring, download the app from the app store, and use your friends or family’s referral code. You can register yourself both on Jeet 11 app, sign up so you can get started. Select a language and fill in your details, enter OTP. After joining, you get Rs 20 for a signup bonus, which you can use to join any of the contests. You cannot withdraw your signup bonus; you can earn more money…
Chapter 21 Security Interests and Creditors Rights & Chapter 22 Bankruptcy Like any other field, business requires regulations to guide the conduct of participants. Anarchy creates room for treachery and unprecedented losses. Through the enactment of various laws, both seller and customer have a guarantee of fairness in the transactions. The activities in the previous week’s lesson brought out essential parts of commercial law. The explanations of security, interest, creditors’ rights, and bankruptcy introduced valuable experience for current and future business. The first lesson described the importance of having security in a debit transaction. A secured interest works in favor of the creditor when it comes to debt collection (Picker, 2018, p. 3). Whenever a debtor fails to repay the loan, the creditor can use the security in place of the loan. Moreover, a debtor who gave away security will have a sense of responsibility to repay the loan on time. Picker (2018, p. 3) also adds that security is an ideal way of avoiding legal systems of reclaiming a debt. Getting back a loaned amount without litigation is essential…
Point Affecting the Price of Wrecked Cars The price of a used vehicle in the market is quite like the weather. Like the weather, the amount also depends on certain factors and is never constant. The price of a wrecked car keeps on changing from time to time. Numerous things affect the value of your wrecked vehicle. We’ve listed down the three main, which are likely to have a significant effect on the price of your damaged car. Determining the real price of your wrecked car Any damaged car, even those that have one or more components missing, is worth something or the other. Hence you need to figure out its real value before you proceed with the wrecking process. The selling price of your wrecked car depends on a number of factors. One of the most important things is the current market value for that same vehicle. The amount that you will get for your wrecked car is based loosely off its actual value because it is wrecked. The main factors that play an essential role in determining…
Components Of an Employment Contract An employment contract refers to a document signed by the employer and the employee defining the terms of their relationship. Ultimately, this type of document contains both advantages and disadvantages. Therefore, as an employer, there are several factors you need to put into consideration before getting into a contract with an employee. Employment contract entails the following: A good employment contract should clearly define what an employer can expect from his employee when it comes to performing his or her duties. The agreement should also spell out what an employee should expect from his employer. Besides the tasks to be performed by the employee, an employer can include the following terms in the employment contract: The terms defining how a worker should carry his or her duties. What happens when an employee is unable to carry out his/her duties due to sickness? The benefits an employee can enjoy when he gets disabled in his line of duty and not forgetting life and health insurance. Assignment clauses which define the rights an employee…