me asked:

I returned home from a trip to various countries in Latin America recently including Ecuador, Peru, Bolivia, Brazil, Honduras and Argentina. I came back with over a hundred pounds in currency from these countries but when I tried to change them back into sterling at travel bureau’s here in the UK they say they can’t because the currency is volatile or something along those lines..anyone know where I can change them here in the UK??

ceec asked:

Tanya imports sweaters from Peru and sells them from her home. She collects $400,000 in revenue a year, and spends $200,000 on the sweaters and shipping costs, as well as $25,000 on accounting services and utilities. She used to make $100,000 per year working for an advertising agency. Now she works out of the basement of her house, for which she doesn’t have any other marketable use. She has no other expenses.

What’s the economic profit??
ep = total revenue – total cost right??
$400,000 – $225,000
economic profit = $175,000???

Mr. V asked:

So i’m starting a tshirt business, and want to import blank t-shirts from Peru… first I’ll start with a dozen, then a crate..etc…
BUT at the same time I want to export electronics (car accessories and home audio) to another country in South America.
Do i need to get a import/export license? if so how do i?
in New Jersey. thanks.

oh and what if I want to export junked and salvage cars?

MOFAREH A asked:

Tanya imports sweaters from Peru and sells them from her home. She collects $400,000 in revenue a year, and spends $200,000 on the sweaters and shipping costs, as well as $25,000 on accounting services and utilities. She used to make $100,000 per year working for an advertising agency. Now she works out of the basement of her house, for which she doesn’t have any other marketable use. She has no other expenses.

2.1. Tanya’s accounting profit is:

A. -$25,000

B. $200,000

C. $75,000

D. $175,000