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Math in high school...if I were to do it all over again, I think I would have put more emphasis on it. We do use math on a daily basis. Duty is calculated using math. If we import a product at a value of $10.00, if the product has a five percent duty rate, then we must multiply the duty rate times the values and that will give us the duty paid. That is a very simple aspect, but we are looking at millions of dollars, so the numbers that we have are very big. We use a lot of very basic math concepts. Often the ones you forget are the basics-- multiplication, a lot of percentages, a lot of division--a lot of basic math concepts, but in very large numbers.
I do write out equations ... trying to find X, the basic algebra where X equals or putting X on one side of the equation, if I'm trying to find a missing value. Maybe I have the duty rate of a product, and I have the duty paid. By dividing the duty paid by the duty rate, I can find the value.
I may want to figure out what the value, the imported value is on a product to see variation. It may be to see variation in the import pricing because import pricing can change over time, and it's important for us to identify if we see fluctuations and changes to ensure that what duty we're claiming is correct. Too much fluctuation isn't good. That shouldn't occur, so our check systems by insuring consistency, assist us in U.S. Customs compliance.
Because if you showed too much variation -- It shows us something may be wrong, Why is the company importing something at several different varied prices? Generally speaking, you have one price for a certain time period. Of course, there are fluctuations in yen [Japanese currency, or money], in different international currencies. But at least if we identify if there is consistency or inconsistencies and then we can find out if there is an answer. If there's an answer, then it's fine.
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