$1.$ What are the differences between mediation and arbitration? How do they differ from a proceeding in a court of law $($litigation$)?$

$2.$ Mr$.$ Chang is a household product manufacturer $($Chang$$s soap$)$ based in Guangzhou, China. And Mr$.$ Chang is exporting hand soap set to Mr$.$ Smith $($Smith grocery$),$ a Los Angeles based retailer. This is part of the commercial invoice Mr$.$ Chang provides to Mr$.$ Smith. When Mr$.$ Smith clears custom for the imported products, please calculate the valuation of this import transaction based on:

$-$ The landed cost approach

$-$ The FAS$/$FCA approach

INVOICE: $23632633$

DATE: $10/20/2019$

Sold By: Chang's Soap

Shipped By: Changgang Road No$.166,$ Guangzhou, Guangdong, China

Sold To: Smith grocery

Shipped To: $2700$ Hyperion Ave, Los Angeles, CA $90027,$ USA

Purchase Order: $2563325$