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matrenka [14]
3 years ago
6

__________This import tax was meant to replace the earlier "Tariff of Abominations", but it was widely disliked by southern merc

hants. South Carolina event talked about having the right to ignore Federal law, starting what would become known as the "Nullification Crisis."
Business
1 answer:
mrs_skeptik [129]3 years ago
7 0

Answer:

Tariff of 1832

Explanation:

The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.

Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.

The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.

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the balance in the prepaid rent account before adjustment at the end of the year is $32,000, which represents four months' rent
timama [110]

Debit Rent Expense is $8,000 whereas the credit Prepaid Rent is $8,000 of the above given accounting equation .

What is Deferred revenue ?

Money received for goods or services but not yet earned is referred to in accrual accounting as deferred income (also known as deferred revenue, unearned revenue, or unearned income). The revenue recognition principle states that it is recorded as a liability up to the time of delivery, at which point it is changed to revenue.

For instance, a business might get an annual software license payment on January 1 from a client who paid it in full. The business' fiscal year, nevertheless, concludes on May 31. Therefore, the business adopting accrual accounting only includes the fee in its revenues for the fiscal year it received the money, or five months' worth (5/12), of the fee. On the balance sheet for that year, the remaining amount is added to deferred income (liability).

To learn more about Revenue checkout the link below :

brainly.com/question/16232387

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5 0
2 years ago
What software is essential for any company doing business on the Web to constantly monitor the activity on a company's network s
storchak [24]

Answer:

The correct answer is: Intrusion detection software.

Explanation:

Intrusion Detection Software or IDS are vital for companies moreover for entities with web-based operations. IDS are specially programmed to detect different types of attacks in the attempt of breaking into the firm's security system and data. There are four (4) types of IDS: <em>Network intrusion detection system (NIDS), Host-based intrusion detection system (HIDS), Perimeter Intrusion Detection System (PIDS), </em>and<em> VM based Intrusion Detection System (VMIDS).</em>

6 0
3 years ago
Which of the following decreases in labor demand is due to a change in product demand? rev: 06_21_2018 Multiple Choice An increa
pochemuha

Answer:

The widespread availability of news on the web reduces the demand for newspaper workers.

Explanation:

Factors that can shift the demand curve for labor include: a change in the quantity demanded of the product that the labor produces; a change in the production process that uses more or less labor; and a change in government policy that affects the quantity of labor that firms wish to hire at a given wage.

Just as in any market, the price of labor, the wage rate, is determined by the intersection of supply and demand. When the supply of labor increases the equilibrium price falls, and when the demand for labor increases the equilibrium price rises.

8 0
4 years ago
Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $20,000 of tax).
Brut [27]

a. If Song earns only $75,000 in taxable income, the government's tax revenues will be $18,750 ($75,000 x 25%) and <u>a. Government's tax revenues would decrease by $1,250.</u>

b. The term that describes this type of reaction to a tax rate increase is <u>d. Income effect.</u>

c. The taxpayers that will likely respond in this manner are <u>b. Taxpayers with more disposable income.</u>

<h3>Data and Calculations:</h3>

Song's taxable income per year = $100,000

Average tax rate = 20%

Tax liability per year = $20,000 ($100,000 x 20%)

<h3>New Tax Regime:</h3>

Tax rate = 25%

New taxable income of Song = $75,000

Tax liability = $18,750 ($75,000 x 25%)

Thus, if the tax rate is increased from 20% to 25% forcing Song to reduce his taxable income to $75,000,  <u>a. Government's tax revenues would decrease by $1,250.</u>

<u />

Learn more about taxable income at brainly.com/question/10137785

5 0
2 years ago
BoundStar and ClipKlik are two of the biggest companies in the smartphone industry. When BoundStar launched a new ultra-slim sma
LekaFEV [45]

Answer:

The corret answer is :  A) a response strategy

Explanation:

It refers to a type of marketing strategy that takes immediate action and opts into the advertiser's offer. It also compels a high-quality prospect to do it.  This one targets a niche audience and uses compelling messaging to get an immediate response in possible clients

7 0
3 years ago
Read 2 more answers
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