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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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Over the last week, you had 50 customers who bought a total of 40 hotdogs at $2.00, 10 grilled cheeses at $4.00, and 5 cheesebur
kobusy [5.1K]

$3.20

Take the total sales divided by total customers.

Sales of hotdogs 40* $2 = $80

of grilled cheese 10* $5 = $50

of cheeseburgers 5 * $6 = $30

Total sales $160/50 customer = $3.20/per customer

4 0
3 years ago
You are considering the purchase of a common stock that paid a dividend of $2.00 yesterday. You expect this stock to have a grow
Blababa [14]

Answer:

D) $62.57

Explanation:

One should be willing to pay the intrinsic value or fair price, computed using the present value of dividends

Intrinsic value or fair Price = 2.3/1.14 + 2.645/1.14^2 + 3.04/1.14^3 + (3.04*(1+10%)/(14%-10%))/1.14^3

                                           = $62.57

Therefore, You should be willing to pay $62.57 for this stock.

3 0
3 years ago
Sunland Company is considering two capital investment proposals. Estimates regarding each project are provided below. Project So
san4es73 [151]

Answer:

a. 4 years and 4.22 years

b.  -$31,350 and $27,615

c. Project Nuts

Explanation:

a. The formula to compute the payback period is shown below:

= Initial investment ÷ Net cash flow

For project soup, it would be

= $600,000 ÷ $150,000

= 4 years

For project nuts, it would be

= $900,000 ÷ $213,000

= 4.22 years

b. The computation of the Net present value is shown below

= Present value of all yearly cash inflows after applying discount factor - initial investment

For project soup, it would be

= $568,650 - $600,000

= -$31,350

The present value is computed below:

= Annual cash flow × pvifa for 5 years at 10%

= $150,000 × 3.791

= $568,650

For project nuts, it would be

= $927,615 - $900,000

= $27,615

The present value is computed below:

= Annual cash flow × pvifa for 6 years at 10%

= $213,000 × 4.355

= $927,615

Kindly refer pvifa table

c. The project Nuts should be accepted as it has positive net present value.

7 0
3 years ago
A personal selling approach that involves helping customers reach their strategic goals by using the products, services and expe
jolli1 [7]

Answer:

correct answer is Consultative Selling

Explanation:

personal selling approach is Consultative Selling  

we know it is that sales approach where priority relationship and open dialogue to the identify and provide them customer need and a solution

and that is focused on the customer rather than products sold and it help for a salesperson for the understanding challenge which is faced by the customer  

so correct answer is Consultative Selling

8 0
4 years ago
On January 1, Year 1, St. Clair Corporation issues 7%, 11-year bonds with a face amount of $90,000 for $83,497. The market inter
fredd [130]

Answer:

The journal entry for the issuance of the bond is shown below:

Explanation:

The entry will be recorded on January 1

Cash A/c..............................................Dr     $83,497

Discount on bonds payable A/c......Dr   $6,503

           Bonds Payable A/c............................Cr   $90,000

On issuing the bond, cash is increasing, any increase in cash is debited. Therefore, the cash account is debited. The discount on bonds payable is debited. And the bonds payable account is credited.

Working Note:

Discount on bonds payable = Bonds payable - Cash

= $90,000 - $83,497

= $6,503

6 0
3 years ago
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