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Marina CMI [18]
3 years ago
14

When Congress passed a tariff in 1828, South Carolina tried to nullify it toa. To increase the price of exported and imported go

ods b. To assert the power of the state governments over the national government and to indicate that a state should have the ultimate authority over its citizens c. To indicate that a state should have the ultimate authority over its citizens d. To protect slavery e. To assert the power of the state governments over the national government
Business
1 answer:
nalin [4]3 years ago
5 0

To assert the power of the state governments over the national government and to indicate that a state should have the ultimate authority over its citizens

Answer: Option B.

<u>Explanation:</u>

In November 1832, the Nullification Convention met. The show announced the taxes of 1828 and 1832 unlawful and unenforceable inside the province of South Carolina after February 1, 1833. It was declared that endeavors to utilize power to gather the duties would prompt the state's withdrawal.

Calhoun, who restricted the government inconvenience of the duties of 1828 and 1832 and contended that the U.S. Constitution gave states the option to obstruct the authorization of a government law. In November 1832 South Carolina received the Ordinance of Nullification, pronouncing the duties invalid, void, and nonbinding in the state.

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Top management of Drexel-Hall is considering closing Store 3. The three stores are close enough together that management estimat
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Answer:

Compute the increase or decrease that closing Store 3 should cause in: a. Total monthly sales for Drexel-Hall stores.

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b. The monthly responsibility margin of Stores 1 and 2.

  • store 1 responsibility margin increased from 10% to 12.55% (2.55% increase)
  • store 2 responsibility margin increased from 9% to 13.69% (4.69% increase)

c. The company’s monthly income from operations.

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Explanation:

                                                Store                 Store                Total                                          

                                                   1                         2

Sales                                         $660,000          $720,000     $1,380,000

Variable costs                          $409,200          $453,600        $862,800

Contribution margin                $250,800          $266,400         $517,200

Controllable fixed costs           $120,000          $102,000        $222,000

Performance margin                $130,800           $164,600        $292,200

Committed fixed costs              $48,000            $66,000         $114,000

Store responsibility margin      $82,800             $98,600        $178,200

Common fixed costs                                                                    $38,000

Income from operations                                                             $140,200

4 0
3 years ago
The owner of a bicycle repair shop forecasts revenues of $212,000 a year. Variable costs will be $63,000, and rental costs for t
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Answer:

Sales Revenue            212,000

Variable Cost               (63,000)

Rent Expense               (43,000)

Depreciation Expense (23,000)

Income before taxes     83,000

Income tax expense <u>    (16,600)   </u>

Net Income                    84,800

Cash from operating activities 107,800

tax-shield from depreciation 4,600

Explanation:

Cash flow from operations (indirect method)

net income 84,800 + depreciation expense = 107,800

The depreciation provides a tax shield as they are an accounting concept. The depreciation expense did not involve the outflow of cash but, it is a taxable deduction therefore generates a tax-shield.

23,000 x 20% = 4,600

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