The sugar trade was driven by land and climate, consumer demand, and the economy. Land and climate was a major factor in driving the sugar trade. Included in Document 1 is a Colonial Map of the Caribbean. The map presents that most Caribbean land are colonized by the British, French, and Spanish. Referring the map to Document 2, explains that an ideal climate average for the growth of cane sugar is sixty-eight degrees Fahrenheit to ninety degrees Fahrenheit which slaves are forcefully working and growing sugar out in the heat.
Acct Unit 1 Homework Assignment 06/12/15 Question 1: Brady Brothers, a partnership, has total assets of $350,000 and $100,000 of owners’ equity. What are the partnership’s total liabilities? $350,000 – Liabilities = $100,000 $350,000 - $100,000 = $100,000 - $100,000 Answer: $250,000 = Liabilities Question 2: During the first month of operation, Brady Brothers made sales to customers totaling $12,000 but received only $6,000 from customers in cash. Brady Brothers incurred $8,000 for operating expense but only paid $5,000 in cash for those expenses. What was Brady Brothers cash basis income?
The increase in manufacturing almost destroyed the agriculture of Puerto Rico. The government bought the fields from the owners but there are only two refineries in use. The production of sugar cane dropped from 1.4 million tons to 74 thousand. Tobacco and coffee also suffered and they could no longer export them but only supplied to a local
What was once just a mere stopping point for the Spanish fleet had now become the major sugar producer in the world during this time. The United States, “having lost access to British
Those who did survive now found themselves unemployed and possibly homeless. The nation’s economy relied on agriculture and certain industries, these two factors employed two-thirds of the labour force. As it was destroyed, the unemployment rate sky-rocketed. Grants and donations were sent to Haiti. The U.N. generated 2 million dollar to fund textile manufacturing as well as 130 million dollars invested in exports.
With the seed and fertilizer, Fiona harvested 135 bushels of wheat. The land is a fixed asset of 50 bushels of wheat, the plow is worth 2 bushels after the first year of use, and the oxen is worth 36 bushels (40/10=4 bushels a year). The oxen will depreciate 4 bushels each year. The retained earnings after the Baron’s Investment is 223 bushels of wheat harvested. With a retained earnings from the wheat of 122 bushels Ivan – the Farmer Ivan received from Baron Von-Shrek the following: 20 (5 bushels per acre) acres to farm, 20 bushels of wheat and 2 bushels of fertilizer – Ivan also received oxen, worth 40 bushels over 10 years – with a depreciation of 4 bushels per year.
By the dawn of the nineteenth century, however, the conditions for an unprecedented cotton boom had emerged: rapidly rising demand from British textile industry, following innovations in spinning, weaving, and steam power technologies; improvements in ginning technology which facilitated the easy separation of the fibers from the seeds; the availability of inexpensive land with soil and climate conducive to the growth of cotton; and strong legal and political institutions securing the maintenance of an enslaved labor force. By 1801, the annual production of cotton had increased to 48 million pounds, in 1860, it stood at a phenomenal 1,650 million pounds. As early as the 1830s the United States produced more cotton than all other countries combined, and the value of cotton exports exceeded the value of all other American exports put
Merchandise has traveled from manufacturers to store who attempt to sell the items to customers (retailindustry.about.com, n.d.) Retailers are woven into the fabric of nations’ economy. They include department (Sears), discount (Walmart), specialty (GAP), and big box stores (Best Buy). The industry was the second largest employer in 2010 accounting for 12.1 % of all private sector jobs. There economic contribution including direct, indirect, and induced totaled 28.6 million jobs and $1.9 trillion of the gross domestic product (GDP) (rila.org,
The company shows annual revenues of approximately $4.5 billion and about 25,000 employees operating in more than 70 countries. The banana market, worth about $5 billion a year in 2001, is the most important global fruit export. The majority of the 14 million tons of bananas exported every year come from Latin America. Chiquita's subsidiary in Colombia was Banadex. Chiquita’s history in Colombia is more than a century old & became the most profitable business of Chiquita in the world.
Henry Ford instituted a forty-hour workweek, with the minimum salary being five dollars per day. All of the 26,000 workers in the factory were guaranteed the right to earn this payment. Many other companies and manufacturing plants adopted similar policies, which gave hundreds of thousands of people an opportunity to increase their quality of life. To this day, the forty-hour workweek that Ford set is still in place in most of the United States’ industries. With low prices from the massive jump in factory efficiency, a middle class citizen could now purchase the latest and greatest piece of technology in decades.