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Bogdan [553]
3 years ago
8

According to the Crash Course video on the Industrial Economy, in which of the following ways did the US Civil War spur rapid in

dustrialization of the country?
A. Forced introduction of a national currency.
B. Provided federal contracts to arms and clothing manufacturers.
C. Improved infrastructure particularly in the form of the transcontinental railroad and telegraph systems.
D. Led to the invention of the Bessemer process of steel production.
E. Introduced flight.
Business
1 answer:
andrey2020 [161]3 years ago
8 0

Answer:

A. Forced introduction of a national currency.

B. Provided federal contracts to arms and clothing manufacturers.

C. Improved infrastructure particularly in the form of the transcontinental railroad and telegraph systems.

Explanation:

The Civil War was a war between the then Northern States who comprised the Union and the then Southern States who comprised ti Confederacy in an attempt to get the Confederacy to rejoin the United States of America.

The war had many casualties but some good was done to the economy in terms of the following;

  • There was a forced introduction of a national currency known as the Greenbacks after Congress passed the Legal Tender Act of 1862.
  • The Federal Government increased spending in the economy by providing federal contracts to arms and clothing manufacturers to aid the troops.
  • Improved infrastructure to enable information get to soldiers faster as well as to move soldiers faster especially in the areas of telegraph development and the construction of the transcontinental railroad.
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At the present time, Water and Power Company (WPC) has 5-year noncallable bonds with a face value of $1,000 that are outstanding
kicyunya [14]

Answer:

6.53%      

Explanation:

For computing the after cost of debt we need to use the RATE formula i.e to be shown in attached spreadsheet. Kindly find it below:

Given that,  

Present value = $1,050.76

Future value or Face value = $1,000  

PMT = 1,000 × 10% = $100

NPER = 5 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying this above formula

1. The pretax cost of debt is 8.70

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 8.70% × ( 1 - 0.25)

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6 0
2 years ago
Harmony Company sells handminusknit scarves. Each scarf sells for $ 45. The company pays $ 70 to rent vending space for one day.
choli [55]

Answer:

2.12, rounded up to 3

Explanation:

To solve the equation, we first need to set up an equation.

Let x represent the number of scarves. We want one side of the equation to be the amount earned and the other to be the cost

45x is how much they earn since each scarf is $45

70+12x is how much they cost for rent and production

45x=70+12x

Subtract 12x from both sides

33x=70

Divide both sides by 33

x=2.12

It says we should round up so 3 scarves to break even

5 0
3 years ago
If a company uses a predetermined rate for absorbing manufacturing overhead, the volume variance is the: Group of answer choices
Mama L [17]

Answer: c. Difference in budgeted costs and actual costs of fixed overhead items.

Explanation:

If a company uses a Predetermined rate for Manufacturing Overhead this means that they have budgeted a certain cost of overhead that they believe will be sufficient for production. This is usually possible for fixed overhead items.

The Variance therefore would be the difference between this budgeted figure and the actual figure for the fixed Overhead items.

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3 years ago
How many days will it take for a sum of $1300 to earn $16 interest if it is deposited in a bank paying simple interest at the ra
Sav [38]
The formula is
I=prt
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P principle 1300
R interest rate 0.04
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T=112.3 days round your answer to get 112 days

Hope it helps!
3 0
3 years ago
Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by?
Marina86 [1]

Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by Multiplying marginal product by product price.

A competitive marketplace is a term in economics that refers to a market in which there are a large quantity of customers and sellers and no single customer or seller can have an effect on the marketplace. competitive markets haven't any limitations to entry, plenty of consumers and sellers, and homogeneous products.

Summary. The version to take a look at supply and call for is known as the competitive market version. within the aggressive marketplace, we assume products are homogeneous, and there may be no supplier or purchaser energy.

A free market is a market that has restrained government involvement. marketplace systems can normally be divided into four types. a wonderfully competitive market is one wherein there are a big number of small firms promoting identical products.

Learn more about the competitive market, here:

brainly.com/question/25717627

#SPJ4

5 0
2 years ago
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