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Katarina [22]
3 years ago
15

Cotton created the antebellum South. The wildly profitable commodity opened a previously closed society to the grandeur, the pro

fit, the exploitation, and the social dimensions of a larger, more connected, global community. How did this profitable commodity effect the institutions of slavery in America?
Business
1 answer:
Amiraneli [1.4K]3 years ago
5 0

Answer:

Slavery in the southern US began to expand in the Virginia Colony with the tobacco plantations in the Chesapeake area. It expanded southwards with time, first to the Carolinas, were slaves were imported to work in Rice Plantations, and, finally the Georgia colony.

However, cotton began to replace tobacco, rice and sugar in the South, because it was more profitable, and suited better the soil and climate of the region. With the cultivation of cotton, slavery became widespread in the US. The majority of slaves were "imported" from the end of the 17th century to the first decades of the 18th century.

Cotton plantations made then, slavery institutions of the antebellum South widespread, strong and entrenched. The economics of the South practically depended on slavery, just like the economics of the Roman Empire a millenium ago.

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The Baldwin Company currently has the following balances on their balance sheet: Total Assets $256,555 Total Liabilities $149,32
algol [13]

Answer: $80,242

Explanation:

Common stock = Assets - Liabilities - Retained earnings

Assets next year = 256,555 + 55,000

= $311,555

Liabilities remain unchanged.

Retained earnings

= Opening retained earnings + Net income - dividends

= 49,793 + 44,200 - 12,000

= $‭81,993‬

Common stock next year;

= 311,555 - 149,320 - 81,993

= $80,242

8 0
3 years ago
A popular, local coffeeshop in one of the suburbs of New York City (NYC) estimates they use 3,500 pounds of coffee annually. The
andre [41]

a) The determination of the optimal size of the order assuming an EOQ model for the local coffee shop is <u>265 pounds</u>.

b) The total cost in the new coffee shop where the demand for coffee increased to 4,000 pounds at an order size of 265 pounds per order (assuming a unit cost of $3 per pound) is <u>$253,500</u>.

<h3>What is the EOQ Model?</h3>

The economic order quantity (EOQ) model calculates the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.

It is determined using the following model:

EOQ = square root of: 2 (ordering costs)(demand rate) / holding costs.

Thus, the EOQ model can be worked out as follows:

  • Determine the demand units.
  • Determine the ordering cost.
  • Determine the holding cost.
  • Multiply the demand by 2.
  • Then multiply the result by the order cost.
  • Divide the result by the holding cost.

<h3>Data and Calculations:</h3>

a) The annual demand for coffee = 3,500 pounds

Holding cost per pound = $10

Ordering cost = $100

EOQ = square root of: 2 ($100 x 3,500) / $10

= 265 pounds

The annual demand for coffee = 4,000 pounds

Holding cost per pound = $60

Ordering cost = $100

EOQ (Order size) = 265 pounds

Assumed unit cost per pound = $3

The total cost in the new coffee shop = $

Annual holding cost = $240,000 ($60 x 4,000)

Annual ordering cost = $1,500 ($100 x 4,000/265)

Annual purchase cost = $12,000 (4,000 x $3)

Total costs = $253,500

Learn more about the economic order quantity at brainly.com/question/14625177

6 0
2 years ago
If you had to plan an event or party soon, what would be some suggested themes you would have for a party within the next few mo
Pani-rosa [81]

Answer:

Explanation:

I would do a game party. There would be bored games, such as twister monopoly, and if it is hot, I would do a game called wet head. for the decorations, I would make the house filled with balloons, and then I would do chips and salsa, cake, icecream, and pizza.

6 0
3 years ago
Read 2 more answers
A student organization is developing promotions for its clothing fundraiser. Email blasts across campus will be part of the camp
Masja [62]

Answer: Logistic regression

Explanation:

The type of model that the student group can utilize to analyze which features are important for explaining whether someone opens a promotional email is the logistic regression.

Logistic regression is the regression analysis that's used to conduct in a case whereby the dependent variable is binary.

With regards to the question, the logistic regression can provide the best model which will be used to forecast the most important features for the opening of the promotional e-mail.

8 0
2 years ago
The following budget data pertain to the Machining Department of Yolkenverst Co.: Maximum capacity 62,000 units Machine hours pe
Marysya12 [62]

Answer:

Yolkenverst Co.

Machining Department

For the current year the department has a fixed overhead production volume variance, rounded to the nearest whole dollar, of:

= $7,148.

Explanation:

a) Data and Calculations:

Maximum capacity 62,000 units

Machine hours per unit 2.50

Variable factory overhead $ 4.20 per machine hour

Fixed factory overhead $ 432,500

Planned capacity units to be produced = 50,840 units (62,000 * 82%)

Actual capacity units produced = 50,000 units

Production volume variance = 840 units (50,840 - 50,000)

Fixed factory overhead rate of maximum capacity = $6.96 ($432,500/62,000)

Standard fixed overhead rate based on planned capacity = $8.51 ($432,500/50,840)

Fixed overhead production volume variance = production volume variance * standard fixed overhead rate based on planned capacity

= 840 * $8.51

= $7,148.4

= $7,148

7 0
2 years ago
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