What Was the "Royal Fifth

question 17

Multiple Choice

What was the "royal fifth"?

• A) a ceremony to worship the king
• B) the name of the royal fleet that crossed the Atlantic
• C) a 20% tax on mining, and the prime source of colonial revenue
• D) the name of the viceroyalty established in the New World by the Spaniards

---

Definitions:

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity that it uses to finance its overall operations.

Current Assets

Current Assets are all assets of a company that are expected to be sold, used, or consumed within one year in the normal course of business.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used for managing liquidity and ensuring a company can meet its short-term obligations.

Budgeted Monthly Sales

An estimation of the sales revenue that a business expects to achieve in a particular month.