Refer to Map 17

question 46

Essay

Refer to Map 17.1 and describe the Spanish and Portuguese objectives in ruling their lands in the Americas. What governing systems did they employ? Did they want to integrate the peoples of the Americas into their cultures?

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Definitions:

Receivables Balance

The total amount of money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Maker

In finance, the party that creates or issues a promissory note.

Petty Cash Fund

A small amount of cash kept on hand for minor or incidental expenses.

Cash Over and Short

An account used in cash management to record discrepancies between actual cash received and expected amounts, indicating either excess cash or a shortage.