Which of the Following Factors Allowed the Middle Colonies to Participate

question 53

Multiple Choice

Which of the following factors allowed the Middle Colonies to participate in the Triangular Trade?

• A)The production of surplus tobacco
• B)The success of corn and wheat mills
• C)The practice of diversified farming
• D)The production of indigo
• E)The success of cotton-spinning mills

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Definitions:

Collection Period

The average number of days it takes for a business to receive payments owed by its customers, indicating the efficiency of a company's credit and collection policies.

Sales

The total amount of revenue generated by a company from the sale of goods or services before any costs or expenses are deducted.

Accounts Receivable Balance

The entire sum owed by customers to a company for the consumption of goods or services for which payment has not been made.

Cost of Goods Sold

The immediate expenses linked to the creation of products that a company sells.