The Protestants Who Established the New England Colonies​

question 87

Multiple Choice

The Protestants who established the New England colonies​

• A)were motivated by profit.
• B)were primarily motivated by a desire to convert natives to Christianity.
• C)were tolerant of all religious denominations, so long as they practiced Christianity.
• D)wanted to establish tobacco plantations to compete with planters in Virginia.
• E)None of these are correct.

---

Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders.

Operating Income

The profit realized from a business's operations after deducting operating expenses from gross profit.

Dividends

Financial distributions to a corporation's shareholders, usually coming from the business's earnings.

Quantity Variance

A variance that is computed by taking the difference between the actual quantity of the input used and the amount of the input that should have been used for the actual level of output and multiplying the result by the standard price of the input.