How Did West Africans Use Religion to Gain Access to Trade

question 48

Essay

How did West Africans use religion to gain access to trade networks in Europe and Asia? What consequences did this have?

Identify the advantages of computerized accounting systems over manual systems.

Recognize the appropriate journals for recording various types of transactions.

Describe and analyze e-commerce.

Understand the process of recording transactions in ledgers and subsidiary ledgers.

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Definitions:

Break-even Sales

The amount of revenue required to cover all fixed and variable expenses associated with producing and selling a product.

Dollars

A unit of currency used in various countries, including the United States, associated with financial transactions, savings, and debts.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit, but before deducting interest and taxes.

Operating Income

The income earned from a firm's core business operations, excluding deductions of interest and taxes.