Which Was Not a Part of the Treaty of Paris

question 41

Multiple Choice

Which was not a part of the Treaty of Paris?

• A) The Mississippi River became the dividing line between England and Spain.
• B) France lost its holdings in North America.
• C) Spain received Louisiana from France.
• D) The western interior of North America went to the English.
• E) England was required to accept only partial territorial control of Canada and Florida from France.

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Definitions:

Markup

The amount added to the cost of merchandise to arrive at the selling price, usually expressed as a percentage of the cost.

Selling Price

The amount of money a buyer pays to acquire a product or service from a seller.

Absorption Costing

An accounting method that includes all production costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.

Markup Percentage

The percentage added to the cost of goods to cover overhead and profit, calculated as markup divided by the cost of the goods.