Hernán Cortés Was Aided in His Conquest of the Aztec

question 6

Multiple Choice

Hernán Cortés was aided in his conquest of the Aztec empire by all of the following EXCEPT:

• A)people subjugated by the Aztecs who wanted to rebel.
• B)a consort who was indigenous and spoke the common language of the empire.
• C)the European rifles he had brought with him.
• D)European bacteria.
• E)the tactical planning of his native allies.

Recognize the accounting treatment for sales returns, allowances, and discounts.

Comprehend the significance and calculation of gross profit in merchandising operations.

Differentiate between operating and nonoperating activities for a merchandising company.

Identify the characteristics and differences in the accounting cycle for merchandising and service companies.

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Demand Schedule

A table that shows the quantity of a good that consumers are willing and able to purchase at various prices.

Total Utility

The overall satisfaction or value a consumer derives from consuming a certain amount or quantity of goods and services.

Marginal Benefit

The maximum price a consumer will be willing to pay for an additional unit of a product. It is the dollar value of the consumer’s marginal utility from the additional unit, and therefore it falls as consumption increases.