2/22/2023 0 Comments The general patternoWrote off the following accounts as uncollectible (record as one journal entry): Reinstated the account and recorded the cash receipt.ĭec. Received the$8,440 from Kathy Quantel, whose account had been written off on June 8. Wrote off the remaining balance as uncollectible. Received$3,000 as partial payment on the $12,500 account of Rosalie Oakes. Wrote off account of Kathy Quantel, $8,440.Īug. The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31, 2014: He created a monopoly that controlled most of the production and transportation of refined petroleum. He reduced the cost of production by building a huge factory that manufactured equipment for drilling oil. He engineered the purchase of Andrew Carnegie's steelmaking empire, and then merged the oil and steel industries. He encouraged competition in the oil industry so that technology would remain efficient and cost effective. How did he become one of the nation's wealthiest men? Railroads John D Rockefeller started in the oil industry as a business partner in a refinery. Trusts and cartels trusts and cartels Morgan Interstate commerce companies and bond funds Selling stock vertical integration Which business organizations were designed to avoid regulations and act as monopolies? What is a corporation?Ī business that is legally independent from its ownersĪ combination of smaller companies into a larger companyĪ company whose owner is personally responsible for the company's debtĪ partnership that raises money with help from the government a business that is legally independent from its owners Which business practice is described by the following scenario: A steel mill owner buys the mine that produces iron ore, the railroad that transports the iron ore, the factory that makes steelmaking furnaces, and the company that advertises the steel? Railroad owners sold stocks to investors to finance the construction of railroads. Pullman began manufacturing cars for overnight travel.īuilders agreed on a universal width for train tracks. Inventors developed air brakes and more efficient train-car connectors. Which circumstance was most directly responsible for the rapid growth of the railroad industry? Cities like Chicago prospered because they were railroad hubs. The cost of shipping increased because of the expense of building railroads.Ī few large railroad companies eventually split into many smaller companies. More poeple began to settle along the eastern seaboard. Kansas South Dakota What was the result of the rise of the railroad industry?Ĭities like Chicago prospered because they were railroad hubs. German immigrants Japanese immigrants Places in the West where major mines existed in the second half of the 19th century included California, Nevada, Montana and the Black Hills of _. Novels and movies of the 1940s and 1950s accurately portrayed the realities of the old American West.įalse false Which group did NOT settle in large numbers in the West after the Civil War? The government tried to assimilate Indians through education and the Dawes Act the government tried to assimilate Indians through education and the Dawes Act is this statement true or false? The government decided to exterminate the remaining Native Americans in the West The Congress passed legislation forcing Native Americans to adopt mainstream white culture Army began to routinely round up Native Americans and execute them government forced American Indians onto reservations What happened around 1880 when a change in policy toward American Indian nations occurred? There was continual violent conflict as the U.S. government forced American Indians onto reservations. There was conflict-most Native Americans refused to give up their way of life and successfully resisted being forced onto reservations. There was little conflict-most American Indians were content to live protected on reservations in the West. There was some conflict, as a few Indian peoples resisted forced relocation to reservations and fought with U.S. Which statement best describes relations between Native Americans and the U.S.
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