To calculate revenue average, you may add up all the salaries in your chosen crew and divide by using the humans in that group.
How can 4 personnel calculate the average of their salaries barring understanding other's salary?Write the four random numbers in four portions of paper, put the paper into a jar. People draw the paper, substract her own revenue with the random number, post the answers. Then they collectively can add the answers together and add again (m+n+l+k). This will supply them the sum of their salaries and so the average.
You can calculate the average base, imply salary, or average revenue by using adding all the salaries for a pick crew of personnel and then dividing the sum by the variety of employees in the group.
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https://brainly.com/question/1492151#SPJ4To calculate revenue average, you may add up all the salaries in your chosen crew and divide by using the humans in that group.
How can 4 personnel calculate the average of their salaries barring understanding other's salary?Write the four random numbers in four portions of paper, put the paper into a jar. People draw the paper, substract her own revenue with the random number, post the answers. Then they collectively can add the answers together and add again (m+n+l+k). This will supply them the sum of their salaries and so the average.
You can calculate the average base, imply salary, or average revenue by using adding all the salaries for a pick crew of personnel and then dividing the sum by the variety of employees in the group.
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brainly.com/question/1492151#SPJ4which of these reflects an important strategic planning responsibility for corporate headquarters? group of answer choices managing business unit product research resolving resource conflicts within product categories allocating resources to the various business units directing product advertising overseeing product launches
The "allocating resources to the various business units" reflects an important strategic planning responsibility for corporate headquarters.
The strategic planning is the process in which the company's leader try to achieve their target goal by the strategic planning.
In the business, the strategic planning to perform in which the organization's products or services to execute or release in the marketplace or sell to directly to the consumer like B2B and B2C.
The types of strategic planning is SWOT analysis, PEST model, Porter's five forces and the Blue Ocean Strategy.
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consider a standard mortgage (360 months) with monthly payments and a nominal rate (monthly compounding) of 5.30%. what portion of the payments during the first 33 months goes toward interest?
Think about a typical mortgage (360 months), where the payments are made monthly, and the nominal rate (monthly compounding) is 5.10%. The amount of the first 28 months' payments that goes toward principle is 23.02%.
How long do typical mortgage loans last?A typical mortgage might range in length from 10 years to 30 years. Ten or fifteen-year mortgages with short periods are referred to as short-term mortgages. Long-term loans typically have a 30-year tenure.
Which conventional mortgage authenticity?The Standard Mortgage Corporation provides options for refinancing and is licensed to do business in more than 10 US states. It operates the Basic Mortgage Insurance Agency, that offers a variety of options for both personal and commercial insurance protection. established in 1925.
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cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $330,000; cash paid for rent, $38,000; cash paid to employees for services rendered during the year, $118,000; cash paid for utilities, $48,000. in addition, you determine that customers owed the company $58,000 at the end of the year, and no bad debts were anticipated. also, the company owed the gas and electric company $1,800 at year-end, and the rent payment was for a two-year period. calculate accrual net income for the year.
Deducted cost is $338,200. We must modify the cash flows to reflect the accruals and deferrals in the accounting records in order to determine the accrual net income for the year.
Due to the fact that the rent payment and staff expenses were already taken into account in the cash flows and did not need to be adjusted, this indicates the accrual net income for the year.
The movement of money in and out of a business is referred to as cash flow, and it reflects the ability of the organization to earn cash from operations, invest in assets, and fulfill its financial commitments. Cash flow is crucial.
We'll start by adding the accounts receivable (AR) to the money received from clients:
$330,000 + $58,000 = $388,000
Next, we will deduct the cash paid for utilities from the accounts payable (AP):
$388,000 - $48,000 - $1,800 = $338,200
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The law of increasing opportunity cost says that:
a. opportunity costs of production always tend to increase.
b. increases in wages cause increases in the opportunity costs of production.
c. as output increases for either one of the goods on a production possibilities curve, the opportunity cost of additional units of that good will be greater and greater.
d. along a production possibilities curve, as output increases in the production of one good, the opportunity costs of additional units of the other good will be less and less.
According to the law of opportunity cost, the opportunity cost of purchasing additional units of any of the goods on PPC will increase as that good's output rises.
Making decisions entails comparing the cost and benefit analysis with alternative courses of action, which is known as the opportunity cost of an item. Opportunity cost of a good is what you give up to get it.
Think about an economy that uses its resources to generate only two goods —rice and wheat. Accordingly, the law of opportunity cost when PPC moves in the direction of increasing wheat output while decreasing rice production (presuming opportunity cost is constant along PPC), the opportunity cost of producing more units of that good would rise.
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which one of the following activities are not part of revenue cycle monitoring process. a. Accounts Receivable
b. Inventory
c. Sales
d. Cash
Usually, the inventory account is not considered to be a component of the revenue cycle.
What is a revenue cycle example?For instance, a salesperson may get in touch with potential clients if the JKL Corporation manufactures widgets and advertises those widgets through a sales crew. When a salesperson receives an order, the standard practice can be to look up company data to make sure there is enough inventory on hand.
What is the revenue cycle's fifth step?The remittance cycle step five is remittance processing. A practice will receive remittances once its claims have been processed. The benefits explanation outlines how much the practice was compensated for the services rendered. Allowables are established during this procedure.
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picture 1 of 5 click to enlarge have one to sell? sell now shop with confidence ebay money back guarantee get the item you ordered or get your money back. learn more- ebay money back guarantee - opens in a new window or tab seller information len1007 (2568) 100% positive feedback save this seller contact seller visit store see other items stay hot! 2000 watt precision digital heat gun
San Jose, California-based eBay Inc. supports consumer-to-consumer and business-to-consumer sales through its website. Pierre Omidyar established eBay in 1995, a dot-com bubble success.
As of this year (2019), eBay is a multibillion-dollar company that has a presence in around 32 nations. The corporation is responsible for running eBay, a global online marketplace where users purchase and sell a wide range of products and services.
Buyers don't have to pay anything to use the site, but sellers have to pay to list products once a certain number of free ones have been used up, and then another price when the items are sold.
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Recent court cases involving ___ have helped to make business ethics a matter of public concern.
Answer:
Unethical Behavior
Explanation:
Recent court cases involving unethical behavior have helped to make business ethics a matter of public concern.
since 2009, the organization for economic cooperation and development (oecd) has studied trends in family structures and relations. they predict four big areas of change. which is not one of these areas?
OECD predicts that big areas of change are related to the family structure, such as: socioeconomic, demographic, and sociocultural. The area that is not includes is biochemical (option A)
According to the OECD study, poverty, is linked to family structure. Cohabiting couples face a higher risk of poverty than married couples; divorce and separation are linked to poverty movements, particularly for women; single-parent families with a working adult have higher poverty rates than two-parent households with only one parent working; young people living with their parents face a significantly lower poverty risk; and children in single-parent families face an elevated risk of poverty.
Changes in family structures as well as family relations have a significant impact on informal support networks for the elderly. If they have no children might mean more reliance on professional care in old age. In the other hand, divorced, separated, and remarried parents have more difficulty sustaining long-term relationships with their children, resulting in less informal care capacity.
Your question is incomplete. Most likely it was:
Since 2009, the Organization for Economic Cooperation and Development (OECD) has studied trends in family structures and relations. They predict four big areas of change. Which is NOT one of these areas?
A. Biochemical
B. Socioeconomic
C. Demographic
D. Sociocultural
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a demand curve shows the relationship a. between price and income. b. between price and quantity demanded. c. among income, price, and quantity demanded. d. between income and quantity demanded.
A demand curve shows the relationship b. between price and quantity demanded.
What is a demand curve?
A demand curve depicts the relationship between a good's price and the amount demanded, either by a single person or by all market participants. The majority of goods have downward-sloping demand curves because consumers want more of them for less money.
The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve.
Therefore, option B is correct.
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Each time cash or checks are placed in a bank account, the customer prepares a?
Each time cash or checks are placed in a bank account, the customer prepares a deposit slip.
A deposit slip is a form used to record the deposit of cash or checks into a bank account. The deposit slip typically includes the following information:
Customer's name and account number: To ensure that the deposit is credited to the correct account, the customer must provide their name and account number on the deposit slip.Date of deposit: The date on which the deposit was made is recorded on the deposit slip.Type of deposit: The deposit slip may specify the type of deposit being made, such as cash or checks.Amount of deposit: The customer must indicate the total amount of cash or checks being deposited. If the deposit includes multiple checks, the customer must list the amount of each check.Signature: The customer must sign the deposit slip to acknowledge the deposit and to provide proof of ownership of the funds being deposited.Once the deposit slip is completed, the customer hands it over to the bank teller, along with the cash or checks, for processing. The bank teller verifies the information on the deposit slip, counts the cash, and confirms the accuracy of the amounts being deposited. Once the deposit is processed, the funds are credited to the customer's account, and the deposit slip is retained by the bank as a record of the transaction. In conclusion, a deposit slip is a critical document in the process of depositing cash or checks into a bank account. It provides the bank with the information needed to accurately credit the deposit to the customer's account and serves as a record of the transaction.
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on a sailor's most recent evaluation, at a minimum, what promotion recommendation is required to be eligible for advancement? a) early promote
On a sailor's most recent evaluation, at a minimum, the recommendation required to be eligible for advancement is promoted on time.The sailor must have a recommendation from their commanding officer that they are ready for promotion.
In order for a sailor to be eligible for advancement, they must have a current evaluation that indicates their readiness for the next rank. The evaluation must include a promotion recommendation by the commanding officer. Different branches of the military use different terminology, but the recommendation must be clear that the sailor is ready to advance and should be promoted at the designated time.
The recommendation should also include an explanation of the sailor's performance and why they are ready for promotion. This recommendation should be based on the sailor's performance, demonstrated knowledge, and leadership qualities. The commanding officer must also take into account any
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On a sailor's most recent evaluation, at a minimum, what promotion recommendation is required to be eligible for advancement? a) early promote b) promote c) promote now d) must promote e) promote on time
sexual harassment a. must occur between a manager or supervisor and a subordinate to be considered illegal. b. should be disciplined with severity, regardless of the nature of the harassment. c. is often a result of normal professional behaviors between men and women at work. d. may include lewd jokes, sexually explicit posters, or sexual comments at work.
Sexual harassment may include lewd jokes, sexually explicit posters, or sexual comments at work.
What is Sexual harassment?
A form of harassment known as sexual harassment uses overt or covert sexual references, as well as unwanted and inappropriate offers of incentives in exchange for sexual favours. From verbal indiscretions to sexual abuse or assault, sexual harassment covers a wide spectrum of behaviours. Harassment can happen in a variety of social contexts, including the workplace, the family, schools, and places of worship. Any sex or gender might be a victim or a harasser. Sexual harassment is forbidden under current legal regulations. Due to the fact that sexual harassment laws do not impose a "universal civility norm," they sometimes do not outlaw simple taunting, casual remarks, or minor isolated incidents.
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the production possibilities frontier is the boundary between the group of answer choices rational and irrational choices facing a society. wanted and unwanted combinations of goods and services. attainable and unattainable combinations of goods and services. goods and services that the economy can produce. affordable and unaffordable combinations of production.
Option (c), the boundary between combinations of commodities and services that can be created and those that cannot be produced as technology changes is known as the "production possibilities frontier."
What factors decide which pairings of goods and services can be established and which cannot?The "production possibilities frontier" denotes the boundary between combinations of goods and services that can be created and those that cannot (PPF). For the purpose of displaying the PPF, we focus on two products at once while keeping the quantities of all other goods and services constant.
What else is the production possibility curve known as?The production possibilities curve (PPC) graph shows every potential output combination that can be produced utilizing the resources and technologies at hand. The production possibilities frontier (PPF), sometimes known as the PPC, represents scarcity and tradeoffs.
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when faced with potentially unpopular choices, having a team develop potential solutions and implementation methods can result in what? group of answer choices
When faced with potentially unpopular choices, having a team develop potential solutions and implementation methods can result in Increased acceptance. (B)
It cause increased acceptance of the proposed solutions by allowing for more perspectives to be incorporated into the decision-making process.
Having many people involved in the consideration of different outcomes, as well as different ways of implementing the solution that are discussed. This can lead to a more detailed and comprehensive understanding of the problem and hence more paractical solution which is better when it is accepted by the team and other stakeholders.
Having a team involved in the process which may lead to conflict resolution, as different points of view can be discussed which finally leading to a more unified decision-making process.
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Complete question:
When faced with potentially unpopular choices, having a team develop potential solutions and implementation methods can result in what?
A) Increased information
B) Increased acceptance
C) Higher performance levels
D) Lower costs
E) Hidden agendas
under the usa, if an agent in new york calls a prospective client in ohio recommending the purchase of a listed security, the administrators of which state(s) has (have) jurisdiction?
The model law known as the Uniform Securities Act serves as a starting point for state-level securities regulation.
The Administrator(s) of both New York and Ohio would have jurisdiction over this breach of the Uniform Securities Act if the agent contacts a retail client in Ohio recommending the acquisition of an unregistered non-exempt security. This information is interpreted as an offer, and no offer of a security may be made in a state unless the security is registered, the transaction is exempt, or the security is exempt (this advice is not exempt because it is being solicited). The offer is in violation on its own—we don't require a sale—and administrators have jurisdiction over offers made in the originating state (New York), the state to which the offer is directed, therefore it is unnecessary to mention whether the offer has ever been accepted in the query (Ohio).
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A investment banking firm found that an analytical skills selection test it had been using to hire financial associates actually helped the firm to obtain more major clients and to increase the revenue and profitability of the firm. This is an example of selection test that possessesa. reliabilityb. generalizabilityc. utilityd. content validitye. legality
This is an illustration of a selection test that possesses utility. The analytical skills selection test aided the business in attracting more important clients, growing sales, and improving profitability.
Additionally, it was determined that the analytical skills selection test could be utilized to predict how successful a candidate would be in a financial position at the company. As evidenced by the investment banking firm's experience with the analytical skills selection test, a reliable and valid are crucial. A test's results must be reliable and consistent in order to be taken seriously.
To be considered legitimate, a test must be able to predict how well candidates will perform in a given situation. A analytical skills selection test can be reliable but not valid, such as when it predicts poor performance but does not accurately reflect an individual's actual ability.
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Question: The Projected Growth In Buyer Demand For Private-Label Athletic Footwear Is 5-7%% Annually In All Four Geographic Markets During Years 11-15, O 10% Annually In North America And Latin America During The Year 11-Year 20 Period. 9% Annually In Europe-Africa And The Asia-Pacific Regions During Years 11-20. 04-6% Annually Across All 4 Regions During Years 11-20.
The Projected Growth In Buyer Demand For Private-Label Athletic Footwear is 10% Annually In North America And Latin America During The Year 11- Year 20 Period. The correct option is b.
What is the economy of North America?North America's GDP per capita was evaluated in October 2016 by the International Monetary Fund (IMF) to be $41,830, making it the richest continent in the world, followed by Oceania. Canada, Mexico, and the U.S. have significant and multifaceted economic systems. The U.S. has the largest economy of all three countries in the world.
In 2016, the U.S. had an estimated per capita gross domestic product (PPP) of $57,466 according to the World Bank and is the most technologically developed economy of the three.
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angelina, age seven, decides to dress up like princess fiona for halloween. what is the opportunity cost of her decision?
She forfeits the chance to dress up like Dora the Explorer, which was her second choice, as the opportunity cost of this choice.
The value or advantage lost by selecting one activity over another is referred to as the opportunity cost in microeconomic theory. More specifically, it suggests that by selecting one activity, you give up the option to participate in another.
The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." For example, you cannot watch a movie and then while spending the money you would have spent at the cinema on something else, read a book at home.
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employees at xerox corporation who participated in worksite health promotion programs filed what percentage fewer health insurance claims compared to those who did not participate?
Health promotion programs are initiatives aimed at improving the health and wellbeing of employees. Worksite health promotion programs are those that are implemented in the workplace and target employees specifically.
It's possible that employees who participate in worksite health promotion programs may experience improved health and as a result, file fewer health insurance claims. However, without specific data on the impact of these programs at Xerox Corporation, it's not possible to provide an exact percentage. It's also important to consider that other factors, such as age, pre-existing health conditions, and lifestyle habits, can also impact the number of health insurance claims filed. So even if employees at Xerox Corporation who participated in worksite health promotion programs did file fewer claims, it may not be solely due to their participation in the program.
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question 1 as a project manager setting a budget, you factor in unexpected costs that may arise during the project. what budgeting strategy does this refer to?
Contingency budgeting is a proactive and important part of project budgeting and financial management.
It helps to ensure that projects have the necessary resources and funding to handle unexpected events or changes in circumstances that could impact the project’s timeline, quality, or outcome. Contingency budgeting involves setting aside a portion of the total project budget to address potential risks and unexpected events. This reserve is typically calculated based on historical data and expert judgment, and is adjusted throughout the project as needed. The size of the contingency budget will depend on the project’s complexity, level of risk, and the level of uncertainty involved. When setting a contingency budget, it is important to consider a wide range of potential risks and uncertainties, including but not limited to:
Cost overruns: Unexpected increases in the cost of materials, labor, or other resources needed for the project.Schedule delays: Unexpected disruptions to the project timeline, such as equipment breakdowns or weather events.Changes in scope: Unforeseen changes to the project requirements that may result in additional work or resources being needed.Unforeseen obstacles: Unexpected problems or issues that arise during the project, such as permit delays or access to critical resources.Quality issues: Unexpected problems with the quality of the project outcome, such as poor workmanship or unexpected defects.By including a contingency budget in the project plan, project managers can ensure that they have the resources and funding necessary to address these and other potential risks, and keep the project on track.To know more about budgeting:
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Salaries of factory supervisors and factory maintenance personnel are examples of ______ labor costs.
A. administrative
B. indirect
C. direct
Indirect labor costs include the salaries of factory managers and factory maintenance personnel.
B is the correct answer.
Are factory supervisors' and factory maintenance personnel's salaries examples of labor costs?Indirect labor seems to be the cost incurred by the company for staff who are not involved directly in the product's production. Security guards, cleaning staff, machine repairers, plant managers, superintendents, and quality inspectors, for example, are all indirect labor.
Is the factory supervisor doing direct labor?The cost of direct labor is indeed the cost of a workers who produce the product. Although supervisory personnel, management, as well as factory maintenance workers are required to operate the factory, their costs are classified as indirect labor even though they do not use direct materials to build the factory.
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organizational commitment is defined as a set of actions that employees perform to avoid the work situation—behaviors that may eventually culminate in quitting the organization. True or False
Organizational commitment is defined as a set of actions that employees perform to avoid the work situation—behaviors that may eventually culminate in quitting the organization is a False satement.
How do you define organization?An organisation is a group of individuals who cooperate, such as a firm, community group, charity, or union. The term "organisation" can be used to describe a person, a group, a company, or the process of creating or creating anything.
What is the purpose of organization?Understanding and effectively managing the business is an organization's primary goal or purpose.Unifying the workforce and defining the organization's direction are the major objectives.
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if the government subsidizes the production of a good: a. total surplus is higher than it would have been without the subsidy b. consumer surplus and producer surplus both fall c. deadweight loss results because not enough of the good is exchanged d. deadweight loss results because too much of the good is exchanged
When a good is produced with government assistance, there is a deadweight loss because too much of the good is exchanged.
What constitutes a government subsidy, specifically?For instance, if a government gives a group that pays 15% income tax financial aid that covers 15% of all medical expenses. Giving a health tax deduction results in the exact same subsidy. Tax expenditures are another name for tax subsidies. Tax breaks are frequently referred to as subsidies.
What are the four primary categories of subsidies?production assistance. A product's production is encouraged by the provision of this kind of subsidy.
Subsidy for consumption. This occurs when the government subsidizes the price of water, food, healthcare, and education.
Export assistance.
employment assistance.
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which part of the business plan identifies plans for pricing policies?
The proposed marketing plan identifies plans for pricing policies
A marketing proposal is a thorough plan outlining possible advertising, marketing, and brand-awareness initiatives for a potential client's company. It is written by a marketing firm or internal marketers, and it is addressed to company stakeholders. Plans for pricing policies should be part of any planned marketing strategy. Pricing is a crucial marketing component, and a smart pricing plan may help a company meet its financial and marketing objectives.
When designing pricing strategies, a proposed marketing plan should take into account elements including the target market, competition, production costs, and value proposition. The recommended pricing approach should be explicitly described in the plan and how it fits with the company's overall marketing goals and objectives.
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job design is one of the many organizational design decisions managers must make when engaged in the polc function of:
When performing the polc function of organizing, managers must make a number of organizational design decisions.
According to the conventional definition, a manager is only one who is responsible for supervising people's activities. Simply put, managers supervise others' efforts to accomplish goals. In the modern workforce, managers may be in control of particular systems or tasks that don't require human interaction. The manager's main responsibility is to organize the work of every employee in the company and provide the best outcomes possible to guarantee the company's expansion. In order to achieve the best results from the staff, managers have a variety of duties and responsibilities. Final Verdict. The ability to plan a business, make decisions, solve problems, communicate effectively, delegate, and manage time are all examples of management talents.
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the three main macroeconomic policy types are: multiple select question. discretionary policy. structural policy. investment policy. monetary policy. fiscal policy.
Discretionary fiscal policy is the term used to describe the deliberate manipulation of government spending and taxes for macroeconomic purposes.
Monetary policy and fiscal policy, which includes government expenditure, are the two primary instruments of macroeconomic policy. Government expenditure is when the government spends money on anything that is subsidized by the government, such as health care, social services, unemployment benefits, bank pay-outs, and national defence. Fiscal policy includes government expenditure, which is employed by the government to mitigate the most vengeful consequences of the business series. As an illustration, if the economy is experiencing a recessionary gap, the government may be able to assist by raising government spending. The economy would gain from this rise in government expenditure since consumers would receive the same additional funds and investments would result.
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Microeconomics is the branch of economics that deals with?
Microeconomics has been concerned with both the interactions between supply and demand in independent markets for both goods and services.
What is the economic branch of microeconomics?Microeconomics is the study of individual and firm decisions to allocate production, exchange, as well as consumption resources. Microeconomics studies prices and production throughout single markets as well as market interactions, whereas macroeconomics studies economy-wide aggregates.
What is the scope of macroeconomics?Macroeconomics is indeed the study of entire economies; it is the branch of economics worried with huge or overall economic factors and their interactions in economies. Microeconomic examples include consumer equilibrium, individual income, and savings.
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would a more established mnc or a less established mnc be better able to effectively hedge its given level of translation exposure? why?
It is difficult to determine whether a more established MNC (Multinational Corporation) or a less established MNC would be better able to effectively hedge its given level of translation exposure.
What is MNC ?A more seasoned MNC is likely to operate on a greater scale and have stronger financial standing, which may provide it the means and capabilities to effectively hedge its translation exposure. Additionally, it might have a better reputation and more access to financial markets, which might make it simpler for it to get advantageous hedging contracts.A less seasoned MNC, on the other hand, might be more flexible and adaptable, enabling it to react more swiftly to shifting market conditions and execute hedging techniques. It might also have fewer levels of administration and less bureaucratic processes, which would simplify the process of making and carrying out decisions.
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during the year, belyk paving company had sales of $1,745,000. cost of goods sold, administrative and selling expenses, and depreciation expense were $880,000, $470,000, and $385,000, respectively. in addition, the company had an interest expense of $195,000 and a tax rate of 21 percent. ignore any tax loss carryforward provision and assume interest expense is fully deductible. the company paid out $370,000 in cash dividends. assume net capital spending was zero, no new investments were made in net working capital, and no new stock was issued during the year. calculate the firm's new long-term debt added during the year.]
The firm's new long-term debt added during the year is $223,850.
To calculate the firm's new long-term debt added during the year, we need to determine its net income, and then subtract the cash dividends paid and net capital spending (which is assumed to be zero).
First, let's calculate the company's net income:
Sales: $1,745,000
Cost of goods sold: $880,000
Gross profit: $1,745,000 - $880,000 = $865,000
Administrative and selling expenses: $470,000
Depreciation expense: $385,000
Operating expenses: $470,000 + $385,000 = $855,000
Operating profit: $865,000 - $855,000 = $10,000
Interest expense: $195,000
Operating profit before taxes: $10,000 - $195,000 = -$185,000
Taxes (at a 21% rate): -$185,000 * 0.21 = $38,850
Net income: -$185,000 + $38,850 = -$146,150
Next, subtract the cash dividends paid and net capital spending from the net income:
Net income: -$146,150
Cash dividends paid: -$370,000
Change in long-term debt: -$146,150 - (-$370,000) = $223,850
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what future president signed the louisiana purchase for the u.s.?
James Monroe signed the Louisiana Purchase for the U.S.
What is Louisiana Purchase?
The greatest land deal in American history was the Louisiana Purchase when the United States acquired the western half of the Mississippi River basin from France in 1803 for less than three cents per acre, or 828,000 square miles (2,144,520 square kilometres). The acquisition more than doubled the size of the country, significantly strengthened it militarily and strategically, gave the westward movement a major boost, and upheld the federal Constitution's notion of implied powers. Prior to 1803, there had been considerable Old World interest in the Louisiana Territory. France had gained authority over the river and ownership of the majority of the Mississippi valley thanks to explorations and sporadic colonies in the 17th and 18th centuries.
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