Tuesday, May 19, 2020

Questions Accounting for Managers - 1827 Words

| 1. | Cash is another term for Stockholders’ Equity. | | | | True | | x| False | | | | Score: 1 of 1 | | 2. | Explanatory notes and supporting schedules are an optional part of an annual report. | | | | | True | | x | False | | | | Score: 1 of 1 | | 3. | Debt securities sold to investors that must be repaid at a particular date some years in the future are called | | | | | accounts payable. | | | notes receivable. | | | taxes payable. | | x | bonds payable. | | | | Score: 0 of 1 | | 4. | Which activities involve acquiring the resources to run the business? | | | | | Delivering | | | Financing | | x | Investing | | | Operating | | | | Score:†¦show more content†¦| | | | | $2. 76 | | x | $2. 50 | | | $1. 25 | | | $1. 32 | | | | Score: 1 of 1 | | 17. | Using the following balance sheet and income statement data, what is the current ratio? Current assets | $9,000 | Net income | $12,000 | Current liabilities | 4,000 | Stockholders’ equity | 27,000 | Average assets | 44,000 | Total liabilities | 6,000 | Total assets | 30,000 | | | Average common shares outstanding was 10,000 | | | | | 1. 75 : 1 | | | 2. 00 : 1 | | | 0. 44 : 1 | | | 2. 25: 1 | | | | Score: 1 of 1 | | 18. | What organization issues U. S. accounting standards? | | | | | Security Exchange Commission. | | | International Accounting Standards Committee. | | | International Auditing Standards Committee. | | | Financial Accounting Standards Board. | | | | Score: 1 of 1 | | 19. | The going concern assumption is inappropriate when | | | | | the business is just starting up. | | | liquidation appears likely. | | | market values are higher than costs. | | | the business is organized as a proprietorship. | | | | Score: 1 of 1 | | 20. | It is assumed that the activities of Ford Motor Corporation can be distinguished from those of General Motors because of the | |Show MoreRelated3101AFE Seminar Questions from Seminars 1 6 Sem 1 20151558 Words   |  7 Pagesï » ¿3101AFE Accounting Theory and Practice Seminar Questions for Seminars 1- 6: Semester 1 2015 SEMINAR 1 - Semester 1 2015 Deegan Topic 1: Introduction to financial accounting theory QUESTION 1 – Question 1.2: If you developed a theory to explain how a person’s cultural background influences how they prepare financial statements, would you have developed a positive theory or a normative theory? QUESTION 2 - Question 1.3: What is a conceptual framework, and would it be considered to be a positiveRead MoreEthics in Earnings Management Essays1320 Words   |  6 Pagesresults to meet the goals set forth (Geiger van der Laan Smith, 2010). In addition to the pressures on company management, broad accounting principles introduce ethical issues into the accounting profession (Gibson, 2011). Merchant and Rockness (1994) suggested the practice of earnings management introduces â€Å"the most important ethical issues facing the accounting profession† (p. 79) while Rosenzweig and Fischer (1994) noted it to be â€Å"a significant ethical concern† (para. 18). The following isRead MoreYou Decide1023 Words   |  5 PagesName __Randy Stonecrest_______________ Course Section __HR 599_________ Date ____April 9, 2012______ Scenario Summary: A supervisor in a large accounting firm is scheduled to interview a job candidate who comes highly recommended and has excellent qualifications. Jim has an accounting degree (bachelors) from a prestigious Ivy League school and has been working on his MBA by attending an online program for the last 18 months and is close to earning his degree. In addition he has been workingRead MoreWhat is Accounting Profit?1054 Words   |  4 PagesBased on my understanding, accounting profit is a measure of the profit or loss of the Company. It’s simply, total income minus total cost. I agree that accounting profit provides a good starting point to evaluate a company’s performance during a particular period. Many people tend to assume a company is doing well if it is profitable and invest in it as long as income statement shows net profit without considering other indicators such as accounting ratios and cash flows. However, I am unsureRead MoreDifference between Financial and Managerial Accounting 637 Words   |  3 PagesThe primary difference between financial and managerial accounting is that financial accounting is used for external members of the company; they do not control or run the businesses’ operations. An example of external members would be customers and shareholders of the business. On the other hand, managerial accounting is used for internal members in the company such as managers and officers. The internal members use managerial accounting to increase efficiency and effectiveness within their companyRead MoreCurrent Financial Reporting Standards On The Workplace Essay1744 Words   |  7 Pagesfinancial reporting. The IFRS comprises of principle-based standards that have presents financial report manager with the opportunity to increase flexibility on their part and possible manipulation (Benston, 20 06). Consequently, the fact brings another issue into question, for instance, the reliability and transparency of information produced under professional discretion and judgment of managers. This paper seeks to indicate that there are too many current financial reporting issues that are not yetRead MoreImplementing A Performance Management Communication1004 Words   |  5 PagesImplementing a Performance Management Communication Accounting, Inc. is implementing a performance management communication plan to advertise the performance management system (PMS) as well as gain employee support for the process. A good communications plan answers six fundamental questions that encompass the history of a PMS, alignment of organizational strategy with the PMS goals, employee input and rewards, and guidelines to follow throughout its execution. Laurence J. Peter (n.d., p. 1) saidRead MoreManagerial Accounting Hilton Quiz1 Answers1526 Words   |  7 PagesMultiple Choice Quiz (See related pages) Results Reporter | | Out of 15 questions, you answered 2 correctly with a final grade of 13% | | | | | | 2 correct (13%) | | | | 12 incorrect (80%) | | | | 1 unanswered (7%) | | | Your Results: | The correct answer for each question is indicated by a  . | ------------------------------------------------- Top of Form | 1 INCORRECT | | Which of the following organizations would be least likely to have a company objective involvingRead MoreResponsibility Accounting949 Words   |  4 PagesROLE OF RESPONSIBILITY ACCOUNTING IN FOSTERING GOAL CONGRUENCE RATIONALE: It is impossible for top managers to make all the necessary decisions about everything except in very small organizations. Somehow at some point he has to delegate some decisions to those who are at the lower levels and are more knowledgeable to the everyday detail of the company’s operation. By empowering lower level managers to make decisions, decision-making authority is spread throughout the organization ratherRead Morewhy managerial accounting is important Essay840 Words   |  4 Pagesexplains why managerial accounting is important to the future careers of all business students. It answers three questions: (1) What is managerial accounting? (2) Why does managerial accounting matter to your career? and (3) What skills do managers need to succeed? It also discusses the importance of ethics in business and corporate social responsibility.    I.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   What is managerial accounting? A.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Examine the difference between Financial and managerial accounting †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Financial

Wednesday, May 6, 2020

The Color Purple By Alice Walker - 1444 Words

In the early 1900’s society s attitude toward women wasn t always a positive one. Women often faced sexism, discrimination, racism, and abuse which is demonstrated throughout the book the The Color Purple by Alice Walker. When these prevailing attitudes came face to face with the diverse personalities of the women in this book they not only affected each other but their society as a whole. These attitudes included but were not limited to disrespect, jealousy, selfishness,infidelity, and abuse. These women were forced to survive their own struggles in their own way and whether they chose to do it alone or together they did survive. Although it may have been weakened at times these women had unbreakable spirits that by the end were†¦show more content†¦Sofia knew her worth and never for one second doubted it. She was a powerful woman both mentally and physically. When Harpo attempted to break her spirits and beat her into submission he soon realized that he could not. A lthough Harpo did love Sofia he let the societal standards of that time period ruin their marriage. â€Å" I loves Harpo, she say. God knows I do. But I’ll kill him dead before I let him beat me.† Harpo and Sofia had love in their marriage but their love was not enough to save it. Instead of being beat or having to fight Sofia left. This situation highlights the differences between Celie and Sofia and how they react to their abuse. This difference leads us to our next topic. Jealousy is a strong theme throughout this books and is the reason for many characters actions. This one is mostly found between the women but not exclusively. Previously the differences between Sofia and Celie were brought up. This distinction in character personalities did not go unnoticed. â€Å" ‘You told Harpo to beat me,’ she said. ‘No I didn’t’, I said. ‘Don’t lie’, she said. ‘I didn’t mean it,’ I said. ‘Then what you say it for?’ she ast. She standing there looking me straight in the eye. She look tired and her jaws full of air. ‘I say it cause I’m a fool, I say. I say it cause I’m jealous of you. I say it cause you do what I can’t.’ ‘What that?’ she say. ‘Fight.’ I say.†(Walker, 40) Celie was so jealous of Harpo’s freedom that sheShow MoreRelatedThe Color Purple By Alice Walker1355 Words   |  6 PagesDecember, 2015 Just A Single Purple Wildflower In A Field Of Weeds Alice walker once said, â€Å"No person is your friend (or kin) who demands your silence, or denies your right to grow and be perceived as fully blossomed as you were intended. Or who belittles in any fashion the gifts you labor so to bring into the world.† The color purple has timelessly been used to convey pictures of power and ambition, it is also associated with the feeling of independence. The Color Purple is the story of the constantRead MoreThe Color Purple By Alice Walker710 Words   |  3 PagesThe Series of unfortunate events in The Color Purple The Color Purple by Alice Walker starts off with a rather graphic view of a young black woman denominated as Celie. Celie has to learn how to survive her abusive past. She also has to figure out a way she can release her past in search of the true meaning of love. Alice walker wrote this book as an epistolary novel to further emphasize Celie`s life events. From the beginning of the novel Alice Walker swiftly establishes an intimate contact withRead MoreThe Color Purple by Alice Walker1192 Words   |  5 Pagesas a novel containing graphic violence, sexuality, chauvinism, and racism, The Color Purple was banned in numerous schools across the United States. Crude language, brutality, and explicit detail chronicle the life of Celie, a young black woman exposed to southern society’s harshness. While immoral, the events and issues discussed in Alice Walker’s The Color Purple remain pervasive in today’s society. The Color Purple epitomizes the hardships that African A mericans faced at the turn of the centuryRead MoreThe Color Purple by Alice Walker675 Words   |  3 Pagesthe world exist for their own reasons. They were not made for humans any more than black people were made for white, or women created for men.† Straight from the mouth of Alice Walker this quote was spoken in order to point out that fact that none of God’s creatures were put on this Earth to be someone else’s property. Alice Walker is an African-American novelist and poet who took part in the 1960’s civil rights movement in Mississippi. Walkers creative vision was sparked by the financial sufferingRead MoreThe Color Purple by Alice Walker921 Words   |  4 PagesAlice Walker’s realistic novel, The Color Purple revolves around many concerns that both African American men and women faced in an era, where numerous concerns of discrimination were raised. Religious and gender issues are confronted by the main characters which drive the plot and pa int a clear image of what life may possibly have been like inside an African American home. Difficulties were faced by each and every character specifically Celie and Nettie who suffered heavy discrimination throughoutRead MoreThe Color Purple By Alice Walker1540 Words   |  7 Pages Alice Walker is an award winning   author, most famously recognized for her novel   The Color Purple ;aside from being a novelist Walker is also a poet,essayist and activist .Her writing explores various social aspects as it concerns women and also celebrates political as well as social revolution. Walker has gained the reputation of being a prominent spokesperson and a symbolic figure for black feminism. Proper analyzation   of Walker s work comes from the   knowledge on her early life, educationalRead MoreThe Color Purple By Alice Walker3360 Words   |  14 Pagesâ€Å"Womanist is to feminist as purple is to lavender† (Yahwon). Alice Walker views herself as a womanist. Although a womanist and feminist are similar, the two terms are not exactly the same. According to Professor Tamara Baeouboeuf-Lafonant: [Womanism] focuses on the experiences and knowledge bases of black women [which] recognizes and interrogates the social realities of slavery, segregation, sexism, and economic exploitation this group has experienced during its history in the United States. FurthermoreRead MoreThe Color Purple by Alice Walker1100 Words   |  5 PagesThe Color Purple by Alice Walker is a story written in 1982 that is about the life struggles of a young African American woman named Celie. The novel takes the reader through several main topics including the poor treatment of African American women, domestic abuse, family relationships, and also religion. The story takes place mostly in rural Georgia in the early 1900’s and demonstrates the difficult life of sharecropper families. Specifically how life was endured from the perspective of an AfricanRead MoreThe Color Purple by Alice Walker926 Words   |  4 PagesThe award-winning novel, â€Å"The Color Purple† by Alice Walker, is a story about a woman going through cruel things such as: incest, rape, and physical abuse. This greatly written novel comes from a very active feminist author who used many of her own experiences, as well as things that were happening during that era, in her writing. â€Å"The Color Purple† takes place in the early 1900s, and symbolizes the economic, emotional, and social deprivation that African American women faced in Southern statesRead MoreThe Color Purple By Alice Walker1495 Words   |  6 PagesThe Color Purple, is a novel written by the American author Alice Walker. The novel won the 1983 Pulitzer Prize for Fiction and is also regarded to be her most successful piece of work. It has developed into an award winning film and was recently made into a Broadway play. The story continues to impress readers throughout the decades due to its brutal honesty. The novel successfully and truthfully demonstrates what life was like for black women during the early twentieth century. The book discusses

The Main Reason The American Revolution Was Caused Was

The main reason the American Revolution was caused was because the tax of the colonists by the British, in which led the end of the seven-year war of the French and Indian. This issue was more engaged in the North more than the South because of their politician differences. The people that were business leaders, politicians, etc, did not like the situation that was going on they had their particular economy and political interests in enlightenment just to get people the big masses, the war was freedom and release from tyranny. The British people were looking at it as the colonies were not paying what they were suppose to, also maintain the empire. They were treating the American to control them not as partners in their†¦show more content†¦Everything built up and eventually that was going to happen. Also, Americans did not want to go to war, they wanted England to go back to their expedient disregard. They did mind their own business, also they liked the protection of Englan d. What they did not agree to was the taxes and the unsupportable acts that they did. Even though the revolution did start not everyone supported it. The Sons of Liberty were a secret group. They did start the Boston Tea Party; the sons threw the tea into the Boston Harbor. They did that because they refused the taxes that the British people gave to them. The sons of the Liberty liked to start nonsense with their brainwashing information which caused an uproar to a lot of things as well. They wanted to be free of Britain because they did not think that these taxes were fair. There also was a protest to the Stamp Act as well. The reason they did that was because the British were making people pay taxes on their paper that they used. Were they wrong for taking a stand and doing what they did? Some people might think yes, and some might say no. I would say that they obviously were being taxed on nonsense things because the British Empire was being extremely unfair. The Declaration of Independence was written because the thirteen colonies wanted to be Independent from Great Britain. They also put charges against the crown Parliament for wrong misbehavior against the colonists. ThisShow MoreRelatedWhat Really Happened During The Industrial Revolution By: Brianna Taylor Would you like to work1300 Words   |  6 Pages What Really Happened During The Industrial Revolution By: Brianna Taylor Would you like to work fourteen hours a day, six days a week, for little to no pay? While this might seem unreal to us now, this is what working Americans during the time of the Industrial Revolution endured. Not only was it adults working, it was also children as young as three. Now you look at it and think what could a three year old have done? When people running factories just saw it as smaller hands to do thingsRead MoreTaking a Look at the Philippine Revolution880 Words   |  4 Pages The Philippine Revolution began in 1896 and ended in 1898. Before the start of the revolution, Spain was in control of the Philippines for more that three and a half centuries . During Spanish rule, there was a period of tyranny, misconduct and abuses of the Friars and the Civil and Military Administration exhausted the patience of the natives and caused them to make a desperate effort to shake off the unbearable galling yoke on August 26, 1896, then commencing the revolution in the provinc esRead MoreEssay on Causes of the American Revolution612 Words   |  3 Pages From 1763, Americans had only to be convinced that an arbitrary ruler- whether Parliament or King-was violating their inherent rights, to feel that rebellion was justified. This conviction was bred in them by the series of events that occurred between 1763 and 1776. The language used to protest the British Acts was legal, and political. But the primary cause of the Revolution was economics. In theory the colonists accepted the principle that natural laws rather than royal decreesRead MoreThe American Revolution And The War For Independence779 Words   |  4 PagesThe year 1775 marked the beginning of the American Revolution or, to the colonists, â€Å"The War for Independence.† The American Revolution did not happen by itself but past conflicts such as the seven years war provoked the future event of the American Revolution. The seven year war was fought between the Thirteen Colonies and the French Empire as well as Native American allies, over territory in America. Before the seven year war, the British government proposed the colonists to pay for protectionRead More Enlightenment Ideas Inspired The American and French Revolutions1523 Words   |  7 PagesThe American and French Revolutions The American and French Revolutions were both fundamentally based on the Enlightenment ideas. The main ideas that they followed were by John Locke. His ideas inspired the Americans and the French to have a revolution. In these revolutions, the Americans had success and the French failed. The success that the Americans experienced wad due to the protection of rights they had. These rights are Life, Liberty and Property.? In America a constitution was putRead MoreDbq - American Revolution950 Words   |  4 Pagesof America was the American Revolution. It was not so significant because of the number of deaths or the affects it had on Americas relationship with Great Britain, but more because of the changes it caused in society socially, economically, and politically. American society was greatly affected socially by the American Revolution. Compared to women in Europe, women in America already held a slightly greater role in society. That role would grow even larger by the end of the Revolution. The artworkRead MoreEnlightenment Ideas Inspired the American and French Revolutions1504 Words   |  7 PagesThe American and French Revolutions were both fundamentally based on the Enlightenment ideas. The main ideas that they followed were by John Locke. His ideas inspired the Americans and the French to have a revolution. In these revolutions, the Americans had success and the French failed. The success that the Americans experienced wad due to the protection of rights they had. These rights are Life, Liberty and Property. In America a constitution was put together that provided for a stableRead MoreImpact Of The American Revolution On The United States Of America1262 Words   |  6 PagesStates revolution is one of the most important revoluti ons to occur in history because it can be seen as the most significant revolution to transpire in modern time. This can be shown through the role that the revolution had in creating the country that we know today. Why was it that the American Revolution occurs, was it for independence or was it based on something else? In the American Revolution there were many leaders who aided in creating the United States, who were they and what was the costsRead MoreImmigration During the Industrial Revolution822 Words   |  4 PagesImmigration during the Industrial Revolution Immigration was a huge part of the industrial revolution, some migrated legal, some illegal. Either way, many immigrants came to the United States searching for a dream, the American dream to be precise. This leads to the question; Why did people immigrate to America? There can be many answers to this question, but some of the most important answers are: political, others economic, while yet others religious, whatever the case was, the United States becameRead MoreThe Causes of the American Revolution Essay903 Words   |  4 Pages  Ã‚  Ã‚  Ã‚  Ã‚  The American Revolution was sparked by a myriad of causes. These causes in themselves could not have sparked such a massive rebellion in the nation, but as the problems of the colonies cumulated, their collective impact spilt over and the American Revolution ensued. Many say that this war could have been easily avoided and was poorly handled by both sides, British and American; but as one will see, the frame of thought of the colonists was poorly suited to accept British measures which sought

Lincoln and Douglas Debates free essay sample

The main issue for the debates was overwhelmingly about slavery and anything tied into dealing with slavery. As the fifties wore on, an exhaustive, exacerbating and essentially futile conflict over slavery raged to the exclusion of nearly all other topics. So, with slavery at the center of attention, you had two politicians at the end Of both spectrums. First, you had the incumbent Senator Stephen Douglas, who was definitely pro-slavery. Then, of course, you had Abraham Lincoln who opposed Stephen Douglass ideas.The debates were to be held in each of the nine congressional districts in Illinois. The debates themselves were a very big deal. They came at a time in which our nation was at a crossroads of very important issues to come, with slavery at the helm. The abates drew very large crowds which were enormously in-tune with what was going on and were deeply entrenched to which side they were on. We will write a custom essay sample on Lincoln and Douglas Debates or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Newspapers also sent court reporters to type the complete text of the debates, which would be released nationally.The newspaper coverage of the debates was deeply biased as well, with each side having different newspapers in their corner. For the first time reporters were assigned to cover candidates throughout the long campaign season. The Chicago Press and Tribune, the most influential Republican paper in the state, sent the skilled shorthand expert Robert R. Hit to report every word of the debates, ND James B. Sheridan and Henry Bonfire performed the same service for Douglass organ, the Chicago Times.Though each side accused the other of garbling, mutilating, or revising the speeches, the verbatim reports, which were widely copied and circulated in other newspapers as well, were largely accurate, both in substance and expression. The launching point of Lincoln run in this senatorial election was when he accepted the republican nomination at Springfield. In his first speech to start his campaign for the Senate he gave his famous House Divided speech in which he foretold what slavery would do to our country.With his House Divided speech he created a lasting image of the danger of disunion because of slavery. While slavery was the main issue being debated it was really the issue of slavery expansion into the nearby territories that really drove the intensity of the debates. Douglas had already been making strides for pro-slavery voters. It was Douglass Kansas-Nebraska Act that repealed the Missouri Compromises ban on slavery in Kansas and Nebraska and replaced it with popular sovereignty, which allowed the people of a territory to decide whether to allow slavery. .. He party in the interest of slavery effected in Congress the abrogation of the Missouri Compromise of 1820-?a compromise which was intended to shut slavery forever out of the northwest; and a bill organizing the territories of Kansas and Nebraska was enacted, which left them free to choose whether they would have slavery as an institution or not The intention, without doubt, was to force slavery upon those territories-?to make it impossible for them ever to become free states-?as the subsequent exhibitions of border ruffians in Kansas sufficiently testified.This great political iniquity aroused Mr.. Lincoln as he had never before been aroused. It as at this time that he fully comprehended the fact that there was to be no peace on the slavery question until either freedom or slavery should triumph. Lincoln was strongly opposed to popular sovereignty on the issue and believed that it would only help slavery endure for even longer. when the Judge reminds me that have often said to him that the institution of slavery has existed for eighty years in some States, and yet it does not exist in some others, agree to the fact, and account for it by looking at the position in which our fathers originally placed it-restricting it from the new Territories here it had not gone, and legislating to cut off its source by the abrogation of the slave-trade thus putting the seal of legislation against its spread.The public mind did rest in the belief that it was in the course of ultimate extinction. But lately, I think-and in this I charge nothing on the Judges motives-lately, I think, that he, a nd those acting with him, have placed that institution on a new basis, which looks to the perpetuity and nationalization of slavery.And while it is placed upon this new basis, I say, and I have said, that believe we shall not have peace upon the question until the opponents f slavery arrest the further spread of it, and place it where the public mind shall rest in the belief that it is in the course of ultimate extinction; or, on the other hand, that its advocates will push it forward until it shall become alike lawful in all the States, old as well as new, North as well as South. After the 1858 debates in which these brilliant men engaged in over some very intense issues, the more well-known Douglas ended up being the victor, thus keeping his spot in the Senate. Though in defeat, Lincoln had paved the way for success in his legendary future in politics. Although he was crushed at yet another defeat in the political spectrum after so much effort and fight he still decided that the fight must go on. l am glad made the late race he wrote his old friend Dry. Henry. It gave me a hearing on the great and durable question of the age, which I could have had in no other way; and though I now sink out of view, and shall be forgotten, I believe have made some marks which will tell for the cause of civil liberty long after I am gone. The fight must go on, he assured another friend The cause of civil liberty must not be surrendered at the end Of one, or even, one hundred defeats. Though he thought he might sink out of view after losing this close race, he was wrong.

Tuesday, May 5, 2020

Ferdinand Magellan Essay Example For Students

Ferdinand Magellan Essay Who was the first explorer to circumnavigate the globe and cross the Pacific Ocean? Ferdinand Magellan did it on his famous voyage in search of a westward route to theMoluccas (now Melaka). This is one of the greatest Portuguese explorers to ever sail theocean. Ferdinand Magellan was born in about 1480 in Sabrosa of a noble family, and hespent his years as a court page. He ran errands and helped out with general chores but hewas still looking for something more. He wanted to see the world and find out what therewas to explore. In 1506 he went to the East Indies, participating in many military andexploratory expeditions in Malacca and the Moluccas, know as the Spice Islands, and by 1510he had been promoted to the rank of captain. He returned to Portugal in 1512 and in 1513was stationed in Morocco, where he got wounds that maimed him for life. He requested anincrease in his royal allowance but was rejected by Emanuel, king of Portugal, who didntagree with Magellans plan to find a westw ard route to the Moluccas. This made Magellanrenounce his Portuguese nationality. In 1517 he offered his services to the king of Spain,Charles I (later Holy Roman Emperor Charles V). With his good salesmanship skills,Magellan convinced Charles to fund the expedition to find a westward route to the Moluccas. If Magellan could reach the Moluccas from the West, Spains wealth would surpass all othercountries. On September 20,1519 Magellan started his great journey to the Moluccas fromSanlucar de Barrameda with five ships. In November of that year he reached South America. In February 1520 he explored the Rio de la Plata estuary, and on March 31, 1520 his fleetput in to port at San Julian. His fleet remained there for six months because of diseaseand complications. One ship was wrecked causing a mutiny. After the mutiny had beensettled, Magellan sailed the passage to the Pacific Ocean named after him, the Strait ofMagellan, losing another ship by desertion, en route. After 38 days and traveling 330miles, on November 28, 1520, his three great ships sailed into the ocean, which Magellannamed Pacific because it was so calm. He reached the Marianas, or Ladrone, Islands onMarch 6, 1521, and ten days later he discovered the Phillipines. He landed on the islandof Cebu on April 7. There he made an a lliance with the ruler of the island and agreed tohelp him attack the neighboring natives on the island of Mactan. Magellan was killed onApril 27, 1521 during the Mactan expedition. What happens to the crew now that their leaderis dead? A young Spanish navigator named Juan Sebastian del Cano takes over. Meanwhiletwo ships escaped and the other one was burned. The last ship, Victoria, was commanded bydel Cano through the Cape of Good Hope route to Seville on September 6,1522. AlthoughMagellan did not live to make the journey home he did circumnavigate the globe by passingthe easternmost point he had visited on an earlier voyage. The cargo of spices broughtback to Spain on the Victoria alone paid for the expenses of the Expedition. The passagethrough the Strait of Magellan was too long and difficult to be a practical trade routefrom Europe to the Moluccas, however, and Spain sold her interests there to Portugal. Thevoyage laid a foundation for trade in the Pacific between the New Worl d and the East. Though Spain did not recognize the importance of the Phillipines immediately, before theend of the century, Manila became the greatest Spanish trading center in the East. Ferdinand Magellan proved to the world and all those who rejected his ideas that one couldcircumnavigate the world. His discoveries and passages opened new doors to a larger world. .uea3061961c9ec6d235584f886b31ba95 , .uea3061961c9ec6d235584f886b31ba95 .postImageUrl , .uea3061961c9ec6d235584f886b31ba95 .centered-text-area { min-height: 80px; position: relative; } .uea3061961c9ec6d235584f886b31ba95 , .uea3061961c9ec6d235584f886b31ba95:hover , .uea3061961c9ec6d235584f886b31ba95:visited , .uea3061961c9ec6d235584f886b31ba95:active { border:0!important; } .uea3061961c9ec6d235584f886b31ba95 .clearfix:after { content: ""; display: table; clear: both; } .uea3061961c9ec6d235584f886b31ba95 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uea3061961c9ec6d235584f886b31ba95:active , .uea3061961c9ec6d235584f886b31ba95:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uea3061961c9ec6d235584f886b31ba95 .centered-text-area { width: 100%; position: relative ; } .uea3061961c9ec6d235584f886b31ba95 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uea3061961c9ec6d235584f886b31ba95 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uea3061961c9ec6d235584f886b31ba95 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uea3061961c9ec6d235584f886b31ba95:hover .ctaButton { background-color: #34495E!important; } .uea3061961c9ec6d235584f886b31ba95 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uea3061961c9ec6d235584f886b31ba95 .uea3061961c9ec6d235584f886b31ba95-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uea3061961c9ec6d235584f886b31ba95:after { content: ""; display: block; clear: both; } READ: Why the Homeless Must Vote Essay He will always be remembered as the first man who sailed around the world.