Sdj, inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860. what is the current ratio? what is the quick ratio?

Answers

Answer 1

According to the given data the quick ratio is equal to Quick Assets/Current Liabilities (2900/4590) which is 0.632.

What is inventory?

The notion of inventory includes both raw materials utilized in production and finished commodities offered for sale. Inventory is one of a company's most significant assets because it is one of the primary sources of revenue generation and, as a result, a source of profits again for the company's shareholders. Inventory is divided into three categories: finished goods, work-in-progress, plus raw materials. It is classified as a current asset on a corporation's balance sheet.

According to the given information:

Current liabilities=4590

Add:

Working capital=2170 Current assets=6760 Less:

Inventory=3860

Quick assets =2900

the current ratio = Current assets divided by Current Liabilities is.

6760/ 4590 = 1.47

Quick ratio is equal to Quick Assets/Current Liabilities

=  (2900/4590),

which is 0.632.

To know more about inventory visit;

https://brainly.com/question/14184995

#SPJ4


Related Questions

You are solving a measurement problem where the numbers 3.021 x 109 and 1.0482 x 10−4 are divided. How many significant digits should the quotient have?

2
3
4
5

Answers

The number of significant digits the quotient should have is 5. Option D

What are significant digits?

Significant digits are important single digits from 0 to 9 in the coefficient of an expression.

They are also known as meaningful digits.

Significant figures or digits are the zeros that occur between any two non zero digits.

From the information given, we have;

3.021 x 109 1.0482 x 10−4

Let's take the quotient

3.021 x 10^9 /1.0482 x 10^−4

This gives;

2. 88208 × 10^13

We can see that the number of significant digits are 5

Thus, the number of significant digits the quotient should have is 5. Option D

Learn more about significant digits here:

https://brainly.com/question/24491627

#SPJ1

Hi! I really need help with the answer to this question!

Answers

The room has a 68 by 33 square foot space and perimeter.

based on the information provided:

a) The room's area is 8 x 8.5,

=68 square feet.

and the room's circumference is

2(8+8.5) = 33 ft

b). Yes, the baseboard and carpet will have the same area and perimeter.

What is a rectangle's perimeter?

Considering that the polygon's perimeter is equal to the sum of its sides. As a result, the perimeter (P) of a rectangle is given by P = the total of its four sides. P = a + b + a + b (Opposite sides of rectangle are equal)

TO KNOW MORE PERIMETER VISIT;

brainly.com/question/26017189

#SPJ9

Need help on question 6!!!

Answers

I think I know…
X = 3
XY = 25
YX = 3
Let me know and anyone else out there, correct me I have no clue…

Here are two box plots:
95
95
100
100
105
box plot A
105
box plot B
110
110
115
115
1. Which box plot has a greater median? v
2. Which box plot has a greater measure of variability

Answers

Answer:

Box plot B

Step-by-step explanation:

Hope this helps

An angle and a ray are drawn on a piece of paper, what is the maximum number of
points at which the two figures could intersect?
A. 0
B. 1
C. 2
D. 3
E. infinitely many

Answers

b, because since it’s a ray, there has to be a point on the angle where it intersects so i can only intersect once
B is going to be your answer

subtract 2a-3b from b-a

Answers

Answer:

Answer: (2a+3b)-(a+b) = a + 2b.

Answer:

-2a² - 3b² + 5ab

Step-by-step explanation:

(b-a) - (2a-3b)

= b(2a-3b) -a(2a-3b)

= 2ab - 3b² - 2a² + 3ab

= -2a² - 3b² + 3ab + 2ab

= -2a² - 3b² + 5ab

pleaseeee help!!!!!!

Answers

Answer: 5. x=110 degrees

y=70 degrees

6. c=8

Step-by-step explanation:

5. x=110 degrees  ==> x and 110 are congruent angles.

110+y=180      ==> y is the supplement of an angle which is congruent to 110.

110-110+y=180-110

y=180-110

y=70 degrees

6. c/4 = 6/3

c/4 =2

c=8

Make a table of ordered pairs for the equation.



y=12x−3

Answers

Answer:

slope:12

Step-by-step explanation:

I HOPE IT HELP YOU

0_<

Answer:

12

Step-by-step explanation

Olivia purchases gifts for her mom and grandma for Mother’s Day the first pair as a pair of sunglasses for $16.35 and the second is a bracelet your total is 39 and $.75 how much did she spend on the bracelet

Answers

Olivia purchases gifts for her mom and grandma for Mother's Day. The  linear equations in first is a pair of sunglasses for $16.35 and the second is a bracelet. Her total spend $39.75.

She spend $23.4 on the bracelet.

Given that

Olivia purchases gifts for her mom and grandma for Mother’s Day.The  linear equations first is a pair of sunglasses for $16.35 and the second is a bracelet.She used total $39.75 for gifts.

o find

How much did she spend on the bracelet?

So, according to the question

We have

Total amount spend by her = $39.75.The amount of the pair of sunglasses = $16.35.

So, we can say that

The amount of bracelet = Total amount spend by her - The amount of the pair of sunglasses

Now, putting the all given values,

So, we get

                                             = $(39.75 - 16.35)

    The amount of bracelet = $ 23.4        

                                 

She spend $ 23.4 on bracelet for Mother’s Day.

To learn more about linear equations please click on the link:

https://brainly.com/question/27964313

#SPJ9

Chapter 15 Questions 4) In the diagram below, ABCD is a rectangle and triangle DEF is formed by joining the midpoints of AB and BC. a) determine the area of rectangle ABCD in terms of x and y, b) If the shaded area of triangle DEF is 15m², determine the value of xy. c) Hence, determine the area of triangle EBF​

Answers

a) The area of rectangle ABCD in terms of x and y = 4xy.

b) xy = 10

c) area of triangle EBF​ = 5 m².

What is defined as the rectangle?A rectangle is a covered two-dimensional shape with four sides, four corners, and four right angles (90°). A rectangle's opposite sides are equal as well as parallel. Because a rectangle is a 2-D shape, it has two dimensions: length and width. The length of the rectangle is the longer side, and the width is really the shorter side.

Part A) The area of rectangle ABCD:

See the diagram;

The length of rectangle is 2x.

The width of breadth is 2y.

Area = length×breadth

Area = 2x × 2y

Area of ABCD = 4xy m².

Part b) value of xy.

The area of the triangle DEF is 15m².

area ΔDEF = area ABCD - area ΔADE - area ΔBEF - area ΔDFC.

Put the values;

area ΔDEF = 4xy - 2xy/2 - 2xy/2  - xy/2

area ΔDEF = 3xy

equate;

ΔDEF = 3xy and DEF = 15m².

3xy/2 = 15

xy = 10

Thus, the value of xy = 10.

Part c) area of triangle EBF​:

area ΔEBF = xy/2

Put the value of xy = 10.

area ΔEBF = 10/2  = 5

Thus, the area of the triangle EBF 10m².

To know more about rectangle, here

https://brainly.com/question/2607596

#SPJ9

Find the perimeter and area of the figure if each unit on the graph measures 1 centimeter. Round answers to the nearest tenth, if necessary.
Perimeter:
Área:

Answers

The area and Perimeter of (ΔABC) are respectively; 17.5 square units and 24.16 units

What is the area and Perimeter of the Triangle?

The formula for the area of a triangle ABC with 3 coordinates is;

Area (ΔABC) = (¹/₂) |x₁(y₂ − y₃) + x₂(y₃ − y₁) + x₃(y₁ − y₂)|

The coordinates are;

(x₁, y₁) = (-6, 6)

(x₂, y₂) = (2, 3)

(x₃, y₃) = (-3, -2)

Thus;

Area (ΔABC) = (¹/₂) |-6(3 − (-2)) + 2(-2 − 6) + -3(3 − 6)|

Area (ΔABC) = (¹/₂)|-30 - 16 + 9|

Area (ΔABC) = ¹/₂ * |-35|

We are taking absolute value and so;

Area (ΔABC) = ¹/₂ * 35

Area (ΔABC) = 17.5 square units

To get the perimeter, we will use distance formula between two coordinates and we have;

AB = 8.544

BC = 7.071

AC = 8.544

Thus;

Perimeter = 2(8.544) + 7.071

Perimeter = 24.16 units

Read more about Area of Triangle at; https://brainly.com/question/19044159

#SPJ1

Find the component form of u v given the lengths of u and v and the angles that u and v make with the positive x-axis. u = 5, u = 9 v = 1, v = 5

Answers

The component form of a vector refers to breaking the vector into components with unit vectors denoting the direction of each component. The general component form angled vectors in a two-dimensional space is given by:

[tex]\vec v=|v|cos\theta\hat{x}+|v|sin\theta\hat{y}[/tex]

where |v| is the magnitude of the vector component and theta is the angle of the vector.

Using the magnitude and angle given for vector u we can write its component form :

[tex]\vec u=|u|cos\theta_u \hat{x}+|u|sin\theta_u \hat{y}\\\vec u=|5|cos(9)\hat{x}+|5|sin\(9) \hat{y}\\\vec v=5cos9_u\hat{x}+5sin9_u\hat{y}[/tex]

Doing the same for v

[tex]\vec v=|v|cos\theta_u \hat{x}+|v|sin\theta_u \hat{y}\\\vec v=|1|cos5_u \hat{x}+|1|sin5_u \hat{y}\\\vec v=1cos5_u\hat{x}+sin5_u\hat{y}[/tex]

Now adding both vector together

[tex]\vec u+\vec v=(5cos9_u\hat{x}+5sin9_u\hat{y})+(cos5_u\hat{x}+sin5_u\hat{x})\\\vec u+\vec v=(5cos9_u\hat{x}+cos5_u\hat{x})+(5sin9_u\hat{y}+sin5_u\hat{y})[/tex]

To learn more about vector here,

https://brainly.com/question/13322477

#SPJ4

What additional information is obtained from an ordinal scale compared to a nominal scale?

Answers

An ordinal scale provides more information than a nominal scale since values linked with an ordinal variable will be in natural order, whereas values connected with the nominal variable won't.

Types of Variables:

Ordinal variables as well as nominal variables are the two categories of variables listed here. This sort of variable cannot be submitted to the same forms of statistical tests as interval and ratio variables, hence it is crucial to be able to recognize them accurately. Both of these variables fall within the qualitative category. This contrasts with interval as well as rate variables, both of which are categorized as quantitative.

An illustration of an ordinal variable is a Likert scale with words for mood (such as joyful, neutral, or sad). An illustration of a nominal variable is the names of cities in the Canadian province of Alberta.

To know more about Variables visit:

https://brainly.com/question/17344045

#SPJ4

A figure has two pairs of parallel sides and four right angles. The figure is translated four units down. how many parallel sides does the image have?

Answers

Additionally, the picture would contain two parallel side pairs.

What are parallel lines?

Lines that are parallel to one another on a plane do not intersect or meet at any point. They are always equidistant from one another and parallel. Non-intersecting lines are parallel lines. Parallel lines can also be said to meet at infinity.

How many sides of the picture are parallel?

The parameters are as follows:

two parallel side pairsFour equal angles.4 units less translation

A stiff transformation is the translation transformation.

This indicates that it maintains the orientation that is changing.

Two sets of parallel sides comprise the initial figure.

There would be two sets of parallel sides on the picture as a result.

To learn more about parallel lines from given link

https://brainly.com/question/28513645

#SPJ9

Which of the following is not a function? (There may be more than one answer). Explain Clearly.

Answers

Answer:

Function A is a function because the inputs on the table do not repeat any number, implying that each input has exactly one output. Function B is not a function because the inputs show that the number 6 is repeated. Function C is not a function because if we make a table, we can see that numbers repeat on the input, so Function C is not a function. Function D is a function because it would pass the vertical line test because no lines overlap with each other or have the input repeating.

Using the function concept, it is found that relations b and c does not represent a function.

When does a relation represents a function?

A relation represents a function when each value of the input is mapped to only one value of the output.

On a graph, it means that each value of x is mapped to only one value of y, that is, there are no vertically aligned points on the graph.

For this problem, relation c does not represent a function, as there are multiple values of x are related to two values of y, and there are vertically aligned points on the graph.

In item b, when x = 6, there are two values of y, hence this is also not a function.

More can be learned about relations and functions at https://brainly.com/question/12463448

#SPJ1

4. Find the base of a triangle if its height
is 2 3/4 cm and its area is 12 5/8cm². Write
your answer as a mixed number.

Answers

The base of the triangle is 9 2/11 cm.

Given the height of the triangle is = 2 3/4 cm

area of the triangle is = 12 5/8 cm²

we know the area of the triangle is = 1/2 × b × h

but base = ?

therefore, 12 5/8 cm² = 1/2 × b × 2 3/4 cm

convert improper fraction to proper fraction.

101/8 = 1/2 × b × 11/4

101/8 = 11b/8

like terms gets cancelled

101 = 11b

b = 101/11

b = 9 2/11 cm

Hence we get the base of the triangle as 9 2/11 cm.

Learn more about Triangles here:

brainly.com/question/17335144

#SPJ9

find the largest value of $n$ such that $5x^2 nx 48$ can be factored as the product of two linear factors with integer coefficients.

Answers

If we can write

[tex]5x^2 + nx + 48 = (ax + b) (cx + d)[/tex]

then expanding the right side gives

[tex]5x^2 + nx + 48 = acx^2 + (ad+bc)x + bd[/tex]

so that [tex]ac=5[/tex], [tex]ad+bc=n[/tex], and [tex]bd=48[/tex], where [tex]a,b,c,d[/tex] are integers. We want to maximize [tex]ad+bc[/tex].

5 is prime, so [tex](a,c)[/tex] can be either (1, 5) or (5, 1). Let [tex]a=5[/tex] and [tex]b=1[/tex]. Then maximizing

[tex]ad+bc=5d + c[/tex]

is just a matter of picking the largest possible value for [tex]d[/tex], which is 48. Then [tex]\max\{ad+bc\}=5\times48+1\times1=\boxed{241}[/tex].

The graph of y = |x +4|-8 is reflected across the y-axis and then translated down 2 units. What is an equation of the transformed graph?
O A. y = -|x +4|-10
O B. y= |4 - x|-6
O C. y = -|x + 4|-6
D. y= |4 - x|-10

Answers

The equation of resulting graph upon undergoing the transformations as described in the task content is; Choice B; y= |4 - x|-6.

What is the equation of the resulting graph formed from the transformations as described in the task content?

It follows from the task content that the equation of the transformed graph be determined.

First, since the graph is reflected over the y-axis, the x-value becomes negative as; -x.

Hence, the resulting equation is;

y = |-x + 4|-8

y = |4 -x|-8

Also, when the graph is translated 2 units down; we have;

y -2 = |4 -x|-8

y = |4 -x|-8 +2

y = |4 -x| -6

Read more on transformations;

https://brainly.com/question/1548871

#SPJ1

Steve is on a baseball team. Steve has hit 5 home runs in the thirty-five times that Steve has been up to bat. At this pace, how many bats would Steve need to hit twenty-four home runs?

Answers

using ratio
5:35
24:?
24/5=4.8
35x4.8=168

Simplify 4G+ 16H - 8J = 32.
Select one:

O a. G + 4H-2J = 8
O b. G + 4H-2J = 32
O c.
2G+8H4J = 16
O d.
4G+ 2H-J = 4
O e. 12(G+ H-J) = 32

Answers

A you can divide all terms by 4

In the figure below, m Z1=(x+88)° and m2=3x°.
Find the angle measures.
J
1
2
m21=
m42=

Answers

Answer:

m<1 = 111 degrees, m<2 = 69 degrees

Step-by-step explanation:

The measure of angles 1 and 2 are supplementary, (two angles adding up to 180 degrees). Using this, set up the equation:

x + 88 + 3x = 180  

4x = 108

x=23 degrees

Next, substitute 23 into the given angles:

m<1 = (23 + 88) = 111 degrees

m<2 = 23 * 3 = 69 degrees

Thus, m<1 = 111 degrees, m<2 = 69 degrees. Hope this helps




A student did six of ten problems correctly.
a. What is the ratio of the number right to the number wrong?
b. For every two answers that were wrong, how many answers were right?
5 feet.

Answers

The ratio is 3 : 2 and for every two incorrect problems he did three problems correctly.

Ratio, in mathematics, is a term  used to compare two or more numbers. It is used to indicate the size of one quantity relative to another.  In a report, two quantities are compared by division. Here the dividend is called the "prepayment" and the divisor is called the "consequence".

For example, in a group of 30 people, 17 of them like to walk in the morning and 13 of them like to ride a bike. We use the ratio formula while comparing the relationship between two numbers or quantities.

The general form of representing the ratio  between two quantities, for example "a" and "b", is a:b, read as "a is b".

i) Total number of problems =10

Correct problems = 6

Incorrect problems = 4

Ratio =  Correct / incorrect

Ratio = 6/4

Ratio = 3/2

= 3 : 2

ii) The ratio of the number of correct problems to the number of bad problems, i.e. 3:2, represents that for every three problems the student can correct, both problems are wrong.

Hence, the ratio is 3 : 2 and for every two incorrect problems he did three problems correctly.

Learn more about ratio here

https://brainly.com/question/2328454

#SPJ9

gaussian classes with distinct means, equal class prior probabilities, and common covariance matrix that is not necessarily a diagonal matrix.

Answers

The equal class prior probabilities, gaussian classes with unique means, and a common covariance matrix that isn't always diagonal. The particular choice for ∑ where d is 2 is µ[tex]_{2}[/tex]-µ[tex]_{1}[/tex].

What is a gaussian function?

A Gaussian function in mathematics is a function with the base form and parametric extension for all real constants a, b, and c that are not zero. This function is frequently referred to as a Gaussian. It bears the name of the mathematician Carl Friedrich Gauss. A Gaussian's graph has the recognizable symmetric "bell curve" shape. The parameters a and b determine the height and location of the curve's peak, respectively, while the parameter c, also known as the standard deviation or Gaussian RMS width, determines the width of the "bell." Gaussian functions are frequently used in statistics to characterize the normal distributions, in signal processing to build Gaussian filters, and in image processing where two-dimensional Gaussians are utilized for Gaussian blurring.

To learn more about gaussian function ,visit:

https://brainly.com/question/13873614

#SPJ4

|-8| tango examen mañana ayuda​

Answers

Answer:

bein estas for

Step-by-step explanation:

lerni :) kaj preterpasi

Mount Everest has an elevation of about 8850 meters.
Any location above 8000 meters is in the death zone,
which is the elevation at which there is not enough
oxygen to sustain human life. Write an inequality
that represents the possible elevations of climbers
in the death zone on Mount Everest.

Answers

The inequality that represents the possible elevations of climbers in the death zone on Mount Everest is 8000 < x ≤ 8850

How to write an inequality that represents the possible elevations of climbers in the death zone on Mount Everest.

The given parameter is'

Height = About 8850 meters

Death zone = Location above 8000 meters

Let the height be represented with x

So, the inequality that represents x is

Death zone  < x ≤ Height

This gives

8000 < x ≤ 8850

Hence, the inequality that represents the possible elevations of climbers in the death zone on Mount Everest is 8000 < x ≤ 8850

Read more about inequality at

https://brainly.com/question/24372553

#SPJ1

PLEASE HELP
also do the check ur work side to plssss

Answers

Answer:

k = -10

Step-by-step explanation:

(-8-3k)/2 = 11

Multiplying both sides with 2:

2{(-8-3k)/2} = 11(2)

-8-3k = 22

-8-3k+8 = 22 + 8

-3k = 30

k = 30/-3

k = -10

Check:

(-8-3k)/2 = 11

Putting the value of k that is -10:

{-8-3(-10)}/2 = 11

(-8+30)/2 = 11

22/2 = 11

11 = 11

Hence, it is proved that, k is, in fact, equal to -10

last one for this type of equation

Answers

Answer:

a.

t=11

A=210-14(11)

A=210-154

A=56

$56 left

b.

A=0

0=210-14t

14t=210

t=210/14

t=15

in 15 trips he'd be broke

Solve for the value of t.
Answer: t =
(6t+6)°
(7t-7)⁰
Submit Answer

Answers

Step-by-step explanation:

t = 7°

Use angles on a straight line add up to 180°.

A rectangular tank measuring 27.0 cm times 7.0 cm times 11.25 cm contains a gas sample that has a density of 0.020 g/ml what is the mass of the gas contained in the tank

Answers

The mass of gas contained in the tank is 42.525 g. It is calculated using the concept of density and volume of a substance.

What is density?

Density is generally defined as the mass per unit volume. Its representation is done using the symbol p. SI unit of density is kg / (m)3.

Calculation of the total mass of gas contained in the rectangular tank

Given:

Length of the rectangular tank, l = 27 cm

Breadth of the rectangular tank, b = 7 cm

Height of rectangular tank, h = 11.25 cm

Volume of rectangular tank = l × b × h

= 27 × 7 × 11.25

= 2,126.25 cubic cm

Density = 0.020 g/ml         (1 ml = 1 cubic cm)

Mass / Volume = 0.020

Mass = 0.020 × 2,126.25

= 42.525 g

Hence, the mass of gas contained in the tank is 42.525 g.

To learn more about the density, visit here:

https://brainly.com/question/1354972

#SPJ4

what is the value of 5^5/5^2=?

Answers

By using the exponential value calculation, the value of 5^5/5^2 is 125.

How do we calculate an exponential value?

The multiplier is represented by the base B, which is written as "B x," and the exponent "x," which indicates how many times the base is multiplied. When "8" is the base, "3" is the exponent, and the entire equation is the power, the result is 8X8X8=512.

It can be expressed as -

5⁵ / 5² = 5×5×5×5×5 / 5×5

= 5 × 5 × 5

= 5³

= 125

To learn more about exponential value from given link

https://brainly.com/question/2456547

#SPJ9

Other Questions
Wright mills developed the concept of ______ to uncover the relationship between personal troubles and public issues. Find the equation of the tangent line to the graph of the given function at the point with the indicated x-coordinate.f(x) = 6x; x = 0y= Create a verbal math expression (using words). (Your verbal expression must contain "a number" so that the algebraic expression contains a variable.) The reality is that video games aren't just for kids. There are plenty of adult gamers out there, and people seem to beneglecting that fact. Everything that they're doing is "for the kids", but everyone else is left out. They assume that themajority of people who play video games are kids, and that ignorance leads them to believe M-rated games should bestopped. But what happened to freedom of expression; did our first amendment suddenly disappear?Identify some of the inflammatory words in the texts. If black diamond were to begin focusing its business strategy on offering mountaineering tours with guides and support teams to promote outdoor tourism then this would be an example of:______. In dr. brennan's research, if the value of one variable began to decrease as the value of the other variable began to decrease, this would indicate a ________ correlation. Write an expression to represent the number of new tiles that an employee must add to an n*n square floor design to build the next design. let n represent the number of tiles along each edge of the square Which factor makes a system of government a theocracy and not a republic?aCwhen there is more than one branch of governmentwhen laws must be in line with religionwhen one leader runs the governmentwhen the people are allowed to vote for their representatives Write 44.259 in word form Solve 8 + 2g = 11 for g. Explain. How are settlement patterns in a place like North Carolina often impacted by natural disaster like Hurricane Floyd?They create a situation where the wealthy areas are devastated, but areas with high rates of poverty are spared.They create a situation where the wealthy areas are devastated, but areas with high rates of poverty are spared.They lead to coastal lands dropping in price, causing an influx in new residents.They lead to coastal lands dropping in price, causing an influx in new residents.They change because some areas may be determined to be unsuitable for human residences.They change because some areas may be determined to be unsuitable for human residences.They lead to increased population in the Mountain region as people try to avoid low lying areas. Under the constructivist worldview, questions are ____ and ____ to find the meaning of a situation. Which length should be recorded for the objet list the factors of 12 A data breach is the protection of secure data in an unsecured environment.True or False.IT law is a branch of law that provides a legal framework for collecting, storing, and distributing electronic information. True or False. A rental car company charges prices based on the number of daysyou rent the car. If you only rent it for up to 4 days, it will cost a flatfee of $50 plus $25 per day rented. If you rent it for more than 4days, they only charge you a flat fee of $45 and $20 per day rented.How much will you owe if you rent the car for 7 days? Multiple Choice QuestionWhat contribution did the early Venetians make to the practice of management?O Describing the importance of leadership in The Art of WarO Considering the role of specialization in a manufacturing settingO Standardizing production with assembly lines and inventory controlsO Being the first to recognize management as a scientific practice how do you write slope-intercept form of the equation of each line given the slope and y-intercept. slope: -5/4y-intercept: 4 what is the problem0.57+1.825 Did the Magna Carta influence the American colonists ideas about government? A. No, it was a document read only in England and did not influence the American colonists. B. No, it was an agreement between some of the American colonists to follow rules when they established their colony. C. Yes, it was an example of a limited monarchy in England, and explained that the monarch should not have unrestricted powers. D. Yes, it was a contract between early English settlers and was used to set up all of the American colonies.