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2 years ago

Why is the primary sector important to the South African economy?

Business

1 answer:

Fynjy0 [20]2 years ago

4 0

Answer:

However, the economy has been characterised by a structural shift in output over the past four decades.

Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.

Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, retail, financial services, communications, mining, agriculture and tourism.

Explanation:

South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.

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A company will make $74,000 in annual revenue each year for the next seven years from a new investment. The interest rate of 7.2

UkoKoshka [18]

Answer:

The present value is $395,354.84

Explanation:

The computation of the Present value is shown below

= Present value of all yearly cash inflows after applying discount factor

The discount factor should be computed by

= 1 ÷ (1 + rate) ^ years

where,

rate is 7.25%

Year = 0,1,2,3,4 and so on

Discount Factor:

For Year 1 = 1 ÷ 1.0725 ^ 1 = 0.9324

For Year 2 = 1 ÷ 1.0725 ^ 2 = 0.8694

For Year 3 = 1 ÷ 1.0725 ^ 3 = 0.8106

For Year 4 = 1 ÷ 1.0725 ^ 4 = 0.7558

For Year 5 = 1 ÷ 1.0725 ^ 5 = 0.7047

For Year 6 = 1 ÷ 1.0725 ^ 6 = 0.6571

For Year 7 = 1 ÷ 1.0725 ^ 7 = 0.6127

So, the calculation of a Present value of all yearly cash inflows are shown below

= (Year 1 cash inflow × Present Factor of Year 1) + (Year 2 cash inflow × Present Factor of Year 2) + (Year 3 cash inflow × Present Factor of Year 3) + (Year 4 cash inflow × Present Factor of Year 4) + (Year 5 cash inflow × Present Factor of Year 5) + (Year 6 cash inflow × Present Factor of Year 6) + (Year 7 cash inflow × Present Factor of Year 7)

= ($74,000 × 0.9324 ) + ($74,000 × 0.8694 ) + ($74,000 × 0.8106 ) + ($74,000 × 0.7558 ) + ($74,000 × 0.7047 ) + ($74,000 × 0.6571 ) + ($74,000 × 0.6127 )

= $68,997.67 + $64,333.49 + $59,984.61 + $55,929.70 + $52,148.91 + $48,623.69 + $45,336.77

= $395,354.84

We take the first four digits of the discount factor.

4 0

3 years ago

_____ holds data when the computer is off or during the course of a program's operation.

aliya0001 [1]

The word to fill the blank space is "S<span>econdary Memory".
Complete sentence will be as below:

</span>Secondary memory <span>holds data at a time when the computer is not on an/or at a time when a program is operating its functions.
</span><span>This part also serves as archival storage, it is used when someone needs to store huge amount of data and for a longer period of time.</span>

8 0

3 years ago

The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known a

ipn [44]

The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known as arbitrage. This statement is true.

<h3>What Is Arbitrage?</h3>

The arbitrage approach, used in foreign exchange trading, allows investors to lock in profits by simultaneously buying and selling the same security, good, or currency on two different marketplaces. By using this strategy, traders can profit from the disparities in pricing for the same asset across the two different regions that are represented on each side of the trade.

Arbitrage is the practice of purchasing an underpriced security and selling an equivalently-priced asset until the prices converge. Trading on illegal insider knowledge may result in abnormal profits even if the efficient market theory is accurate in a semi-strong sense.

To know more about Arbitrage, refer:

brainly.com/question/16178885

#SPJ4

7 0

1 year ago

Eckman Company purchased equipment for $120,000 on January 1, 2017, and will use the double-declining-balance method of deprecia

Aleksandr-060686 [28]

Answer:

A. $17,280.

Explanation:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 5

= 20

Now the rate is double So, 40%

In year 2017, the original cost is $120,000, so the depreciation is $48,000 after applying the 50% depreciation rate

And, in year 2018, the ($120,000 - $48,000) × 40% = $28,800

And, in year 2019, ($120,000 - $48,000 - $28,800) × 40% = $17,280

Hence, the first option is correct

5 0

3 years ago

Stefanie opens a checking account at her neighborhood bank and writes a check on her account. The legal relationship between Ste

Bingel [31]

Answer:

c. An agency relationship

Explanation:

An agency relationship is a mutual relationship, in which one person (i.e the principle ) gives a permission to an agent so as to act on their behalf.

In this relationship the agent must consent to the instructions of the person i.e the principle.

Here in the question, Stefanie acting as Principal who has directed the agent (which is the bank in the given case ) to execute a task.

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3 years ago

Why is the primary sector important to the South African economy?​

Why is the primary sector important to the South African economy?