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1 year ago

Which comprised thousands of families, generally each performed a particular economic activity?

1 answer:

3 0

The kinship units comprised thousands of families where each performed a particular economic activity. Jati is the Sanskrit name that is given to such kingship units.

Jati is the traditional term used to describe a cohesive group of people in India. This is similar to a tribe, community, clan, sub-clan, or religious section of people. Each Jati has an association with economic activity, geography, or tribe. Different linguistic groupings and religious beliefs may also define some Jatis.

The Sanskrit word Jati means 'birth.' The term Jati is used for the thousands of clans, families, and communities. This may also refer to a caste within the Hindu family. Madhav Gadgil who is a professor has Jatis as self-governing and closed communities. This was based on the research done by him in ancient Maharastra.

Learn more about kinship units here:

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adoni [48]

Answer:

$1,000.69

Explanation:

For computing the monthly car payment we need to apply the PMT formula i.e to be shown in the attachment below

Provided that

Present value = $38,000

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NPER = 48 months

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The formula is shown below:

= PMT(RATE;NPER;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the monthly car payment is $1,000.69

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4 years ago

Having thought about Mr. James's suggestion, you consider several options as an estimate of lost profits. These include 1) the f

podryga [215]

Answer:

The most accurate estimate of lost profits is

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Explanation:

In this case, after Mr James' suggestions, I consider several options as an estimate of lost profits, which are:

1) The full year: In this case the the entire data for the year would be considered for estimation.

2) The last six months: Here, half of the year's data would be considered for estimation.

3) Weighted average that gives twice the weight to the last six months as to the first six months: This means that the data for the most recent months should be given more weight more than the first six months. It means that the most recent data would be more accurate than that of the first 6months, and the most recent data should be trusted more than the data of the previous 6 months.

Here, a ratio of 2:1 is used to assign weight to the last six months and first six months respectively.

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Therefore, the weighted average gives the most accurate estimate of lost profits as in option (3) because it considers the most recent data.

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3 years ago

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Variable costs change based on the amount of output produced. Variable costs may include labor, commissions, and raw materials.

Fixed costs remain the same regardless of production output. Fixed costs may include lease and rental payments, insurance, and interest payments.

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Variable costs are costs that change as the volume changes. Examples of variable costs are raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies, and credit card fees. In some accounting statements, the Variable costs of production are called the “Cost of Goods Sold.”

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Fixed costs include any number of expenses, including rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities. For instance, someone who starts a new business would likely begin with fixed costs for rent and management salaries.

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