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Ede4ka [16]
4 years ago
12

When your friend returns from a study abroad, he reports back to you on the very different foods that people in his host country

ate. he explains that to them it's normal, that people in different cultures do things differently, and that he learned not to make value judgments. this is known as: cultural con games. high culture. counterculture. cultural relativism?
Business
2 answers:
aliya0001 [1]4 years ago
6 0

Answer:

This is known as cultural relativism

Explanation:

Cultures vary broadly in their values with no clear way to fix the distinction. Cultural relativism refers to the ability to understand that a person's beliefs, values, and practices should be understood based on its own terms and not to make judgments using the standards of one's own culture. The aim  of cultural relativism is to promote understanding of cultural practices that are not typically part of one's own culture.

Stolb23 [73]4 years ago
5 0

Cultural relativism is the concept that similar actions in different parts of the world have different meanings because the cultural interpretation of that action.

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when property other than cash is invested in a partnership, at what amount should the noncash property be credited to the contri
Alex787 [66]

Answer:

It should be credited at the amount of the fair value at the date when the property is invested in a partnership.

Explanation:

The non cash property should be credited at the amount of its fair value on the date of the investment, so if someone wants to invest their building in a partnership it will be recognized at the fair value decided between the investor and the partnership owners at the date at which it is invested.

3 0
3 years ago
Question 7 (multiple choice)
Rufina [12.5K]
The answer is A. $297.99
367.99-45-25=$297.99
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8 0
3 years ago
Read 2 more answers
The Clyde Corporation's variable expenses are 25% of sales. Clyde Corporation is contemplating an advertising campaign that will
ddd [48]

Answer:

Effect on income= $40,275 increase

Explanation:

Giving the following information:

The Clyde Corporation's variable expenses are 25% of sales.

Increase in fixed costs= $18,900

Increase on income= $78,900

T<u>o calculate the effect on income, we need to use the following formula:</u>

Effect on income= increase in contribution margin -  increase in fixed costs

Effect on income= (78,900*0.75) - 18,900

Effect on income= $40,275 increase

3 0
3 years ago
Eleanor spends all of her money on magazines and donuts. In 2014, she earned $14.00 per hour, the price of a magazine was $7.00,
Alexandra [31]

Answer;

1. A. Eleanor's wage is $14.00 per hour in 2014.

B. The price of a donut is $1.00 in 2014.

When a variable is stated in nominal terms, it is usually given as a fixed monetary value because it is not adjusted for inflation. It therefore mentions just the price as is.

2. A. Eleanor's wage is 14 donuts per hour in 2014.

B. The price of a magazine is 7 donuts in 2014.

When goods are described in real terms, they are related to another good in order to adjust them for inflation.

3. The price of a magazine is $14.00 and the price of a donut is $2.00.

In 2019, the relative price of a magazine is <u>7 donuts.</u>

The relative price = Price of Magazine/ Price of donuts

= 14/2

= 7 donuts.

4.  Between 2014 and 2019, the nominal value of Eleanor's wage <u>increases</u>, and the real value of her wage <u>remains the same</u>.

As a result of the increase in money supply, Eleanor's wages increased nominally from $14 to $28.

However, in real terms her wages did not increase at all because the price level in the economy increased by the same rate that her wages increased meaning that she is still only able to buy the same quantity of things.

5. Monetary neutrality is the proposition that a change in the money supply <u>affects</u> nominal variables and <u>does not affect</u> real variables.

From Eleanor's example above, the concept of Money Neutrality is shown in that while a change in money supply will affect nominal variables, it will not affect real variables due to a general rise in prices.

6 0
3 years ago
Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gas grill, a larger stationary
mixas84 [53]

Answer:

1.

<u>Sales mix</u>

Portable grills = 20000/75000 = 4/15 or 26.67%

Stationary grills = 50000/75000 = 2/3 or 66.67%

Smokers = 5000/75000 = 1/15 or 6.67%

2.

<u>Break even in units</u>

Overall = 2128500 / 66   = 32250 units

Portable = 32250 * 4/15 = 8600

Stationary = 32250 * 2/3 = 21500

Smokers = 32250 * 1/15 = 2150

Explanation:

1.

The sales mix is the proportion of sales in units that each product holds in the in relation to the total overall sales in units of all products. The sales mix is calculated as follows,

Sales mix proportion of Product A = Sales in units Product A/Total number of sales in units of all products

The total number of sales in units of all products is,

Total sales in units = 20000 + 50000 + 5000 = 75000 units

<u />

<u>Sales mix</u>

Portable grills = 20000/75000 = 4/15 or 26.67%

Stationary grills = 50000/75000 = 2/3 or 66.67%

Smokers = 5000/75000 = 1/15 or 6.67%

2.

We will compute the overall break even point in units in then divide it according to the sales mix to calculate the break even in units of each product.

To calculate the overall break even in units, we need to determine the weighted average contribution per unit.

Weighted average contribution per unit = 4/15 * (90 - 45)  +  2/3 * (200 - 130)  +  1/15 * (250 - 140)

Weighted average contribution per unit = 66

<u />

<u>Break even in units</u>

Overall = 2128500 / 66   = 32250 units

Portable = 32250 * 4/15 = 8600

Stationary = 32250 * 2/3 = 21500

Smokers = 32250 * 1/15 = 2150

5 0
3 years ago
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