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sp2606 [1]
3 years ago
10

Most recent work on the history of leisure In Europe has been based on the central hypothesis of a fundamental discontinuity bet

ween preindustrial and industrial societies. According to this view, the modern idea of leisure did not exist In medieval and early modern Europe: the modern distinction between the categories of work and leisure was a product of Industrial capitalism. Preindustrial societies had festivals (together with Informal and Irregular breaks from work), while industrial societies have leisure in the form of weekends and vacations. The emergence of leisure is therefore part of the process of modernization. If this theory is correct, there is what Michel Foucault called a conceptual rupture between the two periods, and so the v
Business
1 answer:
Ostrovityanka [42]3 years ago
5 0

Answer:should be noted that, first paragraph of the passage enlightens us on the difference between preindustrial and industrial society in Europe and how great was it to an extent that “the modern

distinction between the categories of work and leisure” (lines 4-5) cannot be reasonably applied to the former, which implies that there exists a discontinuity between the two periods.

Furthermore, the second paragraph argues that the discontinuity approach can accommodate historical data.

On a final note, the third paragraph admits that, while it is very useful in some aspects, this approach “can pose problems of its own” (line 25) and it then briefly describes these problems. All this points to Choice E as correct.

The word “dichotomy” as it appears in the last paragraph of the passage. One of the key claims there is that the dichotomy “reduces a great variety … to the simple formula” (lines 31-33). Therefore Choice C is correct.

More so, “Simple dichotomy” is also mentioned in line 26. The passage states that this dichotomy “remains of use in so far as it reminds us that the rise of industrial capitalism” (lines 28-29) was not just an economic phenomenon, but also a social and a cultural phenomenon. This points to Choice A as correct.

We should also not forget that, the main purpose of the passage is to discuss the idea of “the central hypothesis of a fundamental discontinuity between preindustrial and industrial societies” (lines 1-3) in terms of the development of the concept of leisure. Large volume of the passage is focused on demonstrating the usefulness of this hypothesis; nonetheless, the second part of the third paragraph mentions some “distortions” (line 31) that may result if the hypothesis is accepted. Therefore Choice B is correct. Choices A, D, and E are incorrect, as only one hypothesis/solution is discussed in the passage. Choice C is incorrect, as the passage does not mention that the “distortions” (line 31) caused by accepting the hypothesis are illusory

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Answer:

4.96%

Explanation:

In order to determine the component after-tax cost of debt first we need to  compute the before tax cost of debt by applying the RATE formula which is to be shown in the attachment below:

Given that,  

Present value = $1,155

Future value or Face value = $1,000  

PMT = 1,000 × 8.25% ÷ 2 = $41.25

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The formula is shown below:  

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The present value come in negative  

So, after applying the above formula

1. The pretax cost of debt is 3.54%  × 2 = 7.08%

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= Pretax cost of debt × ( 1 - tax rate)

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3 years ago
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The banking system in the United States is referred to as a fractional reserve bank system because banks hold a fraction of deposits on reserve.

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The reserve bank acts as a regulator and supervisor of the general financial system. This injects public self-belief into the countrywide economic gadget, protects hobby costs, and gives wonderful banking alternatives to the general public. Subsequently, the RBI acts as the company of countrywide forex.

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the audit working paper that reflects the major components of an amount reported in the financial statement is the
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The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.

<h3>What is the Lead Schedule?</h3>
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