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3 years ago

Why do cultural universal exist

1 answer:

6 0

Cultural universals (elements of a culture that exist in every society such as food, religion, language, etc.) exist because all cultures have basic needs and they all develop common features to ensure their needs are met. Ethnocentrism is seeing your culture as superior to others.

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a personal account earmarked as a retirement supplement contains $292,200. suppose $250,000 is used to establish an annuity that

Hoochie [10]

Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $6000 at the end of each quarter. It will take about 120 quarters until the account balance reaches $0.

Amount invested (Present value) = $250000

Quarterly payment (At the end of each quarter) (P) = $4500

Interest Rate (Quarterly) (r) = 6% /4

= 1.5% = 0.015

A number of quarters (n) = ?

Future value at the end = 0

Present value of Annuity formula:

Present value = P × $(1-(1+r))^{(-n)} / r$

250000 = 4500 × $(1-((1+0.015))^{(-n)} / 0.015$

250000 = 300000 × $(1-((1+0.015)}}^{(-n)}$

250000 / 300000 = $1-(1+0.015)^{(-n)}$

0.83333 = $1-(1.015)^{(-n)$

n = 120

Hence is shall take 120 Quarters until the account balance is $0.

To learn more about account balance

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3 0

1 year ago

A combination of high crude oil prices and government subsidies for ethanol have led to a sharp increase in the demand for corn

Firlakuza [10]

Answer:

a) Increase

b) Increase

c) Increase

d) Increase

e) Increase

Explanation:

a) The price of corn

The increase in the demand for corn will cause an increase in the price of corn

b) The quantity of corn supplied

The quantity of corn supplied will increase rapidly in the short run before equilibrium will be established in the market

c) The cost of producing soybeans and wheat crops will Increase due to the High demand for corn hence the supply will decrease as well

d) The price of cereals and other products produced from corn will Increase as well

e) The price of beef and other meat gotten from animals that fed on Corn will Increase as well because the cost of their feed will increase

3 0

3 years ago

Which of the following reflects the order of operations?

Gnesinka [82]

If you are talking about the priority of the order of operations. It is C.

5 0

3 years ago

Read 2 more answers

Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product

Troyanec [42]

Answer and Explanation:

Given:

Product 1 Product 2 Product 3

Cost of product $20 $90 $50

Selling price $40 $120 $70

Selling cost $6 $40 $10

Computation:

Product 1 Product 2 Product 3

Product Cost $20 $90 $50

N.R.V ($40-$6)=$34 ($120-$40)=$80 ($70-$10)=$60

Per Unit Inventory Value $20 $90 $50

4 0

3 years ago

As winner of a breakfast cereal competition, you can choose one of the following prizes: a. $180,000 at the end of five years. b

Stolb23 [73]

Answer:

i. Discounted cashflow equations.

a. $180,000 at the end of five years.

This is a lump sum present value/ discounted cashflow which can be calculated as;

Formula = 180,000 / ( 1 + r)^n

= 180,000/ ( 1 + 12%)^5

= $102,136.83

b. $11,400 a year forever

This is a perpetuity. The present value/ discounted cashflow of a perpetuity is calculated as;

Formula = Amount/rate

= 11,400/12%

= $95,000

c. $19,000 for each of 10 years.

This is an annuity. The formula for calculating the Present value/ discounted cashflow of an annuity is;

$Formula = Annuity * [\frac{( 1 - (1 + i)^{-n} )}{i} ]$ where i is interest rate and n is number of periods

$= 19,000 * [\frac{( 1 - (1 + 0.12)^{-10} )}{0.12} ]$

= $107,354.24

d. $6,500 next year and increasing thereafter by 5% a year forever.

This is a growing perpetuity. The present value/ discounted cashflow formula is;

= Amount / ( discount rate - growth rate)

= 6,500 / ( 12% - 5%)

= $92,857.14

ii. Choose $19,000 for each of 10 years as it has the highest present value.

7 0

3 years ago