Complete the statements regarding financial agencies.

The hospitality and tourism industry grew out of what activity?

netineya [11]

Trading of goods because people came back for more

5 0

3 years ago

Man is termed an 'economic animal' because he a) has the ability to understand economic activities b) lives a life which is gove

Vinvika [58]

Answer:

The conception of man as an economic animal is implied by the view that economic production is the determining “factor” or “sphere” of man or society. Against this conception can be put another, that of man as praxis. This takes account of man as a creative being, capable of realizing his freedom through his own activity. In this article the theory of the determining role of the “economic factor”, and the theory of factors in general have been examined. The economic interpretation of history, a variant of the theory of factors, has been acknowledged as partly true for the self‐alienated man and society, but the theory of factors in any variant has been found inadequate as a general theory of man, or society. The possibility of freedom cannot be reduced to the fact that the determining roles played by “factors”, vary, or to the hope that the economic “factor” can be subordinated to a “better” one. Man's freedom consists in his resolving the conflict of “factors”, and in realizing himself as an integral creative being, no longer split into independent and mutually opposed spheres.

Explanation:

that should help

5 0

3 years ago

5. You just won a state lottery, and you will receive $15,000 at the end of each of the next 10 years, and $20,000 at the end of

Zepler [3.9K]

The present value of the lottery prize is $168,984.49($168,984 rounded to the nearest dollar amount)

What is the present value of all lottery annual cash flows that would last for 15 years?

The present value of the state lottery is today's equivalence of all future cash inflows, more like the cash prize of the lottery if paid as a lump sum today, which can be determined by discounting all future cash flows using the present value formula of a single cash flow provided below:

Note that the discount rate of 5% was omitted from the question

PV=FV/(1+r)^N

FV=each future cash flow

r=discount rate=5%

N=year of cash flow, 1 for year 1 cash flow, 2 for year 2 cash flow and so on

PV=$15,000/(1+5%)^1+$15,000/(1+5%)^2+$15,000/(1+5%)^3+$15,000/(1+5%)^4+$15,000/(1+5%)^5+$15,000/(1+5%)^6+$15,000/(1+5%)^7+$15,000/(1+5%)^8+$15,000/(1+5%)^9+$15,000/(1+5%)^10+$20,000/(1+5%)^11+$20,000/(1+5%)^12+$20,000/(1+5%)^13+$20,000/(1+5%)^14+$20,000/(1+5%)^15

PV=$168,984.49

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5 0

2 years ago

The CEO of Transector, Inc., set a 6.5 percent rate-of-return target for all divisions for the past year. Now, at the end of the

lesya692 [45]

Answer: Competitive type of the multi-divisional structure

Explanation:

Here, in this particular case, using the given information we can state that Transector Inc. is using the <em>competitive form of the multi-divisional corporate structure</em>. In this multi-divisional structure, there tends to lie one parent organization which usually consists of several different divisions and sub-divisions that are known to operate distinguished businesses. In legal terminology, the parent organization is known to own all the divisions, but they are also known to provide them with significant autonomy, in order for them to work independently.

6 0

3 years ago

Net operating working capital is equal to operating current assets minus operating current liabilities.

Alex73 [517]

Net operating working capital (NOWC) is the excess of working current belongings over running present-day liabilities.

Running capital, additionally called net running capital, represents the difference between an organization's modern-day property and cutting-edge liabilities. working capital is a measure of an employer's liquidity and quick-time period economic health.

Operating working capital focuses more on operations, while net running capital looks in any respect for property and liabilities. net working capital is more comprehensive because it represents the cash and other cutting-edge property a corporation has every day daily running and growing its enterprise.

Internet running capital is an economic metric that gauges the difference between an employer's non-interest-bearing running belongings and its non-hobby charging running liabilities.

Learn more about working capital here: brainly.com/question/26214959

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8 0

2 years ago