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3 years ago

Which statement about ethnocentrism is most accurate?

Business

1 answer:

Alexus [3.1K]3 years ago

4 0

Answer:

Ethnocentrism causes us to judge others by our own values.

Ethnocentrism causes us to judge others by our own values. Ethnocentrism is the belief in the superiority of one's own culture. This belief is a natural attitude found in all cultures, and it causes us to judge others by our values.

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Fooling Company has a callable bond outstanding with a coupon of 12.2 percent, 25 years to maturity, call protection for the nex

sashaice [31]

Answer:9.5354% or 9.6%

Explanation:

PMT = coupon (interest) payment = 12.2 % * $1,000 = $120

Let t = time left until bond is called = 10 years

Let F be the face value = $ 1,100 ($ 1,000 + $ 100 (Call premium))

Let the Current bond price = 110 % x 1,000 = $1,100

Now,

The bond price is = PMT x 1-( 1 + r )⁻t / r + F/(1 + r )t

Therefore,

1100 = 100 x 1 - (1 + r)⁻¹⁰/r + 1100/(1 + r)¹⁰

Using the trial and error method,

r= 9.5354%

Then the yield to call (YTC) = 9.5354

9.5354%

5 0

3 years ago

Last year Oliver Inc had a total assets turnover of 1.60 and an equity multiplier of 1.85. Its sales were $200,000 and its net i

schepotkina [342]

Answer:

7.4%

Explanation:

As we know that

ROE = Profit margin × Total asset turnover × Equity multiplier

where,

Profit margin = (Net income ÷ Sales) × 100

= ($10,000 ÷ $200,000) × 100

= 5%

So, the ROE would be

= 5% × 1.60 × 1.85

= 14.8%

Now if the net income is increased by $5,000

So, the updated profit margin would be

= (Net income ÷ Sales) × 100

= ($15,000 ÷ $200,000) × 100

= 7.5%

And updated ROE would be

= 7.5% × 1.60 × 1.85

= 22.2%

So, the change in ROE would be

= 22.2% - 14.8%

= 7.4%

4 0

4 years ago

Creating an endowment Personal Finance Problem On completion of her introductory finance course, Marla Lee was so pleased with

Nana76 [90]

Answer:

Course cost netxt year: 919.8

Perpetuity fund at 6% return: 24,205.27

Perpetuity funds at 8% return: 15,858.63

Explanation:

1 student 300

3 student 900

it grows at 2.2% per year

the return on the fund will be of 6%

The cost of the couse for next year will be:

900 x (1+2.2%) = 900 x 1.022 = 919.8

The perpetuity will be calculate as follow:

$\frac{cost}{return-growth} = Perpetuity$

$\frac{919.8}{0.06-0.022} = Perpetuity$

Perpetuity fund: 24205.26316

Ifthe return is for 8% per year:

$\frac{919.8}{0.08-0.022} = Perpetuity$

Perpetuity funds: 15858.62069

8 0

3 years ago

Andretti Company has a single product called a Dak. The company normally produces and sells 87,000 Daks each year at a selling p

Talja [164]

I’m sorry this isn’t an answer I’m just trying to ask a question sorry for waiting ur time

3 0

3 years ago

Molly sells bracelets to Jean's Place, a boutique store. Molly is scheduled to deliver 100 bracelets on July 1. On June 15, Jean

BabaBlast [244]

Answer: False

Explanation:

The contract is such that Molly agreed to bring bracelets if Jean would pay for said bracelets.

The terms of the contract therefore are that Jean would pay and Molly would deliver. Jean then calls Molly and says that they will be unable to pay which means that they are not going to be able to hold up their responsibilities in the contract.

Molly has the right to then cancel the contract because the other party will not be able to perform their obligations and face no repercussion for it.

6 0

3 years ago