You deposit $2200 in an account which pays 3% interest. So, the balance if the interest is compounded continuously will be $3450.29
Given,
Deposit = $2200
Interest = 3%
Balance if the interest is compounded continuously?
[tex]A = Pe^{xt}[/tex]
Where, x is the interest rate and where t is the related time.
A= $2200e 3/100 × 15
= $3450.2868
Hence, the balance if the interest is compounded continuously will be $3450.29
Here, the compounding is considered to be a powerful investing concept which thus tends in order to involve earning the returns on both your original investment and on the returns you received previously.
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PlastiPharm performs a process capability analysis for all processes for new products and repeats the process every six months thereafter. During the analysis, equipment is evaluated to determine if it operates within quality standards. Additionally, the production environment is evaluated to ensure that all factors affecting the process meet the same standards. Which of the following statements best explains why the analyses are conducted?
A process capability analysis helps determine how well a process meets the needs of a customer.
A process capability analysis shows the extent of improvements being made.
A process capability analysis compares the performance of a process to determine improvement.
A process capability analysis demonstrates when a process is stable and performing well.|\
The first statement "A process capability analysis helps determine how well a process meets the needs of a customer" explain why the analyses are conducted.
What is Process Capability?A statistical measure of the inherent process variability of a property is called process capability. Capability studies can be used to assess the ability of a process to meet specifications.
Process capability example 1: Ice cream parlor ice cream must be served at a temperature between -15 and -35 degrees Celsius. Temperature is maintained by a cooling process with a standard deviation (SD) of 2 degrees Celsius. Moreover, this temperature averages -25 degrees Celsius. In general, the higher the Cpk i, the better it is. A Cpk value less than 1.0 indicates that the process is incompetent and bad. Values above 1.33 are considered efficient and values between 1.0 and 1.33 are considered very inefficient. However, you should aim for a Cpk of 2.00 or higher whenever possible.
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What is the difference between recognizable and decidable?
If a machine accepts strings that are in the language and rejects strings that are not in the language, the language is said to be decideable. A language is said to be Turing Recognizable if a Turing Machine can understand it.
What distinguishes identifiable from decidable in TM? When a machine will accept strings written in a language and reject strings written in another language, that language is said to be decideable.Turing is a language.Identifyable if a Turing machine can identify it.Understandable LanguageIf L = L, then language L is recognized by Turing machine M. (M).If TM M exists such that L = L, then L is considered Turing-recognizable (or just recognizable) (M).Decision-Making Language.In the case when L = L(M) and M halts on all inputs, a Turing machine M determines the language L.A language that can be recognized by a Turing machine that halts for all inputs, or one for which membership can be determined by an algorithm that halts on all inputs in a finite number of steps.Also known as entirely decidable language and recursive language.To learn more about decidable in TM refer
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For which item below might a bank issue a credit memorandum to a depositor's account?
-Monthly service charges
-Outstanding checks
-Interest earned
-An NSF check
A document issued by a bank to credit (increase) a depositor's account is known as an interest earned credit memorandum.
What exactly is a credit memorandum?A seller who offers goods or services gives a customer a credit memorandum, which is sometimes shortened to credit memo. The memo is sent out as a way to get the customer to pay less. The most typical kind of credit memorandum is an invoice that has already been paid for the deduction.
A different kind of credit memorandum effectively accomplishes the same thing. When a person's checking account is increased for a specific transaction, a credit memo is sent by the bank.
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The River City Council, the Santa Clara County Board, the Texas state legislature, and the U.S. Congress enact laws. These laws constitute
Legislative acts that are approved by the executive branch constitute statute law.
What is the meaning of statutory law?Statutory law is defined as a rule of law created by a legislative act that has been approved by the executive. Acts are approved by Congress and signed by the President of the United States to become federal statutory law.
Statutory law can be found in either codified laws or collections of statutes. The wording of the codes and compilations is the same, but their formats are different.
There are four principles for interpreting statutes: literal rule, golden rule, mischief rule, and purposeful method.
Major constitutional amendments are made using the statute law process. A Statute Law can only be repealed by Parliament due to Parliamentary Sovereignty, which prevents any other method of repeal.
Therefore, the answer is Statutory law.
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Most economists believe that the higher average salaries earned by men in comparison to women arise from a. a variety of factors, including differences in human capital, compensating differentials, and discrimination. b. differences in human capital as the primary reason. c. a variety of factors, including differences in human capital and compensating differentials; few economists believe that gender discrimination in earnings exists. d. discrimination.
Most economists believe that the higher average salaries earned by men in comparison to women arise from differences in human capital as the primary reason.
An economist is a professional and practitioner of economics, a social science subject. There are numerous sub-fields within this field, ranging from broad philosophical theories to the focused study of minutiae within specific markets, macroeconomic analysis, microeconomic analysis, or financial statement analysis, all of which involve analytical methods and tools such as econometrics, statistics, economic computational models.
Economists operate in several domains including academia, government and in the commercial sector, where they may also "analyze data and statistics in order to detect patterns in economic activity, economic confidence levels, and consumer attitudes.
Hence the correct option is B
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Upgrading the air conditioning in a particular building on campus would result in cost of maintenance savings of $190 per year for the first three years and $400 per year for the next six years. If maintenance costs are the only consideration, the maximum amount to spend now on the project at 5% interest is _____________. A. 1985.36 B. 2271.25 C. 2698.65 D. 2741.52
The correct option according to the given information will be C. 2698.65. This can be computed by:
Using,
190 (P/A, 5%, 3) + 400 (P/A, 5%, 6) × (P/F, 5%, 3)
Any expense made by a person or organisation to keep their assets in excellent operating order is referred to as a maintenance expense. These expenses could be used for routine item maintenance. Maintenance expenses are the one-time or ongoing expenses a business has to pay to maintain its buildings, assets, vehicles, and equipment.
Some businesses pay these expenses for routine upkeep or preventative measures that preserve their assets in good condition. The cost of maintenance may be constant or variable. If maintenance has a cost per unit and is required for each product, it would be a variable cost.
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Which best defines utility? Multiple choice question. The utilization of economic resources by producers when engaging in production The satisfaction or pleasure obtained from producing a good or service The utilization of economic resources by consumers when engaging in consumption The satisfaction or pleasure obtained from consuming a good or service
B. The satisfaction or pleasure obtained from consuming a good or service best defines utility.
Utility is a term used in economics to describe the value or worth of a good or service. Utility is more exactly the overall satisfaction or benefit obtained from using a good or service.
It is a common assumption in economic theories of rational choice that customers will attempt to maximize their utility. Understanding a good or service's economic utility is crucial since it has a direct impact on its demand and, consequently, price.
Consumer utility is typically impossible to gauge or quantify in practice. However, some economists think that by using several models, they can indirectly evaluate the usefulness of an economic commodity or service.
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Understanding the structure of commercial banks and the services/products that they provide is essential for the successful leadership of any commercial enterprise. While fundamental knowledge of the industry as a whole is important, it is equally crucial to assess the risk profile of counter-parties to ensure that appropriate steps have been taken to mitigate this risk as much as possible.
To understand the risk associated with corporate banking activities more, prepare a written response to the following questions:
What is meant by off-balance sheet activity?
What specific types of off-balance-sheet items would you expect for commercial banks?
How does an off-balance-sheet item move onto the balance sheet?
How do you assess the risk of off-balance-sheet items?
Receiving deposits and disbursing loans are two of a commercial bank's main duties. Deposits might be time, current, or savings deposits.
What is commercial bank and its functions?A commercial bank is a type of financial organisation that manages all operations relating to public money deposits and withdrawals, lending money for investments, and other similar activities. These institutions are for-profit banks that operate solely for financial gain. Commercial banks include ICICI, State Bank of India, Axis, and HDFC. In addition to loans, credit cards, lines of credit, and other services, retail banking also offers checking and savings accounts to customers.
Business customers typically receive financing, underwriting, letters of credit, lines of credit, checking and savings accounts, and other services from commercial banks. Financial institutions that handle checking accounts, offer deposit acceptance, and make loans are referred to as commercial banks. Additionally, they give both people and small businesses access to fundamental financial products like savings accounts and certificates of deposit (CDs).
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Which of the following assigns a value to the hourlyWage member of employee[2]?
A) employee[2]->hourlyWage = 50.00;
B) employee2.hourlyWage = 7.50;
C) hourlyWage[2].employee = 29.75
D) employee[2].hourlyWage = 100.00;
E) None of these
Employee[2].hourly Wage = 100.00 is the correct value in this case.
Hence, Option D is correct
First, calculate the total number of hours worked by multiplying the number of weeks in a year by 52. Divide this figure by the annual salary. For example, if an employee earns $50,000 per year and works 40 hours per week, his or her hourly rate is $50,000/2,080 (40 x 52) = $24.04.The hourly rate. noun [C] WORKPLACE, HUMAN RESOURCES. the sum of money charged, paid, or earned for each hour worked: Rather than paying for the products that the advisers sell you, you pay a fixed or hourly rate for their time. Salaries are fixed payments that are usually calculated on an annual basis. Hourly pay is based on an agreed-upon hourly rate.To know more about hourly rate here
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The reason distributors embody economies of scale is that certain per unit costs are lower with each increasing unit. Which of the following costs are subject to this phenomenon ?
A) Shipping
B) Transportation
C) Handling
D) All of the above
All of the above costs are subject to economies of scale when it comes to distributors. So option D is the correct answer.
Shipping costs can be reduced when larger orders are placed, as the per-unit cost of shipping is lower when more units are shipped in a single shipment.
Transportation costs can also be reduced when large orders are placed, as the cost per item is lower when more items are transported at once.
Finally, handling costs can also be reduced when larger orders are placed, as the cost per item is lower when fewer items need to be handled on a per-order basis. All of these costs can be reduced when economies of scale are taken into account, making distributors more efficient and cost-effective.
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Compute the "Per capita GDP", which can be obtained by dividing the GDP for each state by that state's population. This number helps economists compare the economic activity between regions that have different population sizes. (Round your answers to nearest dollar. )
GDP per capita rises if population growth is slower than economic growth, while it falls the other way around.
What do you meant by Per capita GDP?GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.
The purchasing power parity (PPP) GDP per capita (current international dollars) is calculated by dividing the GDP by the midyear population. The GDP is the total value of goods and services produced by resident producers in an economy for final consumption, regardless of how much of that value is allocated to domestic and foreign claims.
gross private investment plus government spending plus investment plus government spending plus private consumption (exports – imports). "Per capita" is short for "per head." Gdp per capita = Gdp amount divided by population.
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How many types of economic systems are there name them and explain the ways to solve economic problems under these systems?
Economic systems can be broadly categorized into four categories: traditional economies, command economies, market economies, and mixed economies.
Describe the economic system.An economy system is a mechanism used by communities or governments to coordinate and distribute resources, services, etc goods throughout a territory or nation. Economic systems control the production factors, including land, capital, and labor.
What exactly is a command economy?Economic command system: A command economy, sometimes referred to as a planned economy or indeed an effects are mainly, is one in which the main economic choices are made by a centralized authority, typically a government.
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Tell me about a situation where you worked as part of a team to execute a marketing project that was mission critical, what role did you play within the team?
For instance, I was part of a sales team that needed to boost monthly sales. I started holding a weekly meeting where the team could come up with new sales strategies and share their ideas.
These concepts were presented to managers through collaboration between me and colleagues.
Could you at any point give an illustration of when you needed to fill in as a component of a group?For instance: During the slow summer months, I was a member of a textbook sales team. I set up meetings for brainstorming where our team could come together to come up with creative solutions and new sales strategies. By the end of the summer, we had achieved a 20% increase over our sales targets because we took the time to listen to everyone's ideas.
Can you provide an instance of successful teamwork that you have witnessed?Our team always finished projects on time and to our clients' great satisfaction. We were a great team because we were able to communicate well. We dealt with issues as soon as they arose because people expressed their concerns in a clear and open way.
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Although I was very happy working independently, I was also working as part of a team that carried out marketing projects according to business needs. I played a project management role within the project team.
What is a project team?A project team is a group of people who are responsible for completing the tasks described in the project plan and schedule and delivering results, as directed by the project manager, regardless of the defined level of effort or involvement.
Roles in the project team: Project Manager, Project Team Member, Project Sponsor, Executive Sponsor and Business Analyst.
What are the responsibilities of a project manager?Plan and develop project ideas. Every project starts with an idea. Build and lead your dream team. Monitor project progress and set deadlines. Resolve any issues that arise. Manage money. Ensure stakeholder satisfaction. Evaluate project performance.
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What are the 4 requirements for production of goods and services?
The concept in question is Production, that is, the process of combining various input elements, both tangible and intangible, to create an output product. The answer is land, labor, capital, and entrepreneurship.
Production is the process of producing goods and services to meet human needs. Manufacturing is the process of producing goods and services to meet human needs.
The four factors of production are land, capital, labor, and organization. Land includes all natural resources used to produce goods and services; everything that comes from the earth.
Labor is the effort people put into producing goods and services. Capital is a factor of production produced for use in the production of other goods and services.
Entrepreneurship is the undertaking of new business ventures that can eventually become profitable ventures. Factors of production are the inputs used to produce a good or service to generate income.
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What is the present value of $2,000 paid each year forever, assuming a discount rate of 2% and the first payment occurs one year from now
Given a discount rate of 2%, the present value of $2,000 paid annually would be $773.135.
PV equals FV / (1 + i)N and PV equals $2000 / (2 + 0.08)
6\s= $2000 / 2.58687\s= $773.135
What is the following series of cash flows' net present value (NPV) at a 9% discount rate?NPV = -250,000 + (100,000/1.09) + (150,000/(1.09^2)) + (200,000/(1.09^3)). NPV = 122,431.81.
How may the present value of a discount rate be determined?The WACC and adjusted present value are the two main formulas for calculating the discount rate (APV). WACC = E/V x Ce + D/V x Cd x (1-T) is the formula for the WACC discount, and APV = NPV + PV of the impact of financing is the formula for the APV discount.
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A single branch of Simpson Shoes has been operating since 1917. As they consider moving into online marketing, the owner, Bert Simpson, wants to focus on a specific, potential customer type. Which potential customer would benefit from Simpson Shoes running a Local Inventory ad
A Local Inventory ad from Simpson Shoes would benefit customers who are looking for convenience and quick access to the shoes they desire.
What is Local Inventory?Local inventory is an inventory of goods or services that are located within a certain geographic area.
By advertising their local inventory, customers can easily find out which shoes are available in their local store and can then make the trip down to purchase them. This type of ad would be especially beneficial to customers who live close to the store and are looking for a specific type of shoe. This type of ad would also be beneficial to customers who are in a rush and need the shoes quickly, as they can easily find the store location and make the purchase immediately.
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________ is redistributing goods or products we own by sharing them.
A) Collaborative consumption
B) Crowdfunding
C) Crowdsourcing
D) Social networking
Collaborative consumption is redistributing goods or products we own by sharing them. option a is correct.
How does collaborative consumption work?Consumers who "get" and "supply," temporarily or permanently, valuable resources or services through direct connection with other consumers or through a mediator are said to be engaging in collaborative consumption. It is occasionally used in conjunction with the idea of the "sharing economy". In the "collaborative economy" (also known as "collaborative consumption"), consumers use modern technology to produce, procure, pay for, exchange, share, or rent goods and services. It is always changing since new markets are constantly opening up.
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There is a limit on Chinese dairy products sold in India, and in Italy there is a limit on sales of Japanese motorcycles, both of which would be considered a Quotas
A quota is a limit on the amount of a certain product that can be imported or exported. It is a form of protectionism and is used to limit the amount of a particular product that can enter a country's market, either for protectionist or economic reasons.
In the case of India and Italy, the quotas are intended to protect the domestic market from being flooded by foreign products and to protect the domestic industry from foreign competition. A quota limits the amount of foreign products that can enter the market, thereby stabilizing the market. Quotas can also be used to protect a country's own production from being undercut by cheaper imports. This is why India has a quota on Chinese dairy products and Italy has a quota on Japanese motorcycles.
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What are the 3 characteristics of team players?
The three characteristics are Collaborative , Communicative and Loyal.
1. Collaborative: Team players are able to work together to achieve common goals. They take an active role in helping the team succeed and are willing to compromise to ensure the best possible outcome.
2. Communicative: Team players are open and honest, and they communicate clearly and effectively with their fellow team members. They are able to listen to and understand the needs and ideas of others, and work together to find solutions.
3. Loyal: Team players are loyal to their team and its goals. They are supportive of their team members, and are not afraid to speak up and defend the team's ideas and objectives. Team players also recognize that they are part of a larger organization and strive to contribute to the success of the entire organization.
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Which of the following lists represents the order of levels of strategy from the top of the organization downward? Multiple Choice executive, functional, practical business, operational, corporate corporate, practical, business corporate, business, functional
The order of levels of strategy from the top of the organization downward is corporate, business, and functional.
The order of levels of strategy from the top of the organization downward is:
CorporateBusinessFunctionalCorporate strategy is the overall plan for the organization, determining the direction, scope, and resource allocation for the entire enterprise. Business strategy is the plan for a specific business unit or product line within the organization, focusing on how to compete and succeed in a specific market. Functional strategy is the plan for a specific function or department within the business unit, focusing on how to support and align with the overall business strategy.
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Ceteris paribus, if the Fed sells bonds through open market operations, the money Supply curve should shift rightward. Supply curve should shift leftward. Demand curve should shift rightward. Demand curve should shift leftward.
Ceteris paribus, if the Fed sells bonds through open market operations,b) Supply curve should shift leftward.
Ceteris paribus, if the Fed sells bonds through open market operations, it means that it is decreasing the money supply. To do this, the Fed takes in cash from the public by selling bonds to banks and other financial institutions. By taking cash out of circulation, the Fed is reducing the amount of money available in the economy.When the money supply decreases, the money supply curve will shift leftward, meaning that at any given interest rate, there is less money available.
It's worth mentioning that if the Fed decrease money supply, it will decrease the money available in the economy, which will increase interest rates and decrease the aggregate demand (AD) which will shift AD curve leftward.
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You expect the following future cash flows: $11,000 at the end of year 1, $12,100 at the end of year 2, nothing at the end of year 3 and $14,641 at the end of year 4. What is the present value of this series of payments at 7% interest
The sum of the present values of the payments is 31,319. It makes a comparison between the purchasing power of one dollar now and one dollar in the future.
What does the value of the present mean?The value of some amount of money in the future at the present time is known as the present value. For instance, if you are promised $110 in a single year, the present value is the $110's current value.
How is the present value determined?Future Value (FV) = Present Value (PV) / (1 + r) n
Rate of Return, or r.
n is the number of times.
i = 8%
The present value of a payment in year one is [11,000 / (1 + 0.08)^1] equal to 10,185.18
The present value of a payment in year two is [12,100 / (1 + 0.08)^2] equal to 10,373.80
The present value of a payment in year four is [14,641 / (1 + 0.08)^4] equal to 10,761.57
The sum of the present values of the payments is 31,319.
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Sadiya, who owns a dance studio, consistently reminds her employees that dance lessons are a luxury for customers, so they should be both informative and fun. By making these statements, Sadiya is
Multiple Choice
telling a narrative based on true events, which emphasizes a particular value.
physically manifesting her organization’s core beliefs.
exhibiting the values and norms of the local community.
explicitly stating values and norms preferred by her organization.
Sadiya is explicitly stating values and norms preferred by her organization. A professional dancing studio will have a dance floor that has been especially designed.
A dancer's ankles and knees may experience shock while dancing on concrete, which could result in injury. A decent dance organization floor will be "sprung," or cushioned, on the bottom and will have a specific vinyl mat on top that is frequently referred to as "marley." For many, it's the availability of studio in various dance genres at any age or level. Others see it as having a welcoming environment where they can practise new skills, gain confidence, and have fun all at once. One of the most renowned dance schools in the world is the Juilliard School of Dance in New York, USA.
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Does command economy have government regulations?
In a command economy, the central government dictates the position of product of goods and controls their distribution and prices.
Proponents of a command economy argue government control rather than the private enterprise can ensure the fair distribution of goods and services. The central point of pure command frugality is government control. Rather than letting request forces mandate the production of goods and services, the government determines profitable precedences and controls products and pricing.
Command economy is one in which a centralized government controls the means of production. This has both advantages and disadvantages when compared to a free-request frugality, which is a frugality where force and demand mandate affairs and prices.
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A property owner must spend $10,000 to pave his driveway. Upon completion of construction, his property value will increase by $7,500. In this case the deficiency would be considered to be
A property owner must spend $10,000 to pave his driveway. Upon completion of construction, his property value will increase by $7,500. In this case the deficiency would be considered to be Incurable deterioration.
Even if repairs were done, a sort of depreciation known as incurable deterioration would still be there. Simply said, there is no economic benefit to fixing the item(s) because the expense of repair would be more than the value it would add.
When the cost of fixing a building structure's component exceeds the value of the structure, making the repair uneconomical. For instance, an ancient house's foundation had to be renovated because of significant settling. The constant evolution of cellphone and smartphone technology is another illustration of functional obsolescence in the technology sector.
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Paloma is a 16-year-old who babysits for a local family on an occasional basis. During a calendar year, she earned $1,250 in babysitting wages. What is true about Paloma's wages
She received $1,250 from babysitting jobs in a year. The FLSA does not apply to Paloma since she does not make enough money to qualify as a domestic employee.
The Fair Labor Standards Act (FLSA), a piece of civil legislation, establishes minimum wages, eligibility for overtime pay, record-keeping requirements, and child labor laws that are applicable to full- and part-time employees of the private sector as well as of the federal, state, and foreign governments.
The Human Resource Office of each organization uses standards established by the US Department of Labor to calculate the Work Period Designation (WPD) for each employee.
FLSA guidelines provide that in order to qualify for overtime pay, employees must receive overtime compensation and be considered to be on the clock. Workers are either classed as pure or nonexempt under the FLSA.
Only companies engaged in interstate commerce or with monthly sales of $500,000 or more are liable to the FLSA. Since Paloma's annual salary is less than $500,000 ($1,250), she is exempt from the FLSA's requirements.
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For centuries, explorers, missionaries, and others gave accounts of different cultures that they encountered around the world. Anthropologists continued this tradition with formalized approaches to data collection and analysis
The following descriptive accounts of other cultures in order from first to most recent Herodotus journeys across Egypt, Persia, and what is now Ukraine. On the Silk Road, Marco Polo travels from Italy to China.
What is the concept of culture and anthropology?The original definition was put forth in 1871 by British anthropologist Sir Edward Tylor. He declared: "Culture or civilization. is that complex whole which comprises knowledge, belief, art, law, morals, custom, and any other abilities and habits gained by man as a member of society." The technique of culture was established to acquire that knowledge in accordance with particular methodological principles, the most significant of which is participant-observation anthropologist fieldwork. Years of discussion and practice have led to the understanding of anthropology and ethnography that exists today. One of the most distinctive methods anthropologists use to investigate how people live in society is fieldwork.
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Answer: For centuries, people such as explorers, missionaries, and other travelers have provided accounts of the cultures they encountered during their travels. Anthropologists later adopted a more formalized approach to studying these cultures, through the use of systematic data collection and analysis techniques. They studied various aspects of human societies and cultures, including social, cultural, physical and linguistic characteristics, as well as the history and prehistory of the groups of people they studied. This approach helped to provide a more comprehensive understanding of the diversity of human cultures and societies around the world.
Megan’s tv had a base price of $189 and the sales tax was 6.88%. over the next four years, the tv consumed an average of $0.06 of electricity every day. it also needed repairs twice, costing $29 each time. after four years, megan got a new tv. what was the lifetime cost of megan’s tv? (remember that one in every four years is a leap year.)
a. $357.68
b. $318.66
c. $347.66
d. $351.65
please select the best answer from the choices provided a b c d
Hence option C is the correct option.
The Megans TV has a lifetime cost of $347.66.
The basic price of Megan's TV was $189, and the sales tax was 6.88%.
Converting 6.88 % in to decimal form.
= 0.0688
Sales tax price = 0.0688 × Base price
= 0.0688 × 189
= $ 13 (Approx)
The TV used an average of $0.06 per day in power over the following four years.
365 days make up a year, while 366 days make up a leap year.
So,
Electricity consumed in 4 years = Average electricity × (3× Number of days in one years + Number of days in a leap year )
= 0.06 × ( 3 × 365 + 366)
= 0.06 × (1095 + 366)
= 0.06 × 1461
= 87.66
Additionally, it required two $29 repairs that were required.
Repair cost = 2 × Cost of repair
= 2 × 29
= $58
Further,
Lifetime cost of the Megans TV = Base cost + Sales price cost + Electricity consumed in four years + Repair cost .
Substituting the above value in above equation we get,
Lifetime cost of the Megans TV = $189 + $13 + $87.66 + $ 58
= $ 347.66
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2. What type of photographer is generally defined by the fact that they are hired on a per-project basis and not formally attached to any one employer or field
The practice of providing photographs on a contract basis for various clients or as a self-employed photographer is known as freelance photography.
How much education is required?The majority of freelance photographers have a degree in photography, despite the fact that no formal training is required. A portfolio of high-quality work is more important than academic credentials when selecting clients. As apprentices for seasoned photographers, some gain knowledge of the creative as well as the technical aspects of the industry.
What exactly are duties?establishing a time and location for a photoshoot through communication with customers.managing and taking care of photography gear.modifying images.sending pictures to the right people.managing sessions for photography.To learn more about freelance photographers here:
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Freelance photographers are generally defined as employed on a project basis and not formally associated with an employer or sector.
What are types of photographers?Travel photographer. Newspaper photographer. Paparazzi photographer. Macro photographer. Micro photographer.
What is a commercial photographer?A commercial photographer is someone who takes images that help clients sell their products and services. You can work alone or as part of a team. Working alone, they are often tasked with creating concepts that help bring their clients' visions to life.
What is non-commercial photography?Non-commercial photography includes staged engagement and wedding photos (if the wedding is offsite), family portraits, graduation and class photos, student projects, and more.
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At the end of every year you deposit $4,800 into an account that earns 8% interest per year. What will be the approximate balance in your account immediately after the 20th deposit
The amount is $219657.43 will be the approximate balance in your account immediately after the 20th deposit.
To find the future value we use following formula
FV=A[(1+r)" -1/r)
Where,
FV = Future Value OR Amount at time n
A = Regular Withdrawal Amount OR Regular Interest OR Regular Dividend OR Installment Amount
n = Number of period
r=Compound interest rate
Given: Number of periods/years (n) = 20
Rate of interest (r) -8%
Regular withdrawal (A)- $ 4800
After substituting the values into the formula we have,
[tex]FV= A(\frac{(1+r)"-1}{r} \\FV=4800+(\frac{1+0.08)20-1}{0.08} )FV = $219657.42863[/tex]
The future value of the annuity is $219657.42863.
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