There are many differences between equality of opportunity and equality of condition. Few of them are listed below:
Equality of opportunity
Equal opportunity, also called equality of opportunity in political theory, the idea that people should be able to compete on equal terms or "level playing field" for favored positions and positions.
Proponents of equal opportunity believe that this principle is compatible with and indeed can justify certain inequalities in outcome, but there is considerable disagreement about the extent and which inequalities it justifies and how it does so.
Equality of condition
Equality of condition (Lynch & Baker, 2005) is “the belief that people should be as equal as possible in relation to the central conditions of their lives” (p. 132). Those who strive for equality of conditions aim to equalize the possibilities of people in a given situation.
Inequality can occur in education when teachers evaluate their students without considering the five dimensions of a level playing field: resources; respect and recognition; love, care and solidarity; Power supply; and work and learn.
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Garcia industries has sales of $207,500 and accounts receivable of $18,500, and it gives its customers 25 days to pay. The industry average dso is 27 days, based on a 365-day year. If the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8. 0% on any cash freed up by this change, how would that affect its net income, assuming other things are held constant? assume all sales to be on credit. Do not round your intermediate calculations.
Rates: 8%
Sales: 207,500
A/R: 18,500
Days in Year 365
Sales/Day: 568.50
DSO: 40
Industry DSO: 27
(x / 207,500) x 365 = 27
Solve for x = 15,349.31
x = This is the amount Accounts Receivable needs to be lowered to.
18500 - 15,349.31 = 3,150.69 decrease in Accounts Receivable
3,150.69 x 8% = 252.05 Interest earned and addition to net income.
Net income refers to the income of an individual or business after deducting expenses, allowances and taxes. In commerce, net income is what is left in the business after all expenses such as salaries and wages, cost of goods and raw materials, and taxes.
Is Net income the Same as Profit?
Profit simply means the remaining income minus expenses. It exists at multiple levels, depending on the type of cost that is deducted from the revenue. Net income, also known as net profit, is a single number that represents a particular type of profit. Net income is the famous last line of financial statements.
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What is true about open ended credit
Answer :
An open circuit implies that the two terminals are points are externally disconnected, which is equivalent to a resistance R=∞ . This means that zero current can flow between the two terminals, regardless of any voltage difference.
Relative to the initial market equilibrium, at a price ceiling of $2, what is the amount of surplus transferred from producers to consumers?
When there is no price cap and the market price is $4, there are 3000 pounds sold, and the producer surplus is the space between the $4 priceline and the supply line up to the 3,000-pound level.
The Amount of Surplus is $2000.The producer surplus in this case is 0.5 × ( 4 - 1 )× 3000 = 4500.However, the amount is decreased to 1000 pounds when there is a price cap of $2.
The current producer surplus is 500, or 0.5 × ( 2-1 )× 1.The decrease in producer surplus is now 4500 – 500, which equals 4000.
Deadweight loss is one element of this decrease and is calculated as 0.5*(4-2)*(3000-1000) = 2000.The transfer of producer surplus to consumers makes up the remaining amount, which is equal to ( 4 - 2 ) * 1000 / 2000.
Therefore $2,000. is the correct Amount.
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What are the similarities and differences between the way that professor porter discusses profits in business and the way that profits are discussed in the unit?
Porter asserts that a firm's investment value in terms of long-term return on investment depends on how potential sector entrants, customers, replacement goods, suppliers, and rival businesses interact.
More about Porter:
Twenty books and numerous essays by Michael Porter, including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition, have been published. Among the most important management and competitiveness theorists in the world, Michael Porter founded the modern strategy area.
Professor Porter is the most referenced author in business and economics and a six-time recipient of the McKinsey Award for the best article published in the Harvard Business Review during the year.
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Your marketing team is currently working through the target market selection process to identify which customers your firm will target with a new technology product being developed. You are currently in the process step where you must consider the target market characteristics, the product attributes, and the firm’s objectives and resources. Which of the five steps in the target market selection process are you currently working on?.
The five steps in the target market selection process are you currently working on Identify the appropriate targeting strategy.
An organization plans, executes, and maintains a marketing mix that is appropriate for the requirements and preferences of a target market, which is a collection of consumers (individuals, families, or organizations).
Compared to bulk marketing, target marketing is counterproductive. It entails locating and choosing particular portions to receive extra attention. Choosing a target market is only one of the numerous choices that business analysts and marketers must make during the segmentation process.
The general process known as S-T-P (Segmentation, Targeting, and Positioning) includes selecting a target market (or target markets). Before a company can create a positioning strategy, it must first divide the market into segments and choose one or more goals.
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The demand curve for one particular brand of cough syrup will _____ the demand curve for cough syrup as a general category.
The demand curve for one particular brand of cough syrup will be more elastic than the demand curve for cough syrup as a general category.
What is meant by Demand Curve ?
The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.
The law of demand states that when the price of a given good rises, the quantity required falls, all other things being equal. This is expressed by the demand curve moving downward from the left to the right.
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Hillman corporation reported a decrease in accounts receivable of $391,216. This is best defined as a _________ of cash on the _______________ segment on the statement of cash flows.
Hillman Corporation reported a decrease in accounts receivable of $391,216. This is best defined as a source of cash on the operating activities segment on the statement of cash flows.
What is Cash Flow Statement?
By monitoring the cash flow for a business, a cash flow statement is a crucial tool for managing finances. One of the three important reports that aid in assessing a company's performance is this one. Making a cash forecast usually helps with short-term planning. You may track incoming and outgoing cash by using the cash flow statement, which also displays the source of funds. Operating, investment, and financial operations are the three main sources of incoming cash for a corporation. Additionally, the statement provides information on cash withdrawals, business-related expenses, and investments at a specific period in time. For the management to make wise judgments for governing business operations, the information you acquire from the cash flow statement is helpful.
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Three years ago, kenesha purchased $2,000 worth of stock in a major u. S. Corporation. Today, kenesha decides to sell all her shares for $15,000. Kenesha will be subject to?.
Kenesha will be subject to Long term capital gains of $ 13,000.
When the stock is held for more than 24 month then the gain on the sales of stock are long term capital gain.
Long term capital gain = Sale Price - Purchase Price
= 15,000 - 2,000
= $13,000
The value difference between the sale price and the acquisition price is used to calculate the long-term capital gain or loss. The amount here represents the investor's net gain or loss from selling the asset. The net gain or loss a shareholder incurred upon the sale of an asset held for less than a year is short-term capital gains or losses. Long-term capital gains are subject to a lower tax rate from the Internal Revenue Service (IRS) than are short-term capital gains.
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A reactive stance to the marketing environment is best described as one where marketers _______.
A reactive stance to the marketing environment is best described as one where marketers implement campaigns before using data and analytics to judge their success.
This is further explained below.
What is a reactive stance?Generally, Marketers often approach data from a reactive perspective, meaning that they implement campaigns before using data and analytics to judge their success. However, the next campaign will already be underway by the time all the data is examined.
In conclusion, Marketers often handle data in a reactive manner; in other words, they implement campaigns and then use data and analytics to evaluate their success.
The next campaign, however, is well underway by the time all the data is examined.
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A key benefit of collaboration is _______________, which focuses on deriving better and more unique ideas for products and services.
A key benefit of collaboration is innovation which focuses on deriving better and more unique ideas for products and services.
What is innovation?Innovation is termed as a service, product,strategy, business model that is both useful and novel. Innovations need not be be a major breakthrough in technology or it need not be a new business model; they can be any upgrades to the customer service of a company or features which are added to the existing product.
In business, Innovation is grouped into two categories:
Sustaining and Disruptive.
Sustaining innovation:
It enhances any organization's processes and their technologies to improve the product line for existing customer base.
Disruptive innovation:
It occurs when a smaller company challenge a larger business.
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Typically, Joseph buys a single tire at a time for his truck. However, he sees an advertisement for a "buy 3, get 1 free" offer from a local tire shop and decides to take advantage of the deal. Joseph's decision is mostly based on
his preference for a brand of tire
the limited income he earns
the price of alternatives to tires
the sale price of the tires
Based on the fact that Joseph decides to take advantage of the "buy 3, get 1 free," his decision is mostly based on the sale price of the tires.
What is Joseph's decision based on?The only reason why Joseph decided to take the deal the advertisement offered to "buy 3, get 1 free." it means that he only took the deal to make some savings on having to buy an additional fourth tire at full cost.
This means that Joseph's decision to buy the tires was based on the reduced sales price of the tires.
In conclusion, Joseph's decision was mostly based on the sale price of the tires.
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Government can reallocate resources of an economy through taxes, ________ payments, and by providing direct services.
Government can reallocate resources of an economy through taxes, transfer payments, and by providing direct services. Direct services are those offered by workers or volunteers who have regular touch or interaction with clients.
Government house maids perform direct services in your home. When you go shopping, the assistance provided by the shopkeeper is an example of direct services.
There are two types of service: direct and indirect. Direct service is service that is paid for directly by those who receive it. People who are willing to pay for their services are served by direct service providers. In contrast, indirect service is a government-funded service provided to the broader population.
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Of the over $550 million dollars lent to low-income individuals or to those who do not have access to typical banking services, what was the approximate average size of a loan made by the kiva microfinance services organization?.
The approximate average size of a loan made by the kiva microfinance services company was $416.62 out of the more than $550 million dollars provided to low-income people or to those who lack access to conventional banking services.
The range of financial products that microfinance institutions (MFIs) offer to their clients, including microloans, microfinance, and microinsurance products, is referred to as "microfinance." Microfinance was created in the 1970s when social entrepreneurs began providing substantial loans to the working poor.
One individual whose contributions to microfinance have made him well-known on a worldwide basis is Professor Muhammad Yunus, who shared the 2006 Nobel Peace Prize alongside Grameen Bank. Yunas and Grameen Bank have demonstrated that the poor are capable of escaping poverty. Additionally, Yunus demonstrated that loans provided to the working poor had relatively high payback rates when structured properly. His work attracted both profit-seeking capitalists and social engineers.
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Small-island developing states have long been at the forefront of demanding that countries that are industrially advanced and are largely responsible for the emissions that cause climate change must address the loss and damages that sids are encountering due to climate change. What is the current status of reparations for sids?.
To inform developed nations of the harm and loss they are doing to SIDs reparations developing nations, small island developing governments established a commission. The impacted countries were expected to receive compensation from the at-fault countries.
According to the fundamental tenet of international law, the polluter pays, the responsible SIDs reparations nations were requested to relieve the afflicted nations of debt or to provide grants to make up for the damage.
It was said that the afflicted nations are suffering double injustice because they already pay SIDs reparations higher interest rates on their debt, preventing them from implementing a coping strategy to deal with the harm these nations have created.
The commission demanded compensation from the nations harming people. The SIDs reparations claim that they are victims of injustice because they already have debt and are paying increased interest rates, on top of which they are experiencing catastrophic climate change. Due to budgetary limitations, they are consequently at risk of loss and damage and are unable to take preventative measures.
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When both parties to a contract agree to substitute a new agreement for the present one, this is known as a:______.
When both the parties to a contract agree in order to substitute a new agreement for the present one, this is known as a novation.
Novation is referred to as replacing with a new contract and here the same obligations are thus performed by different parties. Under novation, the liabilities which are existing under the contract are extinguished.
So a novation is an agreement which is made between two of the contracting parties in order to allow for the substitution of a new party for an existing one.
Hence, novation is a substitution of old contract with a new contract by the mutual agreement between the parties.
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In which way does increasing customer satisfaction disrupt the internal value chain?
Increasing customer satisfaction disrupt the internal value chain because it can increase production costs or it can increase inventories and also disrupt production schedules.
Customer satisfaction is defined as the measurement which determines how happy the customers are with the company’s products or services and capabilities.
Customer satisfaction information which includes surveys and ratings can easily help any company to determine how best it can improve or changes its products and services.
Generally an organization’s main focus is to satisfy its customers. This applies to all the industrial firms whether retail and wholesale businesses.
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Like mitosis, meiosis involves duplication of the chromosomes before division starts. However, there are __________ rounds of cell division during meiosis and __________ during mitosis.
Like mitosis, meiosis involves the duplication of the chromosomes before division starts. However, there are two rounds of cell division during meiosis and one during mitosis.
The process of meiosis can be described as a process by which cell division in gamete cells takes place. The number of chromosomes is reduced to half in the process of meiosis so that the chromosome number can be maintained.
As a result of one cell division, like that of mitosis, two daughter cells are formed with exactly the same number of chromosomes as the parent cell.
In order to reduce the number of chromosomes to half, two divisions occur in meiosis so that four daughter cells are formed with half the number of chromosomes as the parent cell.
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wonder company purchased 35,000 of the 100,000 outstanding shares of elton company common stock on january 1, 20x2, for $200,000. the purchase price was equal to the book value of the shares purchased. elton reported the following: year net income dividends 20x2 25000 10000 20x3 50000 15000 20x4 45000 6000
Income is money that an individual or business receives in exchange for providing labor, producing a good or service, or investing capital. Individuals typically earn income through wages or salary, while businesses earn income from selling goods or services above their cost of production.
The same amount of money will buy less. The $50,000 will be worth only $49,000 in real income with a 2% inflation rate in this example
The porch 3 to the book value of the shares purchased of the 100,000 outstanding shares of Elton Company common stock on January 1, 20X2, for $200,000.
investment in wonder Company = 35,000/100,000
= 0.35
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Frank wright is a stereo buff who will go to great lengths when making stereo equipment purchases. He believes having the right equipment is important because he wants to impress the people who will see the stereo when they visit his home. If you were the marketing vp for quality electronics, inc. And your market was primarily made up of people just like wright, which influence source would you most likely build into your promotional messages?.
Answer
reference group influences (Reference groups are people to whom an individual looks as a basis for self-appraisal or as a source of personal standards. Reference groups exert a strong influence on the brand chosen when its use or consumption is highly visible to others. By building reference groups into the promotional messages for Quality Electronics you would be more likely to attract consumers such as Frank Wright.)
an organization that wishes to improve employee involvement, efficiency, and customer satisfaction might conduct select that assesses how inputs coordinate to complete work and achieve the organizational outputs.
An organization may perform a study to evaluate how inputs work together to complete tasks and produce organizational outputs in order to increase employee engagement, efficiency, and customer satisfaction. Workflow analysis
Workflow analysis is the practise of looking at your company's workflows to find patterns and boost productivity. This boosts customer happiness, employee engagement, and the company's competitiveness in turn.
What is a workflow analysis composed of?
Picture illustrating Workflow Analysis
A workflow analysis is what? An evaluation of all the supporting operations is a workflow analysis. Plans to get rid of inefficiencies and improve the individual processes may be included. After analysis and optimization, if your workflow continues to run smoothly, you might want to consider automation.
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5. What are self-management skills?
O personal skills that help you learn how to take care of yourself and develop a growing independence.
O a good idea but not necessary in everyday life.
O skills developed to help you analyze abstract ideas.
the concrete ability to analyze information and solve problems.
Answer:
O personal skills that help you learn how to take care of yourself and develop a growing independence.
How will the federal tax affect a biweekly pay of $740 for a single person claiming 1 exemption? a. it increases the biweekly pay by $62. b. it decreases the biweekly pay by $62. c. it increases the biweekly pay by $65. d. it decreases the biweekly pay by $65. please select the best answer from the choices provided a b c d
Answer:
D
Explanation:
It decreases the biweekly pay by $65.
He market is wheat. a drought destroys much of the crop. the curve will shift . the factor causing the shift is:________
As a result of the drought, the supply curve would shift to the left. The factor causing the shift is the decrease in supply.
What is the effect of the drought?
When there is a drought that destroys the crops, the quantity of wheat that farmers can supply to the market would decline. As a result, the supply of wheat would fall.
When there is a decrease in the supply of wheat, the supply curve would shift to the left inclining a decline in the supply of wheat. The supply curve is a graph that shows the relationship between price and quantity supplied. When the supply curve shifts to the left, equilibrium price would increase and equilibrium quantity would decrease.
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In 2018, country a exports $84.9 billion and imported products valued at $74.69 billion. the difference between the dollar value of its exports and imports represents a:_____.
In 2018, country a exports $84.9 billion and imported products valued at $74.69 billion. The difference between the dollar value of its exports and imports represents a Trade Surplus.
A trade surplus is an economic indicator which indicates a favorable trade balance when a nation's exports are more than its imports.
It is calculated as : Total value of Exports minus Total value of Imports.
When the outcome of the computation which is done above is positive, there is a trade surplus. A trade surplus is the result of a net local money inflow from the international markets.
It takes place when the outcome of the aforementioned computation is negative and is the opposite of a trade surplus, then it will denote a net inflow.
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According to sports business journal analysis, which company is handling the highest percentage of betting in the only eight states in which regulators break out results by individual sportsbooks?.
According to sports business journal analysis, Fanduel is handling the highest percentage of betting in the only eight states in which regulators break out results by individual sportsbooks.
What is Fanduel?The American gaming corporation Fanduel Group offers online casinos, daily fantasy sports, horse racing, and sportsbooks. The business runs daily fantasy sports services, online horse race betting, and sportsbooks in a number of states, including New Jersey, Pennsylvania, Indiana, and West Virginia.
The business was first established as a provider of daily fantasy sports, primarily competing with Draft Kings. In May 2018, as sports betting became more widely legalized in the US, Fanduel decided to merge with Paddy Power Betfair's US operations to form Fanduel Group. Paddy Power Betfair is now known as Flutter Entertainment. With Fanduel serving as the company's primary U.S. brand, the acquisition aimed to capitalize on the company's current user base and brand familiarity.
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FanDuel is among the only eight states where regulators break out outcomes by individual sportsbooks, according to a Sports Business Journal study of handle.
What is Fanduel ?The biggest US online sports betting company is FanDuel, but DraftKings is not far behind. FanDuel is owned by Flutter Entertainment, the largest online gaming firm in the world, whereas DraftKings is a stand-alone business that was listed on the Nasdaq after its merger with SBTech.First, the fundamentals Under federal law, FanDuel is 100 percent legal. The United States government views fantasy sports, such as daily fantasy baseball, football, and basketball, as a game of skill as opposed to online slots or internet poker.To learn more about Fanduel refer:
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Preparing equipment that is used in a process is considered overproduction muda.
a. True b. False
It is false that the preparation of the equipment in a production process is considered as muda overproduction.
What is team preparation?The preparation of equipment is a term that refers to the process of putting into operation different elements that will contribute to a production process so that it works effectively and the owner has the highest productivity.
Why is it not considered as an overproduction?The preparation of the equipment should not be considered as an overproduction since it is a necessary process for the start-up of a factory. Therefore, the products that can be manufactured in the process of preparing the equipment are not considered overproduction because they are products that are not going to be used later nor will they have all the quality standards to sell or offer to consumers.
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How will the federal tax affect a biweekly pay of $740 for a single person claiming 1 exemption? a. it increases the biweekly pay by $62. b. it decreases the biweekly pay by $62. c. it increases the biweekly pay by $65. d. it decreases the biweekly pay by $65.
How will the federal tax affect a biweekly pay of $740 for a single person claiming 1 exemption?
a. it increases the biweekly pay by $62.
b. it decreases the biweekly pay by $62.
c. it increases the biweekly pay by $65.
d. it decreases the biweekly pay by $65.
Option d is correct.
What do you understand by federal tax?
US federal income tax is a tax collected by the Internal Revenue Service (IRS) on the annual income of individuals, corporations, trusts and other legal entities. Federal income taxes apply to all forms of earnings that constitute a taxpayer's taxable income, including wages, salaries, commissions, bonuses, tips, investment income, and certain types of unearned income.In the US, federal income tax rates for individuals are progressive, meaning that as taxable income increases, so does the tax rate. Federal income tax rates range from 10% to 37% and begin at specific income thresholds. The income ranges to which the rates apply are called tax bands. Income that falls into each group is taxed at the appropriate rate.The federal corporate tax rate is a flat 21% (reduced from 35% by the Tax Cuts and Jobs Act passed in late 2017).To learn more about federal tax, refer to:
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Answer:
D
Explanation:
The distribution of monthly rent for one-bedroom apartments in a city is approximately normal with mean $936 and standard deviation $61. A graduate student is looking for a one-bedroom apartment and wants to pay no more than $800 in monthly rent. Of the following, which is the best estimate of the percent of one-bedroom apartments in the city with a monthly rent of at most $800 ?.
The best estimate of the percent of one-bedroom apartments in the city with a monthly rent of at most $800 is 1.3%.
A percentage is a number or ratio expressed as a fraction of 100. is often described. A percentage is a part of a whole expressed as a number between 0 and 100, not as a fraction. Everything is 100%, half of it is 50%, and nothing is 0%. To get a percentage, divide part of the whole by the whole and multiply by 100.
Mean = \mu = 936
standard\ deviation = \sigma =61
To find
P(X<800)=P(\frac{X-\mu }{\sigma }<\frac{800-936}{61})
P(X<800)=P(z<-2.2295)
P(X<800)=0.01289
0.01289\times 100 = 1.289\approx 1.3% percent.
Hence, option 4) is correct is the best estimate of the percent of one-bedroom apartments in the city with a monthly rent of at most $800.
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In looking at the sample budget plan in the reading assignment, why are the dollar figures under the budgeted column usually larger than those in the actual column for flexible expenses?.
The dollar number under the budgeted column is usually larger than that in the actual column for flexible costs because flexible costs can vary, it is important to overestimate the costs.
The cost budget plan is an estimate of costs that will later be used for the implementation of an activity, both business and project. In some businesses, projects or events, budget planning is a mandatory document to see the amount of costs that will be used. Planning needs to be done to find out the costs to be incurred so that finances are more focused.
In project implementation, for example, this budget plan becomes the basis for whether the contractor can make an offer or not. The more promising the plan is, the more interested the contractor will be to make an offer. The budget plan already includes the planning stage, material selection, and various other costs such as worker wages and construction costs.
Projects and even businesses or events that are run without detailed budget planning will cause cost overruns. This is because the purchase or procurement of tools and materials and their operations are not well controlled so that expenditures are not directed. This is also what makes projects or businesses often face failure due to poor budget planning.
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What does the image say?
Can someone unblur it?
I have no idea sir maybe someone could assist you