Your friend points to the wages earned by your economics professor and her teaching assistant (TA) as an example of income inequality. Your tenured professor earns $120,000 , drives a BMW, and vacations in Europe, whereas your TA earns $10,000 per year, rides a bike, and vacations at his mom's house. Because they both teach for a living, your friend argues that this income inequality is not just. Which reply uses the economic life cycle to respond to your friend's argument? Your professor has many more responsibilities than your TA and is, therefore, paid more. Your professor and TA earn different amounts now but they will have similar earnings over the course of their lives. Your professor was once a TA, and your TA will one day make better money. Older workers typically have more expenses than younger workers due to the high cost of healthcare and other costs that occur later in the life cycle. The differences in wages occur because older workers need more money than younger workers. Your professor has more bargaining power than your TA and, therefore, has higher earnings.

Answers

Answer 1

Answer:

Your professor and TA earn different amounts now but they will have similar earnings over the course of their lives. Your professor was once a TA, and your TA will one day make better money.

Explanation:

Answer 2

The cycle, which represents that the economics professor was once a TA and the TA will become a b, represents the economic life cycle. Thus, option C is correct.

What are wages?

Wages is said to be the payment provided to the workers who are working by the employer. The rate at which the wages depend upon can be different according to the job done, as different job have different rates. it can be monthly, hourly, or weekly.

When the friends were talking they were discussing on the payments of the economic professor who earned $120000 and lives with full luxury, and the TA (teaching assistance) who earned $10000 only and lives and adjust in that amount.

But that does not mean that the TA income will be constant and won't increase, as he will also one day become professor and earn that amount and the professor also had low income in life as he was also a TA once. that depicts the economic cycle of income and expenses. Therefore, option C is the correct option.

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Related Questions

1. Compute component percentages for Year 2. (Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

Answers

The percentage for the cost of sales is 65.21% in 2015. The percentage for the cost of sales is 65.41% in 2014.

It should be noted that the percentage for the cost of sales in 2015 was calculated as:

= Cost of sales / Net sales

= 36665/56223 = 65.21%

The percentage for the cost of sales in 2014 was calculated as:

= Cost of sales / Net sales

= 34941/53417 = 65.41%

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Ahoy do you need your rate of return to be greater than inflation

Answers

Why is it important for investments to provide a greater return than the rate of inflation?
When inflation levels are stable and moderate, investors have lower expectations of high
market returns. Conversely, expectations rise when inflation is high. When inflation rises,
DO PRICES IN THE ECONOMY, leading investors to require a higher rate of return to maintain
their purchasing power.

The Americans with Disabilities Act of 1990 (40 points and brainliest pls help but you have to be correct)
a
gives preference to applicants with disabilities over other applicants

b
offers employees with disabilities more rights in the workplace

c
prevents employment discrimination of applicants with disabilities

d
provides additional pay to employees with qualified disabilities

Answers

the answer is letter c

what are the conflict management styles and dispute resolution mechanism

Answers

Answer:

Five styles for conflict management, as identified by Thomas and Kilmann, are: competing, compromising, collaborating, avoiding, and accommodating. Businesses can benefit from appropriate types and levels of conflict. That is the aim of conflict management, and not the aim of conflict resolution

Does anyone know what are the ratios used to analyze the financial statements of banks?

Answers

Answer:

Banking Financial Ratios

Among the key financial ratios, investors and market analysts specifically use to evaluate companies in the retail banking industry are net interest margin, the loan-to-assets ratio, and the return-on-assets (ROA) ratio.

Explanation:

hope this helps :)

Integrating 160 different nationalities into one
corporation, such as The Emirates Group, has
challenges and opportunities. What challenges
do you see? What opportunities come from this
diverse workforce?

Answers

Answer:

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The integration of different nationalities in a corporation, such as The Emirates Group, can have the advantages of increasing knowledge and innovation.

The disadvantages of this type of commercial integration can be related to cultural and adaptive differences among workers.

What are the challenges of a multicultural environment?

Globalization has tightened social and economic relationships between nations, making work environments multicultural, which is positive for increasing creativity, but there are several challenges that must be managed such as:

Language barriersEthicIndividual values

Therefore, it is essential that in a multicultural corporation, there is a focus on promoting cultural skills and ethics as guides for actions in micro and macro environments.

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One way to gain information is by participating in trade fairs and trade missions.

a. True
b. False

Answers

Answer: true

Explanation: source from https://www.business.qld.gov.au/running-business/marketing-sales/marketing-promotion/show-exhibition/benefits

Trade shows are generally targeted at an industry and people involved or interested in that industry. Exhibiting at a trade show can be a great way to advertise to a target market and create brand awareness.

Exhibitions are open to a large and sometimes diverse range of audiences (usually the general public). This provides you with a platform to promote your product or service to a broader group that may have little or no knowledge of your products and services.

Depending on your type of business, product and market testing can be carried out at trade shows and exhibitions to gain industry or general opinion about your offering.

Being involved in a trade show or exhibition can provide you with opportunities to branch out to business-to-business trading and create a customer database from the visitors to your display booth.

A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 63 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.)

Answers

The effective annual percentage cost of its non-free trade credit is 13.08%/

Here, we are to calculate the effective annual percentage cost.

Given Information

Discount % = 2%

Discount Days = 8

Net Days = 45

Actual days = 68

Nominal % cost = Disc. %/(100 – Disc. %) × (365/(Actual days – Disc. days)

Nominal % cost = 2 /(100 - 2) * 365/(68   -8)

Nominal % cost = 2 /98 * 365/60

Nominal % cost = 0.0204081 * 6.083333

Nominal % cost = 0.1241496

Nominal % cost = 12.41%

n = 365/(63 - 8) = 6.64

Effective annual rate = (1 + Nominal % rate/n)^ n – 1

Effective annual rate = (1 + 0.1241/6.64)^6.64 - 1

Effective annual rate = 1.13083302405 - 1

Effective annual rate = 0.13083302405

Effective annual rate = 13.08%

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Individual consumers are considered as:

communication
possible customers
competition
demographics

Answers

B. Possible customers

An organization's mission differs from strategic planning in that strategic planning is the basic purpose of the organization
while the mission involves establishing the goals and objectites of the organization.
(A True
B) False

Answers

Answer : true



Explanation:

During 2021, Stork Associates paid $55,800 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $55 to $165 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event (provided by a local restaurant) at a cost of $3,400. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated. How much may Stork deduct for this event

Answers

Based on the information given if all the expenses are adequately substantiated. The amount that Stork can deduct for this event is $3,350.

Stock deduction

Costs of seats $3,300

($165x20)

Food and beverage $3,400

Total Entertainment expense $6,700

($3,300+$3,400)

Less 50% Limitation

Deduction $3,350

($6,700×.50)

Inconclusion the amount that Stork can deduct for this event is $3,350.

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How do you redeem a winning ticket lottery?
A) scan on pos
B) validate on terminal
C) picklist on POS
D): redemption barcode entered in the pis if no touch screen

Answers

Answer:

4 Steps to Claim PCSO Lotto Prize

Go to the PCSO Main Office. Present two valid IDs (preferably signature-bearing government-issued IDs) and the winning ticket to the Prize Claim section of the Accounting and Budget Department. Fill out the required forms. Wait for the ticket to be validated.

Explanation:

No choices here


Karson is a manager in a bottle manufacturing company. He wants to check whether 100 bottles were produced and dispatched to the market. Which department should
he consult?

Answers

Answer:

Answer is Operations Department.

Explanation:

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Answers

Answer:

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Explanation:

This activity is important because the final price serves many functions for the firm. The final price must be high enough to cover the firm's costs and achieve the firm's objectives, but also low enough to be attractive to consumers. To set the final price, marketing managers begin with the list (quoted) price and then make price adjustments. Marketing managers use both discounts and allowances, which are reductions from the list price given, as a reward for performing an activity to arrive at the final price. The four most common types of discounts are (1) quantity, (2) seasonal, (3) trade (functional), and (4) cash. The goal of this activity is to demonstrate your understanding of the four types of discounts used by sellers.
Select the most appropriate category of discount for each of the eight examples below.
1. Chiquita encourages Smoothie King to pay its bills for bananas quickly by offering a 3% discount on bills that are paid within 7 days.
2. To encourage Target Stores to place its orders for bagged candy well before the trick-or-treat season, Hershey offers a low price on Reese's Peanut Butter Cups for orders placed before June.
3. Radio Flyer tries to get toy stores to order snow sleds and saucers in May by temporarily lowering the retailer's cost for its outdoor snow toy line.
4. Costco can purchase up to 1000 pallets of water from the manufacturer for $300 per pallet, but the costs drops to $275 per pallet for orders of 1001 or more pollets.
5. To get bills for its storage products paid quickly, Rubbermaid offers a 1% discount on bills that are paid in full within 10 days.
6. Pepsi offers a grocery store a reduction in the pallet price of Pepsi products in exchange for the store setting up a large football- themed display at the front of the store.
7. Consumers can buy a four-pack of Dove White Beauty Bars for $5.49 or they can buy an eight-pack of the same soap for $8.49.
8. Haggar offers Kohl's a reduction in the cost of its Men's Cool 18 Flat Front Pants in exchange for Kohl's running local advertising featuring Haggar products.

Answers

The types of discounts and their examples are displayed below:

Discount Category   Example

Cash                           1. Chiquita's 3% discount for payment within 7 days.

Seasonal                    2. Hershey's offers of a low price for orders placed

                                       before June.

Seasonal                    3. Radio Flyer's lowered retailer's costs to encourage

                                      toy stores to order in May.

Quantity                    4. Reduced cost per pallet for orders above 1,000

                                      pallets.

Cash                          5. Rubbermaid's offer of 1% discount on bills paid

                                      within 10 days.

Trade                        6. Pepsi's offer to a grocery store of reduced pallet

                                     price in exchange of a large football-themed display.

Quantity                   7. Buying eight-pack Bars for $8.49 instead of a four-

                                     pack Bars for $5.49.

Trade                       8. Haggar's offer of reduced cost in exchange for

                                  Kohl's running local advertising with Haggar products.

Thus, each category of discounts has specific purposes it achieves.

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Becky Martinez owns stock in GBX Corporation. The GBX stock has a market value of $91,000 a share. If Becky receives $35,000.00 a year in dividends, what is the current yield? (Round your answer to 2 decimal places.)

Answers

Answer:

12.07%

Explanation:

which of the following sentence ls use active voice

Answers

Answer:

Where is the picture

Explanation:

1. Did any Enron employees act Unethical in any manner? If so, give specific
examples.

Answers

Enron faced an ethical accounting scandal in 2001 after using “mark-to-market” accounting to fake their profits and misused special purpose entities, or SPEs. Enron worked to make their losses seem less than they actually were, and “cooked the books” to make their income look much higher than it was.

Kiwi Airlines has fixed operating costs of $5.8 million, and its variable costs amount to 20 percent of sales revenue. The firm has $2 million in bonds outstanding with a coupon interest rate of 8 percent. Revenues for the firm are $8 million and the firm is in the 40 percent corporate income tax bracket. What is the firm's degree of financial leverage

Answers

Kiwi Airlines' degree of financial leverage is 1.36.

Data and Calculations:

Fixed operating costs = $5.8 million

Revenue = $8 million

Variable costs = 20% of sales = $1.6 million ($8 x 20%)

Earnings before interest and taxes = $600,000 ($8 - $5.8 - $1.6 million)

Bonds outstanding = $2 million

Coupon interest rate = 8%

Interest expense = $160,000 ($2,000,000 x 8%)

Earnings before taxes = $440,000 ($600,000 - $160,000)

Corporate income tax = 40%

Income Tax Expense = $176,000 ($440,000 x 40%)

Net Income = $264,000 ($440,000 - $176,000)

Degree of financial leverage = earnings before interest and taxes/earnings before taxes

= $600,000/$440,000

= 1.36

Thus, Kiwi Airlines' degree of financial leverage is 1.36.

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A thief stole Art's checkbook and forged Art's name as drawer of a check. The drawee paid the check in good faith and sent it to Art with the monthly statement on January 3, 2013. The thief forged other checks during February and March of 2013, which the drawee in good faith paid. All paid checks were sent to Art with monthly statements. On May 25, 2014, Art discovered all of the forgeries and notified the drawee. For which check(s) is Art entitled to be reimbursed

Answers

Based on the explanation given in the scenario, since, the drawee repeatedly followed protocol for every transaction performed, then Art's entitlement to reimbursement would be valid for none of the cheques.

The bank would not be held responsible for carelessness of the drawer and his failure to report vulnerabilities to his/her account.

Since the thief was able to successfully forge Art's signature, then it is imperative that the drawer is paid.

Transaction notification and statement were sent after each transaction and still Art made no report or compliant, hence, the bank would not be liable for any of his losses.

Hence, None of the withdrawals will be reimbursed.

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Identity 2 reasons why it is important for a young adult to establish credit.

Answers

Explanation:

Establishing credit is essential for young adults, as it involves supporting their financial needs in the long run.  

Reason 1: Establishing credit reflects a borrower's creditworthiness.

When you apply for a credit card, acquire a vehicle through financing, and even renting an apartment or buying a home all involves the creditors looking at the timeliness of your payments.  Credit cards or any type of loans are forms of debt (liabilities).  Creditors are also in the business of making money. Thus, they want to make sure that they are loaning their funds to a trustworthy borrower.

The creditors try to determine whether you are only making minimum payments on your credit card, or if you're paying your debt in full by the due date.  All of these factors reflect on your responsible use of finances and creditworthiness, which are the basis of your credit score as a borrower or debtor.  If your're making your payments on time and are reasonably paying for your debt, then you're able to build up your credit history.  Hence, the creditors will see you in a positive light the next time you apply for a loan.  The higher your credit score, the lower your interest rates will be.  

Reason 2: Employers run credit reports on job applicants.

Creditworthiness as a reflection of an individual's financial responsibility also has a positive bearing on how an employer views you as a prospective employee.  Employers want to hire trustworthy and reliable individuals. Thus, financial responsibility is highly relevant, especially when you're applying for positions that involve handling money or finances as a part of your job.

While some brokers still operate exclusively in person or online, the distinction between the three types has become increasingly

Answers

The practice of brokers transacting business online have been more increasing in recent time.

Brokers refers to individual or a firm acts as intermediaries between the buyer and seller for commission in return when executed.

Typically, the brokers provides various intermediary services in different field. For example, acting as intermediaries for investment, obtaining loan, purchasing real estate, purchasing insurance policy etc

While some brokers provides their services in contact with clients, some brokers provide their services online.

In conclusion, the practice of brokers transacting business online have been more increasing in recent time.

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The not payable relating to the June 2, and 10 transactions is a five-year note, with interest at the rate of 12 percent annually...

Answers

Du was going on and it was so funny I was just saying that I didn’t

Grady, Inc. manufactures model airplane kits and projects production at 650, 500, 450, and 600 kits for the next four quarters. Direct materials are 4 ounces of plastic per kit and the plastic costs $1 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 850 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter’s production. Grady desires a balance of 200 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.10 hours of direct labor at an average cost of $10 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.20 per kit, and fixed overhead is $165 per quarter. Prepare Grady’s direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and pre-determined overhead allocation rate to two decimal places.
Refer to the budgets prepared. Determine the cost per kit to manufacture the model airplane kits. Grady projects sales of 100, 150, 100, and 200 kits for the next four quarters. Prepare a cost of goods sold budget for the year. Grady has no kits in beginning inventory.

Answers

Grady, Inc.'s Direct Materials Budget, Direct Labor Budget, and Manufacturing Overhead Budget for the year are as follows:

Direct Materials Budget

                                            Quarter 1   Quarter 2  Quarter 3  Quarter 4   Total

Projected production                650          500            450          600      2,200

Ounces of plastic per kit              4               4                 4               4              4

Total materials required         2,600     2,000          1,800        2,400     8,800

Ending materials inventory        200         180             240           200

Raw materials available          2,800      2,180         2,040        2,600

Beginning materials inventory  850        200              180           240

Purchases of raw materials     1,950      1,980          1,860        2,360

Cost of materials purchased $1,950  $1,980     $1,860      $2,360  $8,150

Direct Labor Budget

                                            Quarter 1   Quarter 2  Quarter 3  Quarter 4   Total

Projected production                650          500            450          600      2,200

Hours per kit                              0.10          0.10            0.10          0.10         0.10

Total direct labor hours reqd.    65             50              45             60         220

Average cost per hour              $10            $10            $10            $10          $10

Total direct labor cost           $650         $500        $450        $600   $2,200

Manufacturing Overhead Budget:

Variable overhead                 $130         $100            $90         $120      $440

Fixed overhead                     $165         $165           $165         $165      $660

Total manufacturing o/h      $295        $265          $255        $285     $1,100

Manufacturing overhead/unit $0.45     $0.53       $0.57     $0.475     $0.50

Cost per Kit:

Direct materials cost per unit =  $4.00

Direct labor cost per unit            $1.00

Manufacturing overhead           $0.50

Cost per kit =                              $5.50

Cost of goods sold budget for the year:

                                 Quarter 1   Quarter 2  Quarter 3  Quarter 4   Total

Quarter Sales                100            150           100            200         550

Cost per unit             $5.50

Cost of goods sold   $550       $825         $550        $1,100       $3,025

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what is the main goal of people who work in the career feild of human services

Answers

People who work in human services help people overcome obstacles and access services such as counseling, therapy and rehabilitation. They work to improve the lives of those in need who are most in need of these services.

what is the biggest tower in the world.

Answers

Answer:

The Burj Khalifa, located in Dubai, has held its number 1 ranking, as the tallest building in the world, since 2010. It still is, as far as I know, the tallest building in the world, as of today, and sits approximately 2,717 ft tall.

Explanation:

Hope this is what you were looking for :)

DEF Ltd is a global leader in the manufacture, integration and support of networking and telecommunications systems. The company sells broadband wireless products and a line of handset equipment to operators in emerging and established telecommunications markets worldwide. The auditor reported material weaknesses in the company’s internal controls to the audit committee.    Significant deficiencies related to revenue and deferred revenue accounts and the associated cost of sales were noted. These material weaknesses were evidenced by the identification of six separate transactions aggregating approximately $5 million in which revenue was initially included in the Company’s financial statements before all criteria for revenue recognition were met. In addition, there were other transactions for which there was insufficient initial documentation for revenue recognition purposes, but which did not result in any adjustments to the Company’s financial statements. If unremediated, these significant deficiencies have the potential of misstating revenue in future financial periods.   The Company’s planned remediation measures reported to the audit committee include the following:   a.      The Company plans to design a contract review process in China requiring financial and legal staff to provide input during the contract negotiation process to ensure timely identification and accurate accounting treatment of nonstandard contracts.​

Answers

Answer:

DEF Ltd is a global leader in the manufacture, integration and support of networking and telecommunications systems. The company sells broadband wireless products and a line of handset equipment to operators in emerging and established telecommunications markets worldwide. The auditor reported material weaknesses in the company’s internal controls to the audit committee.    Significant deficiencies related to revenue and deferred revenue accounts and the associated cost of sales were noted. These material weaknesses were evidenced by the identification of six separate transactions aggregating approximately $5 million in which revenue was initially included in the Company’s financial statements before all criteria for revenue recognition were met. In addition, there were other transactions for which there was insufficient initial documentation for revenue recognition purposes, but which did not result in any adjustments to the Company’s financial statements. If unremediated, these significant deficiencies have the potential of misstating revenue in future financial periods.   The Company’s planned remediation measures reported to the audit committee include the following:   a.      The Company plans to design a contract review process in China requiring financial and legal staff to provide input during the contract negotiation process to ensure timely identification and accurate accounting treatment of nonstandard contracts.

des
11. Ashleigh has a pet boa constrictor named
Pauline. She keeps it in the most expensive,
escape-proof cage she can find. Regardless,
the boa escapes and kills the neighbor's famed
show cat which was valued at more than $5,000.
Will Ashleigh be liable?
at
ely
Will Ashleigh be liable

Answers

Answer:

yes

Explanation:

it was her boa constrictor so therefore she is held responsible

Michelle owns an independent bookstore and has observed that college graduates read more than people without degrees. She is considering offering a 10% discount on book purchases to customers who have a postsecondary degree. Why might Michelle's plan hurt rather than help her business

Answers

Considering the situation described in the question, the reason Michelle's plan might hurt rather than help her business is that "People who read more books are likely to have a higher willingness to pay than others."

This is because people with postsecondary degree encompasses college graduates; as such, people like that would buy more of her books than people that doesn't like to read.

However, since she will be selling at a discount to postsecondary degree people, this would lead to a loss in the long run since most of her books would be sold at discounts.

Hence, in this case, it is concluded that Michelle should instead sell books at discounts to people without degrees than people with degrees.

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Click on the Bloomberg
screen to examine refining
margins for US Mid-Continent
Topping refineries. What is the
overall margin trend across all
crude oil grades?

Answers

Answer:

It is mostly declining

Explanation:

..

US refining margins mostly trended slightly lower for the week ended April 23 but recovered from a midweek slump on a rosier picture for transportation fuels going forward, ending the week on an upward trajectory, and analysis from S&P Global Platts showed on April 26.

What does OPEC mean?

The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.

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