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Alik [6]
4 years ago
12

When marx argued that capitalism “reproduces the class structure,” he meant that?

Business
1 answer:
Lisa [10]4 years ago
6 0
If you are rich, you own the means to make more money. Your son will then take over from you, and the class structure will remain intact. Likewise, if you are poor, you can only afford to work in a factory, you cannot pay for a good education for your child, they'll end up working in a factory  to survive. The class structure remains the same, each generation of rich people will exploit every generation of poor people. That was also why Marx thought the workers must unite and take control of the means of production, so that they would not be exploited. 
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Your mutual fund was valued at $237,500. It has lost 6% per year for the last 3 years. What is its value today?
BartSMP [9]

Answer:

$197,263.7

Explanation:

The current value can be found by use of the compound interest formula. Since the asset has been losing value at 6 % per year,

the interest rate will be -6%

The formula for compound interest is  FV = PV × (1+r)^n

in this case

FV= current value

PV= $237,500

r= -6% or -0.06%

n= 3 years

Fv= $237, 500 x ( 1 + (-0.06)^3

Fv=$237,500 x (0.94)^3

Fv= $237,500 x 0.830584

Fv= $197,263.7

The current value =$197,263.7

5 0
3 years ago
what is usually the highest percentage of family income that lenders allow for monthly mortgage payments
timama [110]
The highest percentage of family income that lenders allow for monthly mortgage payments usually is 36%. This is an example of debt-to-income ratio usage to determine the portion of debt taken by an individual and comparing it with his/her income. The ratio can be obtained by dividing the total debt and the total income of that individual.
4 0
3 years ago
Jacobs Company has inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.
vekshin1

Answer:

$210

Explanation:

Date    Description   Units  Price  Total Balance

1-Jun    Opening        15   $12   $180   $180  

5-Jun    Purchase      10      $13     $130          $310  

12-Jun   Purchase      20     $14     $280         $590  

17-Jun   *Sale             -30               -$380        $210  

*Working

Sale

Date          Units   Price     Total

17-Jun       -15 $12   $(180)  

                -10   $13   $(130)  

                -5   $14   $(70)  

Total Sale -30           -$380  

So, the correct answer is $210.

3 0
4 years ago
Kurnick Co. expects that the pound will depreciate from $1.70 to $1.68 in one year. It has no money to invest, but it could borr
Alik [6]

Answer:

Expected Profit of $21,000.

Explanation:

Kurnick Co. Initial amount borrowed = 1,000,000 pounds

Kurnick Co. converts the amount to dollars = 1,000,000 * 1.70 = $1,700,000.

Invests in 5% risk-free deposit.

Total dollar amount at the end of 1 year = $1,700,000 x 1.05 = $1,785,000.

Total amount owed on the pounds borrowed = 1,000,000*1.05 = 1,050,000 pounds.

Expected amount of dollars needed to repay the loan = 1,050,000 x 1.68 = $1,764,000.

Profit = $1,785,000 - $1,764,000 = $21,000.

7 0
4 years ago
Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the formula approac
mel-nik [20]

Answer:

Direct labor rate variance = Direct labor variance - Direct labor efficiency variance

Explanation:

Direct labor rate variance

Direct labor efficiency variance

Computation:

Direct labor rate variance = Direct labor variance - Direct labor efficiency variance

6 0
3 years ago
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