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salantis [7]
4 years ago
13

According to John Rawls, those in the original position must choose the principles of justice in ignorance of all of the followi

ng except but a. their socio-economic position. b. their individual conceptions of the good. c. their sense of justice. d. their individual allotment of natural assets and abilities.
Business
1 answer:
Colt1911 [192]4 years ago
5 0

Answer:

According to John Rawls, those in the original position must choose the principles of justice in ignorance of all of the following except but:

b. their individual conceptions of the good.

Society may launch projects that require giving some persons more power, income, status, etc. than others, to make life better off for the people who are now worst off, by raising the living standards of everyone in the community and empowering the least advantaged persons to the extent consistent with their well-being,  separately from their indiviadual conceptions of good, but for ethical theories.

Explanation:

According to Rawls, self-interested rational people behind the veil of ignorance would choose two general principles of justice to structure society in the real world:

a. Their socio-economic position:

Difference Principle: Social and economic inequalities should be arranged so that they are both, to the greatest benefit of the least advantaged persons, and attached to offices and positions open to all under conditions of equality of opportunity.

c. Their sense of justice:

Principle of Equal Liberty: Each person has an equal right to the most extensive liberties compatible with similar liberties for all, since it distributes extensive liberties equally to all persons. It is also quite egalitarian, since it distributes opportunities to be considered for offices and positions in an equal manner.

d. Their individual allotment of natural assets and abilities:

It is not egalitarian but makes benefit for some (those with greater talents, training, etc.) proportionate to their contribution toward benefiting the least advantaged persons.

 

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On October 31, 2016, the balances of the accounts appearing in the ledger of Prestige Furnishings Company, a furniture wholesale
ohaa [14]

Answer and Explanation:

A. The preparation of the multiple income statement is presented below:

                              Prestige Furnishings Company

                              Multiple-step income statement

                       For the year ended October 31, 2016

Sales                                   $6,144,850

Less: Cost of goods sold -$3,925,500

Gross profit                        $2,219,350

Less: Operating expenses

Administrative expenses    -$515,750

Selling expenses                 -$732,500

Supplies expenses              -$92,700

Total operating expenses   -$1340,950

Operating income                $878,400

Non operating income or others

Less: Interest expense         -$9,950

Net income                           $868,450

B. The major advantage is that the multiple-step income statement reflects the relationship between the gross profit ratio i.e gross profit to sales that  expressed in a percentage form and it also depicts the multiple levels indicating the operating expenses, operating income, non operating income, etc

6 0
3 years ago
If the supply curve for housing is perfectly inelastic, then a reduction in demand will cause the equilibrium price to: A. rise
inna [77]

Answer: D. fall and the equilibrium quantity to stay the same.

Explanation: Price elasticity of supply is simply the responsiveness of change in quantity supplied to a change in price of a particular commodity or service. Elasticity of supply is of different types. We have inelastic supply, elastic supply, perfectly inelastic and perfectly elastic.

Perfectly inelastic supply means the supply curve is vertical. There is not going to be any change in quantity supplied despite change in demand but only the price moves. So, if there is a reduction in demand, the equilibrium price will definitely fall while the quantity supplied remains the same.

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3 years ago
What do you feel is the main idea you learned about personal finance and financial literacy.
abruzzese [7]

Answer:

personal finance and Financial literacy gives an advantage to exploit the financial products available nowadays and to manage the resources of a single person or a family in the best way possible to achieve their goals.

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3 years ago
Henry Garrison starts the month with a balance on his credit card of $1,000. The average daily balance for the month including p
fomenos

Answer:

The correct answer is $13.245.

Explanation:

The balance for the credit card is $1000.

The average daily balance for the month including purchase is $883.

The average daily balance for the month excluding new purchase is $750.

The bank charges 1.5% per month using average daily balance including new purchases method.

The finance charges for the month will be

=$883\ \times\ 0.015

=$13.245

So, the finance charges for the month will be $13.245.

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3 years ago
On the statement of cash flows prepared by the indirect method, the Cash flows from operating activities section would includea.
taurus [48]

Answer:

b. gains or losses on fixed assets

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Operating activities: It includes those transactions that affect the after-net income working capital. It would deduct the increase in current assets and a decrease in current liabilities, while adding the decrease in current assets and an increase in current liabilities.

It would manage those adjustments in working capital. In addition, the depreciation costs are added to the net income and the loss on the sale of assets is added, while the profit on the sale of assets is deducted

7 0
3 years ago
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