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salantis [7]
3 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]3 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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Riley Company promises to pay Janet Anderson or her estate $150,000 per year for the next 10 years, even if she leaves the compa
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Answer:

The Answer is explanatory so it is given as under:

Explanation:

<u>Part 1. At the start of the year:</u>

The part of the salary includes $150,000 per year for the next 10 years and this must be recorded as an deferred compensation liability. All we have to do is to calculate the present value of the annual salary payments.

Present Value = Annual Payment * Annuity factor

And for Annuity factor we will use 5% rate of interest.

So

Annuity Factor = (1 - (1-r)^n) / r

Here

r = 5%

n = 10 years

Which means

Annuity Factor = (1 - (1 + 5%)^10)  / 5%   = 7.722

Hence

Present value = $150,000 * 7.722 = $1,158,260

So the journal entry would be as under:

Dr Deferred Compensation expense $1,158,260

Cr    Deferred Compensation Liability $1,158,260

<u>Part 2. At the end of the Year 1:</u>

At the first year end, the annual payment of $1,158,260 will be discounted back by using the following formula:

Discounted Back Amount = Annual Amount * (1- (1+r)^n)

Remember for the first year n is 10, for second n is 9 and so on.

Discounted Back Amount = 150,000 x (1 - 0.614) = $57,913

Dr Deferred Compensation Expense   $57,913

Cr    Deferred Compensation Liability        $57,913

Part 3. And when the first payment of the salary is made, the journal entry would be:

Dr Deferred compensation Liability $ 150,000

Cr                                       Cash Account    $150,000

Likewise we will till the year 10 and will record the part 2 and part 3 until at the end of the year 10, the whole of the deferred tax liability is reduced to zero.

The life insurance policy payments can not be offset against the deferred compensation liability because it will be accounted for as a different transaction and hence must not be treated as Riley desires.

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The five generic types of competitive strategies include
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Answer:

The correct answer is B) low-cost provider strategies, broad differentiation strategies, best-cost provider strategies.

Explanation:

A competitive advantage allows one company to produce or sell goods more effectively than another company. For that reason, entrepreneurs always try to develop competitive strategies that help them maintain that advantage.

According to researcher researcher Michael E. Porter, there are at least four types of competitive strategies: differentiation, cost leader, low cost approach, and low cost differentiation. Each entrepreneur can use one of these standard strategies or develop his own strategy since flexibility is an important characteristic of competitive strategies, although the reality is that most companies use one of these four generic strategies.

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Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mar
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Answer:

C. Neither Mary nor Sharon can claim breach of contract.

Explanation:

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Sharon agrees to do so, provided she has the time for it.

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The reason is Mary's promise is based on the condition that Sharon checks the result, Sharon's promise is based on the condition that 'if she has the time for it.'

The condition was not met by Sharon hence she cannot claim a breach of contract because she did not check the results, similarly, Mary cannot sue Sharon because sharon made it clear that she will only check If she has the time.

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