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In “The False Income-Inequality Narrative,” Jason L. Riley argues that fairness is not about getting money from more productive persons and giving it to less productive persons because welfare breeds passivity and make people have less desire to work; disparities are “normal” since pure fairness doesn’t exist due to demographic, cultural and other factors; shining immigrants show that citizens are still able to find opportunities to grow without being subsidized.
Prompt:
I want you to write your own "agree/disagree BUT" thesis statement in response points made in the previous statements. I don't want a simple "agree" or "disagree" response -- I want something more nuanced. For example, you may write, "I agree with this part of author's argument but not this other part,"
Then, I want you write two or three sentences in which you IDENTIFY and RESPOND TO (AGREE/DISAGREE WITH) two or three specific claims that the author makes or uses.
A financial advisor at Diehl Investments identified two companies that are likely candidates for a takeover in the near future. Eastern Cable is a leading manufacturer of flexible cable systems used in the construction industry, and ComSwitch is a ne..
Use the information in Exhibit 1.10 to explain what amounts and proportions of Bank of America's earnings come from each different line of business. Which lines of business likely produce the most predictable or stable earnings?
Betty paid $5,000 of state income taxes in 2011. She also paid $75 in vehicle/property taxes to renew her vehicle as well as $3400 in real estate taxes on a lot of land she owns in Hawaii. She also paid $2500 in sales tax on the purchase of a new boa..
You are due to receive ten annual payment of $1500 each,the first payment to be received 5 years from now. You can invest each of these payments into an account that offers a 4 percent, semi-annual interest rate. Compute the present value ( t=0) of t..
The great, great grandparents of one of your classmates sold their factory to the government 104 years ago for $150,000. If these proceeds had been invested at 6%, how much would this legacy be worth today? Assume annual compounding.
Sarah purchased a stock one year ago at a price of $32 a share. In the past year, she has received four quarterly dividends of $0.75 each. Today she sold the stock for $38 a share. Her capital gain per share is
You likely have read about the Sarbanes-Oxley Act. Why do you suppose Congress passed this law? In your opinion, is the law providing any benefit for the average investor? Do you think if we have enough such laws, it will eventually be impossible ..
Define the various capital budgeting methods such as net present value (NPV), internal rate of return (IRR), and so on, and explain how they differ from one another. Identify which, if any, of the methods discussed might be superior to the others and..
Green Tea House has a 35 percent tax rate and an interest tax shield valued at $6,728 for the year. How much did the firm pay in annual interest?
The Anson Jackson Court Company (AJC) currently has $200,000 market value (and book value) of perpetual debt outstanding carrying a coupon rate of 6%. Its earnings before interest and taxes (EBIT) are $100,000, and it is a zero growth company. It is ..
Calculate the first and second year ANNUAL payment that you could withdraw for a "growing annuity" using the following assumptions: Interest rate = 10% Inflation rate = 5% Remaining life expectancy = 29 years Amount invested at retirement date = $800..
Acme has branched out to rentals of office furniture to start-up companies. Consider a $4,600 desk. Desks last for six years and can be depreciated on a five-year MACRS schedule. Assume administrative costs drop to $360 per year. The company has just..
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