Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Question: "I don't care how rich the very rich are. I care if they became rich in an unethical way, or if they use their riches in a particularly vulgar or revolting way. I wouldn't mind if they lost [their wealth] or had it taxed away. But I don't mind if they keep it either. But I do find poverty of the very poor unlovely. That condition deserves, in my opinion, our most intensive care. I believe that the present focus on inequality of income diverts national attention from it" [Stein, 1996, p. A14]. Do you agree with this statement? Is it consistent with utilitarianism?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92308799

Have any Question?


Related Questions in Basic Finance

Oceangate sells external hard drives for 300 each its total

OceanGate sells external hard drives for $300 each. Its total fixed costs are $30 million, and its variable costs per unit are $240. The corporate tax rate is 30%. If the economy is strong, the firm will sell 2 million d ...

What is the value of an investment that pays 25000

What is the value of an investment that pays $25,000 every  other  year forever, if the first payment occurs one year from today and the discount rate is 9 percent compounded daily? What is the value today if the first p ...

What effect would a change in the debt to equity ratio have

What effect would a change in the debt to equity ratio have on the weighted average cost of capital and the cost of equity capital of the firm?

What would be a potential investment strategy that would

What would be a potential investment strategy that would basically take advantage of the fact that we are currently in the longest bull market in a while and also that index investing has become really popular. (how does ...

Why is environmental analysis important for an organization

Why is environmental analysis important for an organization? Please be detailed.

A factory costs 800000 you reckon it will produce an inflow

A factory costs $800,000. You reckon it will produce an inflow after operating costs of $170,000 a year for 10 years. If the opportunity cost of capital is 14%, what is the net present value (NPV) of the factory? NPV=PV ...

Question - how do book value and market value differ

Question - How do book value and market value differ? Provide an example found in a peer-reviewed journal article.

If you pay 55 for a share of common stock that has a

If you pay $55 for a share of common stock that has a constant growth rate of 6% and it is expected to pay a dividend of $1.25 what would be your return (hint: solve for kc and be careful about the dividend - it has alre ...

Question - we bought a stock for 4585 four years ago and we

Question - We bought a stock for $45.85 four years ago and we can sell it for $59.13 today. The stock does not pay dividends. What annual rate of return have we earned?

Question - the atlantic company plans to open a new branch

Question - The Atlantic Company plans to open a new branch office in a suburban area. The building will cost $200,000 and will be depreciated (on a straight-line basis) over a 20 year life to a $0 estimated salvage value ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As