does the Gini ratio relate to the Lorenz curve? Why can’t the Gini ratio exceed 1? What is implied about the direction of income inequality if the Gini ratio declines from 0.42 to 0.35? How would one show that change of inequality in the Lorenz diagram?
4. Why is the lifetime distribution of income more equal than the distribution in any specific year?
5. Briefly discuss the major causes of income inequality. With respect to income inequality, is there any difference between inheriting property and inheriting a high IQ? Explain.
Discuss why management is ultimately responsible for the information contained in the financial statement.Apr 09 2020
For any two â but no more â of the bond features below, explain whether their presence in a bond contract would make the bonds more attractive or less attractive as a...May 26 2021
How can you make the first telephone conversation with an employer impressive?Aug 23 2021
Blue Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Blue had the following...Jun 30 2021
The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $10,798 Total assets 4,555 End of year balance in cash 1,116 To...Aug 08 2021
What is a benefit to a career in accounting? a. High salaries. b. Wide range of job opportunities. c. High demand for accounting graduates. d. All of these answer ch...Aug 23 2020
Kiwifruit Pies (KP) Ltd. is a commercial pie making business, owned and managed by Nigella Horner. KP supplies large kiwifruit pies (3.5 kilograms (kg) in weight) to the ...Aug 13 2021
Budgeted Income StatementCoral Seas Jewelry Company makes and sells costume jewelry. For the coming year, Coral Seas expects sales of $15.9 million and cost of goods sold...Aug 08 2021
How does our tax system influence the use of debt financing by corporations?Here is a tip:The tax base is calculated from EBIT minus the interest expenses.Apr 24 2021
Y3K, Inc., has sales of $6,319, total assets of $2,935, and a debt–equity ratio of 1.30. If its return on equity is 14 percent, what is its net income? Do not round inter...May 21 2018