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Two examples of working capital class 9

Define Physical Capital, Fixed Capital, Working Capital

  1. Define Physical Capital, Fixed Capital, Working Capital and Human Capital with examples. asked Aug 10, 2018 in Class IX Social Science by muskan15 ( -3,980 points) the story of village palampu
  2. Working Capital Example - #2. Let us look at an example of Negative working capital. It is mainly possible in the retail sector. Let us look at one example of a major retail giant of the US, Walmart. Let us assume that Walmart buys 200,000 DVD's and is expected to pay the movie studio in the span of the next 30 days
  3. Each example of the Working Capital below states the topic, the relevant reasons, and additional comments as needed. Calculation Examples of Working Capital Example #1. Suppose ABC Limited has Current Assets $ 5,00,000 and Current Liabilities of $ 300,000. Fixed Assets are $ 1,00,000
  4. What Are Examples of Working Capital? Cash, cash equivalents, inventory and accounts receivable are examples of working capital. Calculating net working capital is a way to measure the liquidity of an entity. Net working capital is calculated by subtracting the current liabilities from the current assets on a company's balance sheet
  5. Give two examples of the working capital. Answer: Raw materials, Money in hand. Question 8. What do raw materials and money in hand call? Answer: The working capital. Question 9. The clay used by a potter is an example of which type of capital? Answer: Working capital. Question 10. Why is it important to use land very carefully? Answer
  6. A variety of inputs are required at every stage during production. This is called physical capital. Physical capital is of two types: Fixed capital: It is relatively durable and can be used repeatedly in he production of goods, for example, machinery, tools, building, etc. Working capital: Raw material and money in hand are called working capital
  7. Working Capital Example. In the following example, we calculate a company's working capital by reviewing its simplified balance sheet: Using the working capital formula and information from the table above, we can calculate the company's working capital: Working Capital = $160,000 - $65,000 = $95,000 (a positive sum)

Fixed capital. Working capital. Tools, machines (generator, computer etc.) and buildings are known as fixed capital. Liquidity (money in hand) and raw materials are known as working capital. These tools of production do not get exhausted easily and can be used over a long period of time Fixed capital is not at all liquid. Working capital is highly liquid. Conversion to cash. Not possible to convert into cash. Can be converted into cash. Objective served. Serves strategy oriented objectives. Serves operational objectives. Must Read: Articles for Commerce Students

What is meant by working capital? Answer: Raw materials and money in hand are called working capital. Question 24. Give two examples of fixed capital. Answer: Machines and buildings. Question 25. What role do markets play in the expansion of non-farm activities? Answer: Goods and services produced are sold in the markets. Question 26 Working capital, also known as net working capital (NWC), is the difference between a company's current assets, such as cash, accounts receivable (customers' unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Answer verified by Toppr. Get Instant Solutions, 24x7 9 Examples of Fixed Capital John Spacey, October 08, 2019. Fixed capital is a productive tangible asset with a useful lifespan of more than a year. Productive To be considered fixed capital an asset must be productive. This is considered in the context of your business. For example, 500 acres of land in the countryside may be productive to a. No borrowing and approved credit line- This point helps the company to utilise a small amount of working capital. Also Check: Difference between Fixed Capital and Working Capital. Working Capital Formula: Working capital = Current Asset - Current Liabilities. Example of Working Capital. XYZ Company Current Assets: Fund in the bank: ₹1,00,00 Fixed Capital and Working Capital are the two types of capital which mainly differs, on account of their usage in the business i.e. if it is utilized to serve long term requirements, they are terms as fixed capital, while if it serves short term requirements, it is called as working capital

Working capital is related with day-to-day activities in farming like use of seeds, pesticides, insecticides, manure, wages of labour etc. So production in farming is high for more working capital. Higher working capital would facilitate more purchase of seeds, fertilisers and wages, so higher yield would be there The Working Capital Requirement of a business is the sum of current assets or the amount of funds necessary to cover the cost of operating expenses of the business.. The two main components of working capital are current assets and current liabilities. The excess of current assets over current liabilities is known as working capital The working capital ratio is a very basic metric of liquidity. It is meant to indicate how capable a company is of meeting its current financial obligations and is a measure of a company's basic.

Working capital is the amount of available capital that a company can readily use for day-to-day operations. It measures a company's liquidity, operational efficiency, and short-term financial health Capital can be categorized in two forms - fixed capital and working capital. Fixed capital is used to acquire non-current assets that would serve the business for more than one accounting period Accounting Period Accounting Period refers to the period in which all financial transactions are recorded and financial statements are prepared question_answer Answers (2) the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities. The cash available for day-to-day operations of anorganization. Strictly speaking, one borrows cash (and not working capital) to be able to buy assets or to pay for obligations 9. _____ is man-made. It is possible to increase capital, whereas land is fixed. Therefore, it is very important that we take good care of land and other natural resources used in farming. Answer. Answer: 1. Families cultivating small plots of land 2. land 3. fixed 4. unequally 5. HYV seeds 6. chemical fertilisers 7. capital 8. Land 9. capital

Comparing the working capital of a company against its competitors in the same industry can indicate its competitive position. If Company A has working capital of $40,000, while Companies B and C have $15,000 and $10,000, respectively, then Company A can spend more money to grow its business faster than its two competitors. What is working capital Check the below NCERT MCQ Questions for Class 9 Economics Chapter 2 People as Resource with Answers Pdf free download. MCQ Questions for Class 9 Social Science with Answers were prepared based on the latest exam pattern. We have Provided People as Resource Class 9 Economics MCQs Questions with Answers to help students understand the concept very well

Physical Capital: variety of inputs required at different stages of production. Knowledge and Enterprise: Knowledge and enterprise to be able to put together land, labour and physical capital and produce an output. Q24: Who are small farmers? Answer: Farmers who own less than 2 hectares of land are regarded as small farmers Working capital, also known as net working capital, is the difference between a company's current assets, like cash, accounts receivable (customers' unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, like accounts payable. Factors affecting working capital requirement: 1. Length of Operating Cycle

Working Capital Example Top 4 Examples of Working Capita

NCERT Solutions for Economics, Chapter 1 - The Story of the village Palampur Intext Questions Page 3 Question 1. The following table 1.1 shows that the land under cultivation in India in units of million hectares. Plot this on the graph provided. (i) What does the graph show? (ii) Is it important to increase the area [ Working capital management involves balancing movements related to five main items - cash, trade receivables, trade payables, short-term financing, and inventory - to make sure a business possesses adequate resources to operate efficiently. The levels of cash should be enough to deal with ordinary or small unexpected needs, but not so high.

Class-12|B.St.|Ch-9|Financial Mgt.|Capital Structure with practical examples Cash, inventory, accounts receivable and cash equivalents are some of the examples of the working capitals. Capital is the synonym of the word Money and thus Working Capital is the wealth available to finance a corporation's day-to-day transactions. In financial terms, the difference between the current assets and current liabilities is.

Fixed Capital. Working Capital. 1. Tools and machines range from very simple tools such as a farmers plough to sophisticated machines such as generators, turbines, computers etc are fixed capital. 1. Raw materials and money in hand are called Working Capital e.g. clay, yarn etc. 2. Tools, machines and buildings can be used in production over. Working capital • Working capital is required to - operate the business - serve the customers - deal with some variation in the timing of cash flows • Working capital is a basic measure of both acompany's efficiency and its short -term financial health - Too much: may indicate inefficient use of resources, low retur Sale of Capital Assets 4. Invoice Discounting 5. Installment Credit 6. Factoring 7. Bank Loans 8. Trade Finance 9. Letter of Credit 10. Bank Overdraft. Additionally, learn about the advantages and disadvantages of the sources of working capital The amount of working capital that is needed by a company depends on many factors. One factor is the company's size. For example, $70,000 of working capital could be sufficient for a company with current liabilities of $100,000; however, a larger company having current liabilities of $600,000 is likely to need more than $70,000 of working capital Examples are property, plant, and equipment (PP&E) PP&E (Property, Plant and Equipment) PP&E (Property, Plant, and Equipment) is one of the core non-current assets found on the balance sheet. PP&E is impacted by Capex,. Working Capital is the capital available for daily operations and is calculated as current assets minus current liabilities

Working Capital Examples Top 4 Examples with Analysi

  1. Capital Capital is useful property that can be used to generate income such as property, structures, machines, equipment, vehicles and software. The working class do not own or control their own capital and must work for others. For example, a chef who owns their own restaurant is petite bourgeoisie whereas a chef who works for someone else is typically working class
  2. Check NCERT Solutions for Class 9 Social Science (Economics -Chapter 2: People as Resource). This is one of the most important chapters of CBSE 9th Syllabus and to score well in CBSE School exams.
  3. A business uses working capital in its daily operations; working capital is the difference between a business's current assets and current liabilities or debts. Working capital serves as a metric.

NCERT Book for Class 9 Social Science: Download Chapter-wise PDF of History, Geography, Economics, Civics 1. Every village in India is surveyed once in ten years during the Census and some of. What is Working Capital? Definition: The working capital ratio, also called the current ratio, is a liquidity ratio that measures a firm's ability to pay off its current liabilities with current assets. The working capital ratio is important to creditors because it shows the liquidity of the company. Current liabilities are best paid with current assets like cash, cash equivalents, and.

What Are Examples of Working Capital? - Reference

The Story of Village Palampur Class 9 Important Questions

The document Case Studies - (Chapter - 9) Financial Management, BST Class 12 | EduRev Notes is a part of the Commerce Course Business Studies (BST) Class 12 . Q. 1. Arun is a successful businessman in the paper industry. During his recent visit to his friend's place in Mysore, he was fascinated by the exclusive variety of incense sticks. WC= CA-CL WORKING CAPITAL MANAGEMENT Working capital management refers to a company's managerial accounting strategy designed to monitor and utilize the two components of working capital, current assets and current liabilities, to ensure the most financially efficient operation of the company. NEED OF WORKING CAPITAL MANAGEMENT Inventory. 9. Remunerative Capital and Auxiliary Capital: Capital which is given to workers in the form of wages is known as remunerative capital. For example, wages given to a factory worker. The auxiliary capital helps a labourer to produce goods. A big hammer, a pair of pliers, wood, etc., are auxiliary capital for a carpenter Working capital is defined as the excess of current assets over current liabilities. It forms a part of the aggregate capital of the business. Now, a business needs working capital to fund its short term obligations. Typically, firms with an optimum level of working capital indicate efficiency in managing its operations Social capital has been approached from many different theoretical perspectives so there are different approaches to understanding examples of social capital. For example, there is debate about whether social capital is the values, attitudes and beliefs such as norms, trust, belonging, etc. or the outcome of these mental constructs

Class 9 Economics Chapter 1 Extra Questions and Answers

  1. Some of the factors affecting the working capital of a company are as follows: Factors Affecting the Working Capital:. The firm must estimate its working capital very accurately because excessive working capital results in unnecessary accumulation of inventory and wastage of capital whereas shortage of working capital affects the smooth flow of operating cycle and business fails to meet its.
  2. Answer: The main problems of human capital formation in India are: (1) Rising population. The rising population adversely affects the quality of human capital. It reduces the per capita availability of existing facilities. (2) High regional and gender inequality. Regional and gender inequality lowers the human development level
  3. Capital. Capital refers to all manmade resources used in the production process. It is a produced factor of production. It includes factories, machinery, tools, equipment, raw materials, wealth etc. The payment for capital is interest. Characteristics. Capital is a manmade factor of production. It is mobile. It is a passive factor of production
  4. Working Capital = Current Assets - Current Liabilities The working capital ratio is the indicator of whether ample short-term assets are possessed by an organization for taking care of short-term debt. A ratio lower than 1 is an indicator of negative working capital while positive/sufficient working capital is usually indicated by a ratio.

Working Capital = $10,000 + $5,000 - $7,000 = $8,000. An increase in working capital indicates that the business has either increased current assets (that it has increased its receivables, or other current assets) or has decreased current liabilities, for example, has paid off some short-term creditors. Implications on M& Capital is more durable than money and is used to produce something and build wealth. Property rights give capital it's value and allow it to generate revenues and build wealth. Equipment, machinery, patents, trademarks, brand names, buildings, and land are a few examples. Let's look at an example Examples of Social Capital. Social capital is the value that comes from social networks, or groupings of people, which allow individuals to achieve things they couldn't on their own. Below are some of the ways that social capital can benefit communities. What are some examples from your own community

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The following are a few straightforward goals which i have tried to fulfil in my project:1) To study the various components of working capital.2) To analyze the liquidity trend.3) To analyze the working capital trend.4) To appraise the utilization of current asset and current liabilities and find out short-comings if any.5) To suggest measure. Cultural Capital Theory is a Marxist theory of differential educationl achievement. In contrast to cultural deprivation theory, cultural capital theory does not see working class culture as inferior, or lacking in any way, it just sees it as different to middle class culture. Instead of blaming working class underachievement on flawed working. ADVERTISEMENTS: The following points highlight the top approaches of working capital management strategies. They are:- 1. Conservative Approach 2. Aggressive Approach 3. Matching Approach 4. Zero Working Capital Approach 5. Working Capital Policies. 1. Conservative Approach: A conservative strategy suggests not to take any risk in working capital management and to carry high levels of [ Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 9 Financial Management. Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 12 Business Studies Financial Management MCQs Pdf with Answers to know their preparation level for the jth class during the nth time period or not; hence, such a variable is either zero or one. Other examples of this class of problems include line-balancing, critical-path scheduling with resource constraints, and vehicle dispatching. As a specific example, consider the scheduling of airline flight personnel. The airline has a number o

Knowledge workers spend 38% of their time searching for information. [dubious - discuss] They are also often displaced from their bosses, working in various departments and time zones or from remote sites such as home offices and airport lounges.As businesses increase their dependence on information technology, the number of fields in which knowledge workers must operate has expanded. Calculate working capital. This calculation is just basic subtraction. Subtract the current liability total from the current asset total. For example, imagine a company had current assets of $50,000 and current liabilities of $24,000. This company would have working capital of $26,000 For example, a woman may work on two levels: as a day care worker (working class), but also as a member of a household where she does the housework and mothering/child care, while her husband is a wealthy contractor (petit bourgeois, small capitalist class)

Working Capital Example & Meaning InvestingAnswer

mention two differences between fixed capital and working

  1. They fall into two broad categories: Expanding the types of income considered taxable. For example, instead of waiting to tax capital gains until assets are sold, the tax code could impose a mark-to-market system, which would impose tax annually on the gain in value of assets that high-income individuals hold, whether or not they are sold
  2. The bottom fifth receives just 2.8 percent of tax-expenditure benefits (compared to 32 percent of entitlement benefits). b; The top 1 percent of the population receives 23.9 percent of tax-expenditure benefits — more than eight times as much as the bottom fifth of the population, and nearly as much as the middle 60 percent of the population
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  4. ation, and exploitation. The American people are alleged to be a.
  5. Take online courses on Study.com that are fun and engaging. Pass exams to earn real college credit. Research schools and degrees to further your education
  6. India, officially the Republic of India (Hindi: Bhārat Gaṇarājya), is a country in South Asia.It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west.

Top 5 Difference between Fixed Capital and Working Capita

As a working capital example, here's the balance sheet of Noodles & Company, a fast-casual restaurant chain. As of October 3, 2017, the company had $21.8 million in current assets and $38.4 million in current liabilities, for a negative working capital balance of -$16.6 million Working capital definition and example. Working capital is defined as current assets minus current liabilities. For example, if a company has current assets of $90,000 and its current liabilities are $80,000, the company has working capital of $10,000. Note that working capital is an amount. Some of the factors that determine the amount of. working capital is known as the circulating capital as it circulates in the business just like blood in the human body. 1. Gross Working Capital: It refers to the firm's investment in total current or circulating assets. 2. Net Working Capital:The term Net Working Capital has been defined in two different ways: i

The Story of Village Palampur Class 9 Extra Questions

The Working Capital Cycle • Not all businesses have the same need to invest in working capital • Much depends on (1) The nature of the production process (i.e. what and how something is being produced), and (2) The way in which the product is distributed to customer Working capital is the money that remains if you subtract a company's current liabilities from its current assets. All else being equal, the more working capital a company has on hand, the less financial strain it experiences. However, a company that keeps too much working capital on hand isn't using its working capital efficiently We thus see that if capital grows rapidly, competition among the workers grows with even greater rapidity - i.e., the means of employment and subsistence for the working class decrease in proportion even more rapidly; but, this notwithstanding, the rapid growth of capital is the most favorable condition for wage-labour Cultural Capital refers to the skills and knowledge middle class parents have that they can use to give their children an advantage in the education system.. A closely related concept is Social Capital - which is the support and information provided by contacts and social networks which can be converted into educational success and material rewards Subject-Verb. Agreement. If your computer is equipped with PowerPoint, click on the PowerPoint icon to the right for a brief PowerPoint presentation on Subject-Verb Agreement. Click HERE for help with Powerpoint. Basic Principle: Singular subjects need singular verbs; plural subjects need plural verbs. My brother is a nutritionist

Which of the following is an example of working capital

  1. es the amount of working capital that is needed. For, e.g., bigger companies require more working capital than smaller ones. 3
  2. 9.3.2. Class Objects¶ Class objects support two kinds of operations: attribute references and instantiation. Attribute references use the standard syntax used for all attribute references in Python: obj.name. Valid attribute names are all the names that were in the class's namespace when the class object was created
  3. In examples 1 through 4, each set had a different number of elements, and each element within a set was unique. In these examples, certain conventions were used. The following conventions are used with sets: Capital letters are used to denote sets. Lowercase letters are used to denote elements of sets
  4. There are two broad concepts of working capital namely, Gross working capital and Net working capital. Gross working capital (or, simply working capital) refers to the investment done in the current assets. Net working capital, on the other hand, refers to the amount of current assets that is in excess of current liabilities
  5. al accounts, and valuation accounts. A brief explanation of each is given below: 1. Personal accounts: The accounts related to real persons and organizations are classified as personal accounts
  6. The following page provides you NCERT book solutions for class 9 social science, social science class 9 notes in pdf are also available in the related links between the text. Chapter-2People as Resource Very Short Answers:- 1.Which resource is superior to all resources? Ans. Human resource. 2. What is meant by human capital formation ? Ans

of the class for corporate law purposes. 2 The PUC of a class of shares is equal to its stated capital, plus or minus certain adjustments specified in the Act. The adjustments are generally designed to prevent a corporation from using tax-deferred transactions to increase the stated capital of the corporation and thereby obtain an increased PUC Strategies for optimizing your cash management 3 Accounts receivable, accounts payable and inventory are all components of working capital that companies can streamline to access cash trapped on their balance sheets

9 Examples of Fixed Capital - Simplicabl

The firm's ability to use Net Working Capital to pay off its current liabilities. In 1999 it means for example that every 365/62.65 = 5.9 days the firm is able to sell its inventories as opposed to the industry average of 6.9 days. Days' sales in receivables has gone down over time, but is still better than the industry average. So, while. Current ratio is a measure of liquidity of a company at a certain date. It must be analyzed in the context of the industry the company primarily relates to. The underlying trend of the ratio must also be monitored over a period of time. Generally, companies would aim to maintain a current ratio of at least 1 to ensure that the value of their. The ratio is the relative proportion of an entity's current assets to its current liabilities, and shows the ability of a business to pay for its current liabilities with its current assets. A working capital ratio of less than 1.0 is a strong indicator that there will be liquidity problems in the future, while a ratio in the vicinity of 2.0 is. Net working capital is the difference between a business's current assets and its current liabilities. Net working capital is calculated using line items from a business's balance sheet. Generally, the larger your net working capital balance is, the more likely it is that your company can cover its current obligations

What is Working Capital in Accounting? meaning, definition

2. Working Capital: Major investments may require increases to working capital. For example, new production facilities often require more inventories and higher salaries payable. Therefore, we need to consider the net change in working capital associated with our project. Changes in net working capital will sometimes reverse themselves at th BorderPane. The BorderPane layout pane provides five regions in which to place nodes: top, bottom, left, right, and center. Figure 1-1 shows the type of layout that you can create with a border pane. The regions can be any size. If your application does not need one of the regions, you do not need to define it and no space is allocated for it Family life is changing, and so, too, is the role mothers and fathers play at work and at home. As more mothers have entered the U.S. workforce in the past several decades, the share of two-parent households in which both parents work full time now stands at 46%, up from 31% in 1970. At the same time, the share with a father who works full time and a mother who doesn't work outside the home. Army Working Capital Fund (AWCF) and decision-makers at all levels more aware of costs for goods and services. The Army's revolving fund activities evolved from two separate types of funds. The first type, known as the Stock Fund, procured spare parts in volume to either sell to customers or hold in inventory

Difference Between Fixed Capital and Working Capital (with

In 2008-09, net working capital available with the company was adequate. The ratios that were found to be satisfactory are quick ratio, debt-equity ratio, return on 2.2.1 Format of Profit and Loss Statement 9 2.2.2 Contents of Profit and Loss Statement 10 2.3 Financial Ratios 13 2.3.1 Objectives 13. Marxist concept with reference to capitalism consists of two classes: Capitalist: were the owners of the capital or the Capitalist class. Workers: constituted the workers or the labor class. Class, however, still is defined based on the ownership of crucial resources (economic, or political) and decides the status of an individual or a group The other factor mentioned in the paragraph which is likely to affect the working capital requirement of their business is 'Credit availed.' Since as a policy, they take fifty percent of the payment as advance from the client before the start of an event, their requirement of working capital is reduced. Question 9 For example: Working capital investment levels. The level of working capital required is affected by the following factors: (1) The nature of the business, e.g. manufacturing companies need more inventory than service companies. (2) Uncertainty in supplierdeliveries. Uncertainty would mean that extra inventory needs to becarried in order to.

Class 9 Economics SST The story of village palampur - Free

working class definition: 1. a social group that consists of people who earn little money, often being paid only for the. Learn more Working capital is a specific kind of capital in your business. You use working capital to pay for the day-to-day operations of your business. Working capital converts into cash more quickly than other investments (e.g., a new oven at a bakery). This means working capital is moving in and out of your business more quickly, so be sure to keep up. So, ace up your preparation with MCQ of Chapter 2 Economics Objective Questions. People as Resource Class 9 MCQs Questions with Answers. Appearing Students of Class 9 Exams can download MCQ on People as Resource Class 9 with Answers from here. By practicing Class 9 Economics Chapter 2 MCQ with Answers, you can score well in the exam

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The treatment of the sale of SR&ED capital property is an example of these rules (see section 9.1). SR&ED capital property is also deemed to be of a separate prescribed class for CCA. As such, an amount may be required to be included in the claimant's income as recapture of CCA if the property is disposed of (see section 9.1) Current Ratio = 2:1 . Let Current Assets be = Rs. 20,000 Current Liabilities = Rs. 10,000 a) Cash paid to Trade Payables- Improve Reason: Payment results into decrease in Current Assets and Current Liabilities with same amount but with a positive impact on Current Ratio.. Example: Amount paid to Creditors Rs. 5,000. Current Asset = Rs. 20,000 - Rs. 5,000 (Cash) = Rs. 15,00

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$2.2 million EBITDA x 4.0X Multiple = $8.8 million entity value. Working capital of $1.5 million, of which is $500,000, is considered a working capital surplus and, therefore, is added to the purchase price. $8.8 million entity value + $500,000 excess working capital = $9.3 million value 5.3 AND THE CONFLICT HELIX Chapter 5 of Vol. 2: The Conflict Helix, which describes my view of class conflict as part of the social conflict process, reveals many similarities between the conflict helix and the dynamic perspectives of Marx and Dahrendorf.This section makes these similarities and some of the differences explicit. The conflict helix begins analytically with a conception of the. Determination of amount of fixed capital is to be done very cautiously as it involves large amount of fund, impact is for long term, existence of high risk, and decision is irreversible.Factors to be considered are:1) Nature of Business: The type of business has a bearing upon the fixed capital requirements. For example, a trading concern needs lower investment in fixed assets compared with a. = 4,20,000 / 1,42,000 = 2.96 times (d) Working Capital Turnover Ratio: It reflects relationship between revenue from operations and net assets (capital employed) in the business. Working capital turnover ratio = Net Revenue from Operation / Working Capital. Profitability Ratio Examples. Many NBA stars, both past and present, have used their cultural capital to have successful basketball careers. Caron Butler, Allen Iverson, and DJ Mbenga, for example, all came from.