In Katzenback v. McClung, concerning race discrimination at a restaurant, the Court held that the Constitution does not allow federal regulation of purely local businesses, even if the goal is socially desirable
a. True
b. False
Indicate whether the statement is true or false
False
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When underpayment inequity is perceived, an employee will most likely:
A. reduce his or her inputs. B. decrease his or her outcomes. C. feel that any effort will be fairly rewarded. D. exert effort at work.
In regard to a promissory note, the person obligated to pay is the
a. payor. b. promissor. c. bank. d. maker.
Fact Pattern 12-1AJesse defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal¾a student loan accruing interest at a certain rate and payable beginning on a certain date¾was unfair because the consideration for their contract was inadequate.Refer to Fact Pattern 12-1A. If, as Jesse claims, the consideration in this problem is inadequate, it may indicate a lack of
A. accord in Jesse's satisfaction with the value of the deal. B. bargained-for exchange or mutual assent. C. flexibility on the part of College Credit to accommodate Jesse's needs. D. "heft," "substance," or "weight" in the terms of the contract.
On January 1, 2018, Deuce Inc. acquired 15% of Wiz Co.'s outstanding common stock for $62,400 and did not exercise significant influence. Wiz earned net income of $96,000 in 2018 and paid dividends of $36,000. The fair value of Deuce's investment was $80,000 at December 31, 2018. On January 3, 2019, Deuce bought an additional 10% of Wiz for $54,000. This second purchase gave Deuce the ability to significantly influence the decision making of Wiz. During 2019, Wiz earned $120,000 and paid $48,000 in dividends. As of December 31, 2019, Wiz reported a net book value of $468,000. At the date of the second purchase, Deuce concluded that Wiz Co.'s book values approximated fair values and attributed any excess cost to goodwill.On Deuce's December 31, 2019 balance sheet, what balance was reported
for the Investment in Wiz Co. account? A. $117,000. B. $134,400. C. $141,200. D. $152,000. E. $143,400.