If a conversation with one's supervisor about applying for a promotion results in a question about age and a response by the supervisor when she found out that the applicant was 63 that the applicant would "probably not" get the position, coupled with
the fact that the applicant had better performance evaluations than the younger woman who was awarded the position, would not a reasonable lay person in the position of the applicant think she had been discriminated against because of age?
Ms. Zippittelli would have a reasonable basis to think that she had been discriminated against because of her age on the facts of this case as they initially developed. She filed a charge with the EEOC on this matter, and in the investigation and conciliation process before the EEOC she would be informed of her burden of proof under a "direct evidence discrimination theory" and under the McDonald Douglas model. A critical evaluation at this point matching up her facts with the legal theories should have indicated that her case was not strong. The EEOC issued her a "right to sue" letter, and she hired an attorney to evaluate and pursue her case on the age theory (and other theories) of discrimination. Discovery and depositions followed. This expensive process for the plaintiff and the employer sometimes yields evidence allowing a plaintiff to build a solid case. A solid case meeting the high standards of proof required did not develop in the pre-trial procedures, however. After perhaps thousands of dollars in legal fees at this point, one could speculate a decision to "go for it with the jury", who in their common sense and experience might see the discrimination perceived by the plaintiff and award her damages. However, the defendant's motion for summary judgment was granted for the reasons set forth in the opinion, and the matter did not get to a jury. If no material fact in the case is disputed, either party may file a "motion for summary judgment". Using affidavits or deposition testimony obtained in discovery, the moving party was able to establish that there were no factorial issues in dispute and the case could be decided as an issue of law by the judge.
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The Vernon Corporation was formed on January 2, 2018. The company sold 20,000 shares of $8.00 par value stock for $20.00 per share. On July 1, 2018, Vernon bought back 4,000 shares of stock for $24.00 per share. The treasury stock was resold on September 1, 2018 for $32.00 per share.Which one of the following is the correct entry to record the resale of treasury stock?
A.
DR Cash | 128,000 | ? |
CR Treasury stock | ? | 96,000 |
CR Retained earnings | ? | 32,000 |
B. DR Cash 128,000 CR Common stock 128,000
DR Cash | 128,000 | ? |
CR Common stock | ? | 128,000 |
C.
DR Cash | 128,000 | ? |
CR Treasury stock | ? | 96,000 |
CR Paid-in capital from treasury stock | ? | 32,000 |
D.
DR Cash | 128,000 | ? |
CR Treasury stock | ? | 96,000 |
CR Gain on sale of treasury stock | ? | 32,000 |
The revenue cycle involves the procedures in generating a sales order, shipping the products, recording the transaction and collecting the receivable
a. True b. False Indicate whether the statement is true or false
The effective interest method of amortization of bond premiums and discounts is superior to the straight-line method because it results in a(n)
a. more variable interest rate. b. uniform rate of interest. c. interest rate that increases or decreases slightly over time. d. interest rate that is close to the market interest rate.
Generally speaking, all advertising messages are designed to
A. comply with FCC rules combined with FTC antitrust regulations. B. match production scheduling with consumer demand. C. inform, persuade, or remind customers. D. meet the needs of society. E. entertain or apprise.