Explain the differences in recording the initial issue of stock for (a) par-value, (b) stated- value, and (c) no-par stock.
What will be an ideal response?
a. With par value stock, the par value is recorded as well as the difference between issue price and par. This difference between the par value and the issue price is recorded in a paid-in excess of par value account. The total issue price is recorded as an increase to cash.
b. Stated value stock is handled essentially the same way as par value stock.
c. With no-par stock, the entire amount of the proceeds from the stock issue is recorded into the stock account with no paid-in excess of par value account required.
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Answer the following statement(s) true (T) or false (F)
1. Businesses can utilize computers effectively only in the areas of record keeping and inventory control. 2. Spreadsheets are wonderful for asking “what if?” questions. 3. Lotus Notes is a collaboration tool that enables workers who are dispersed to work together in real time on documents and projects. 4. The only problem that firms utilizing very public networks (VPN) encounter is the threat of invasion of privacy. 5. Enterprise resource planning (ERP) systems are very complex, very expensive, and often require a change in organizational culture.
Discuss at least three methods of external recruitment. What are the costs and benefits of each method for the recruiting process in an organization?
What will be an ideal response?
Lou enters into an agreement with LaFancy Inc., an event management company, to coordinate her wedding in June for the sum of $10,000. In March, Lou calls LaFancy to tell the company the deal is off, because she thinks she can do a better job herself. LaFancy sues Lou, and Lou argues lack of consideration as a defense. Which of the following statements holds true of this scenario?
A. Lou can enforce LaFancy's promise to her. B. Lou was the only promisor in this contract. C. LaFancy had a legal duty to plan Lou's wedding even before the agreement was signed. D. LaFancy has given consideration.
What can strong conflict be bad?
What will be an ideal response?