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MindTap Business Law, 1 term (6 months) Printed Access Card for Cross/Miller's The Legal Environment of Business: Text and Cases, 10th (MindTap Course List)
10th Edition
ISBN: 9781337093842
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 4, Problem 1CT
Summary Introduction
Case summary:The Civil Rights Act was passed by Congress to prohibit racial discrimination in “establishments affecting interstate commerce”. The owner of HAM violated the act by refusing to accommodate African Americans and filed a case to get the act declared as unconstitutional. The case was dismissed by the district court. The appeal was filed before the Supreme Court which upheld the act as constitutionally valid.
To explain:The judgment when a business involved a small private retailer that did not advertise on a national level.
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MindTap Business Law, 1 term (6 months) Printed Access Card for Cross/Miller's The Legal Environment of Business: Text and Cases, 10th (MindTap Course List)
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- general accountingarrow_forwardYou have successfully started and operated a company for the past 10 years. You have decided that it is time to sell your company and spend time on the beaches of Hawaii. A potential buyer is interested in your company, but he does not have the necessary capital to pay you a lump sum. Instead, he has offered $500,000 today and annuity payments for the balance. The first payment will be for $270,000 in three months. The payments will increase at 1.4% per quarter and a total of 30 quarterly payments will be made. If you require an EAR of 13%, how much are you being offered for your company? (Do not round intermediate calculations. Round the answer to 2 decimal places, e.g., 32.16.)arrow_forwardCrane top uses the periodic inventory system. For the current month, the beginning inventory consisted of 486 units that cost $66 each. During the month, the company made two purchases: 720 units at $69 each and 355 units at $71 each. Crane also sold 1200 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month? 79,200 82,224 81,342 83,135arrow_forward
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