In 1960 a group of black students from the greensboro campus of the university of north carolina “sat in” at a drug store lunch counter. they deliberately went to a business that they knew would discriminate against them and when asked to leave, they stayed in their seats. the owners called the police, and the students were arrested. in response to events like this, the federal government eventually passed a series of civil rights laws that prohibited business owners from refusing to serve people because of race or certain other factors. explain how these laws violate the principle of freedom of contract. what force did adam smith expect to regulate the social behavior of freely contracting businesses? do you think this force was insufficient in a situation like greensboro’s? are there some freedoms business owners should not have in any case?

Serious question, which is preferred in a business? pp or poopoo?

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?

What type of stock does a large company issue?