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?

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false

Explain how can you avoid conflict by adjusting

Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.