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Constitutional Law Quiz 2
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Rodrick, the chief executive officer of Social Post Host Inc., claims that certain actions by the state of Texas infringe on rights guaranteed by the Bill of Rights. Most of these guarantees have been held to limit
federal and state actions
Port Harbor City enacts an ordinance that bans the distribution of all printed materials on city streets. Later, Quint protests a new "revenue-enhancing" measure also enacted by the city by distributing handbills. When Quint is charged with violating the printed-materials ban, he files a suit against the city. Most likely, the court will hold that the ban is
an unconstitutional restriction of speech
The Long-haul truckers Association wanted the federal government to spend funds to build a new highway. Congress can spend revenues
To promote any objective that it seems worthwhile
Sustainable Products Corporation regularly expresses opinions on political issues. Under the First Amendment, corporate political speech is
protected
Taco Hot Dogs, Inc., regularly advertises its products. Under the First Amendment, in comparison with noncommercial speech, the protection given these ads is
less extensive
Utah enacts a law that restricts certain kinds of advertising to protect consumers from being misled. This law would likely be held by a court to be
constitutional under the First Amendment
Jon, a law enforcement official, monitors Kelsey's Internet activities—e-mail and Web site visits—to gain access to her personal financial data and student information. This may violate Kelsey's right to
Freedom from unreasonable searches
A statute enacted by the Arizona state legislature to regulate trucking affects interstate commerce. In evaluating this statute, the courts will balance the burden that it imposes on interstate commerce against
the state's interest in regulating the matter
Congress enacts a law prohibiting toys made in Indonesia from being sold in the United States. The Washington state legislature enacts a law allowing the sale of Indonesian-made toys. Washington's law will most likely be
Rendered invalid under the supremacy clause
A decision by the federal Environmental Protection Agency (EPA) on the amount of carbon that can be emitted from a car's exhaust system conflicts with a California state law. In this situation, under the supremacy clause,
the EPA's decision takes precedence
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Find the value of each expression. $$ 10^4 $$
algebra
Rewrite a percent as a decimal. Rewrite as a decimal. $80 \%=0.8$ 1a. $25 \%$ 1b. $5 \%$
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Suppose the Federal Reserve announced that it would pursue contractionary monetary policy to reduce inflation. For the following condition, explain whether it would make the ensuing recession more or less severe. There is little confidence in the Fed's determination to reduce inflation.
finance
Moya Co. establishes a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in January (the last month of the company’s fiscal year). $$ \begin{matrix} \text{Jan. 3} & \text{A company check for \$150 is written and made payable to the petty cashier to establish the petty cash fund.}\\ \text{14} & \text{A company check is written to replenish the fund for the following expenditures made since January 3.}\\ \quad & \text{a. Purchased office supplies for \$14.29 that are immediately used up}\\ \quad & \text{b. Paid \$19.60 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Moya uses the perpetual system to account for inventory.}\\ \quad & \text{c. Paid \$38.57 to All-Tech for repairs expense to a computer}\\ \quad & \text{d. Paid \$12.82 for items classified as miscellaneous expenses.}\\ \quad & \text{e. Counted \$62.28 remaining in the petty cashbox.}\\ \text{15} & \text{Prepared a company check for \$50 to increase the fund to \$200.}\\ \text{31} & \text{The petty cashier reports that \$17.35 remains in the fund. A company check is written to replenish the fund for the following expenditures made since January 14.}\\ \quad & \text{f. Paid \$50 to The Smart Shopper in advertising expense for January’s newsletter.}\\ \quad & \text{g. Paid \$48.19 for postage expenses}\\ \quad & \text{h. Paid \$78 to Smooth Delivery for delivery expense of merchandise, terms FOB destination}\\ \text{31} & \text{The company decides that the January 15 increase in the fund was too little. It increases the fund by another \$50, leaving a total of \$250.}\\ \end{matrix} $$ 1. Prepare journal entries (in dollars and cents) to establish the fund on January 3, to replenish it on January 14 and January 31, and to reflect any increase or decrease in the fund balance on January 15 and 31. 2. Explain how the company’s financial statements are affected if the petty cash fund is not replenished and no entry is made on January 31.
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