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Business has a backlog of orders, and to meet its deadline
A business has a backlog of orders, and to meet its deadlines, management decides to run the firm seven days a week, eight hours a day. One of the employees, Marjorie Tollens, refuses to work on Saturday on religious grounds. Her refusal to work means that the firm may not meet its production deadlines, and may therefore suffer a loss of future business. The firm fires Tollens and replaces her with an employee who is willing to work seven days a week. Tollens claims that in terminating her employment, her employer violated her constitutional right to the free exercise of her religion. Do you agree? Why, or why not?
Common stock without par value, 4,000,000 shares authorized, 890,000 shares issued, also 700,000 shares outstanding $2,400,000 Required. Calculate the average price at which the shares were issued.
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