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zimovet [89]
2 years ago
13

Tony is the sole shareholder of O.K. Oil Corporation. Tony uses O.K's funds to pay his personal expenses and to create Pure Fuel

Corporation to engage in the same business as O.K. Oil. He then transfers all of O.K. Oil's assets to Pure Fuel. Tony then files/petitions O.K. Oil into bankruptcy. These actions would most likely cause:a. a bonus to Tony for financial maneuvers b. a discharge for O.K. in bankruptcy c. a pierce of the corporate veil. d. a review of Pure Fuel's articles of incorporation
Business
1 answer:
Law Incorporation [45]2 years ago
3 0

Answer: C

A pierce of corporate veil

Explanation:

A business is expected to have a separate body that is distinct from that of its owner or owners. In the above scenario, Tony does not take the business as a separate entity and as such he can be charged for piercing the corporate veil of O.K. Oil Corporation on the following grounds.

Failure to maintain the separate identities of the companies.

Failure to maintain separate identities of the company and its owners or shareholders.

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A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.6%, and sells for $1,140. Interest is
nordsb [41]

Answer:

Price of bond=948.8583731

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV

Semi-annual interest = 8.6% × 1,000 × 1/2 =43

Semi-annual yield = 9.4%/2=4.7 %

<em>PV of interest payment</em>

PV = A  (1- (1+r)^(-n))/r

A- 43, r-0.047, n- 20

= 43× (1-(1.047)^(-10)/0.047)

= 549.7724893

<em>PV of redemption Value</em>

PV = F × (1+r)^(-n)

F-1000, r-0.047, n- 20

PV = 1,000 ×   1.047^(-20)

PV = 399.0858837

Price of Bond

549.772 + 399.085

=948.8583731

4 0
2 years ago
Carmen is a member of a student taskforce that was asked to recommend solutions to the university's budget problem. when she not
9966 [12]

Answer: democratic leadership

Carmen stated a possible solution that was increasing tuition fee and then Carmen said that it should be considered. This means that she did not impose it that that is the only solution and that has to be done in any way, if she did then it would’ve been autocratic leadership.

Carmen left some room for discussion and this means it is a democratic approach in leadership.  


8 0
2 years ago
Interactive marketing often makes use of ____ (A) human-to-human mediated online "chat room" communication prior to the purchase
gayaneshka [121]

Answer:

E is the correct option

Explanation:

Interactive marketing is one to one marketing practice which caters to individual customers. It involves marketing initiatives triggered by customer preference and behavior. It is different from the traditional methods which were campaign based. The customer-centric strategy and interactive marketing involve reacting to customer actions and by fulfilling their expectations. Different characteristics of interactive marketing are Storytelling, Layered information, Two-way interaction, etc.

5 0
2 years ago
Wholesome Burger, Inc. budgeted 25,000 direct labor hours for producing 100,000 units. The standard direct labor rate is $6 per
Ne4ueva [31]

Answer:

See below

Explanation:

Given the above information, we will apply the formula below to compute direct labor rate variance.

Direct labor rate variance =

(SR - AR) × AH

Stanadard (Rate) SR = $6

Actual Hour (AR) = $6.25

Actual Hour (AH) = 30,000

Then,

Direct labor rate variance

= ($6 - $6.25) × 30,000

= -$0.25 × 30,000

= -$7,500

= $30,000 Unfavorable

It is unfavourable because the actual rate is more than the budgeted rate.

8 0
2 years ago
If a certain market were a monopoly, then the monopolist would maximize its profit by producing 4,000 units of output. If, inste
nevsk [136]

Answer:

A

Explanation:

A monopoly is when there are two firms operating in an industry.

A duopoly is when there are two firms operating in an industry. When the two firms collude, they become a monopoly.

If a monopoly maximises profit by producing 4000 units, the colluding duopolist would also maximise profit by producing 4000 units

3 0
2 years ago
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