If none of the aforementioned apply, the corporate veil can be broken.
<h3>When will the corporate veil be removed?</h3>
The respondent superior theory will allow a court to pierce the corporate veil and hold the principle vicariously liable when it finds that a corporation is acting as a shareholder's agent.
<h3>Can shareholders break through the corporate façade?</h3>
Owners, shareholders, or members of a corporation or LLC may be held personally responsible for the debts of the firm if a court is able to pierce the corporate veil. Therefore, in order to pay off the debt owed by the corporation, creditors may seize the owners' residence, bank account, investments, and other assets.
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A project that requires 25 machine hours in a year should have overhead of $10,000 added to it.
Machine hrs rate = Total overhead cost/ total Machine hrs
= $1,120,000/2,800 hrs
= 400 per hr
Overhead applied for Job = Machine hrs rate* Machine hrs used
= 400*25
=$10,000
The recurring costs of a firm that aren't specifically related to providing a machine hours good or service are referred to as overhead. The amount that a business needs charge for its goods or services in order to turn a profit is crucial overhead information for planning as well as pricing considerations. In a nutshell, overhead is any expense that is machine hours incurred to maintain the business but is not directly connected to a particular good or service.
Regardless of how much or how little a firm sells, overhead must be paid on a regular basis. For instance, a service-based company overhead with an office overhead has overhead costs in addition to direct expenditures (like labor and supplies) for providing its service, such as rent, utilities, and insurance.
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<span>Importers' bank usually issues a time draft to importers in international transactions.
A time draft is a form of payment guaranteed by the bank to be paid but is not paid in full until after the transaction is made. This helps insure someone is going to get paid but acts as a downpayment until the delivery is finished. These are commonly used in international trade transactions to stand as a "good credit" for the importer. </span>
Answer:
Personalization.
Explanation:
Using personalization in customer relationship management (CRM) requires gathering a lot of information about customers’ preferences and shopping patterns, and some customers get impatient with answering long surveys about their preferences.
This ultimately implies that, personalization deals with gathering information about a specific customer's choice such as taste, requirements, product preferences, shopping styles or patterns in order to be able to serve him or her better, through the provision of goods and services that meets their needs.