1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dybincka [34]
3 years ago
14

Sarah owns half of Smith Realty, Inc., and her brother Bill owns the other half. Sarah routinely uses the company car, which is

supposed to be used only for taking clients to view property, not to run her personal errands. She also routinely uses company funds for personal uses, but always pays the money back in to the corporation. When Smith Realty failed to pay its lawyer for work completed on its behalf, the lawyer sued Smith Realty as well as Sarah and Bill personally. In this situation the court likely will: a. not pierce the corporate veil, because there was no commingling of interests. b. not allow Sarah and John to be sued individually, because Smith Realty is a close corporation. c. pierce the corporate veil due to Sarah's comingling of interests. d. dismiss the case, because Smith Realty is a close corporation.
Business
2 answers:
anzhelika [568]3 years ago
7 0

Answer:

(c) pierce the corporate veil due to Sarah's commingling of interests

Explanation:

Commingling of interests usually occurs when an investment manager or realtor combines client money with their own or their firm's, in violation of a contract. This can occur in legal cases, corporate client accounts and real estate transactions. For example in this case Sarah has violated her rights as a realtor by routinely using their company funds for her own personal uses.

a_sh-v [17]3 years ago
4 0

Answer:

C) pierce the corporate veil due to Sarah's commingling of interests.

Explanation:

Smith Realty Inc. is a closed corporation since its only shareholders are Sarah and Bill. The corporate veil is a legal principle that separates the actions of the corporation from the actions of its owners, both Sarah and Bill. Piercing the corporate veil means that the limited liability protection that Sarah and Bill had as stockholders will be eliminated. That means that the corporation and the stockholders will be treated as one same entity, something similar to a partnership.

A court might decide to pierce the corporate veil in Sarah's case, it will be very difficult to to sue Bill for Sarah's wrongdoings. The lawyer can claim that Sarah commingled her own interests with the interests of the corporation because she used the corporation's assets for her own personal use, therefore she can be considered a single entity with it. In this case, commingling means to mix the shareholder's interest with the corporation's interests.  

You might be interested in
Explain south africa's reaction to the recommendations given by the who
LenaWriter [7]

Answer:

WHO guidelines

The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.

A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.

The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.

Explanation:

WHO guidelines

The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.

A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.

The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.

3 0
2 years ago
c. Provide a scenario, for the best date you can hit and the financial impact of hitting the next date you advise. If you can no
vivado [14]

In a supply chain, the constraint that prevent one from meeting deadline includes scope, cost, and time.

<h3>What is a workstream?</h3>

In the supply management context, this refers to the areas of activity into which a company's business may be divided.

Hence, its extends to or seen as the completion of tasks carried out by different people or teams on a product or project.

Generally, in a supply chain, the constraint that prevent one from meeting deadline includes scope, cost, and time.

Read more about workstream

<em>brainly.com/question/12306182</em>

#SPJ1

8 0
2 years ago
According to arnold and bowie, are mnes responsible for the practices of their subcontractors and suppliers?
Vaselesa [24]

Answer:

They are definitely responsible.

Explanation:

Denis Arnold and Norman Bowie advocate for corporate responsibility in their article "Sweatshops and Respect for Persons" (Business Ethics Quarterly 13 - 2003).

<em>"MNE's have a moral duty to ensure their business partners respect employees by ensuring that human rights are not violated in the workplace."</em>

Corporations can't turn a blind eye on abuses committed in countries where they outsource their production.

3 0
4 years ago
Fix-It Co. wishes to maintain a growth rate of 9.89 percent a year, a constant debt-equity ratio of .42, and a dividend payout r
Olin [163]

Answer:

5.43%

Explanation:

Using du point formula for return on equity formula, the profit margin can be computed by rearranging the formula to make profit margin the subject.

return on equity=profit margin*assets turnover*leverage ratio

return on equity=growth rate*(1-dividend payout ratio)=9.89%*(1-40%)=5.93%

assets turnover=sales/total assets=inverse of total assets to sales=1/1.3

leverage ratio=total assets/equity

debt-equity ratio=0.42( debt is 0.42 while equity is 1 i.e 0.42/1=0.42)

total assets=debt+equity=0.42+1=1.42

equity is 1

5.93%=profit margin*1/1.3*1.42/1

5.93%=profit margin*1.092307692

profit margin=5.93%/1.092307692

profit margin=5.43%

5 0
3 years ago
Smelling of Tulips, Inc., a perfume company, estimated its short-run costs using a U-shaped average variable cost function of th
LuckyWell [14K]

Answer:

The level of output (Q) is associated with the minimum AVC is 8.98.

Explanation:

The following sorted data are given in the question:

Adjusted R Square 0.809

                       Coefficients        Standard Error      t Stat      P-value

Intercept               47.66                      3.29              14.49        0.0001

   Q                        -4.67                      0.72              -6.48        0.0000

 Q^2                       0.26                      0.03               7.79        0.0000

From the regression results above, the regression equation for AVC can be obtained as follows:

AVC = Coefficient of intercept + Coefficient of Q * Q + Coefficient of Q^2 * Q^2 …………. (1)

Substituting the relevant values into equation (1), we have:

AVC = 47.66 – 4.67Q + 0.26Q^2

Differentiate AVC with respect to Q, equating it to 0, and solve for Q, we have:

dAVC/dQ = -4.67 + (2 * 0.26)Q = 0

4.67 = 0.52Q

Q = 4.67 / 0.52

Q = 8.98

Therefore, the level of output (Q) is associated with the minimum AVC is 8.98.

3 0
3 years ago
Other questions:
  • Ann and Bob form Robin Corporation. Ann transfers property worth $420,000 (basis of $150,000) for 7 share in Robin Corporation.
    5·1 answer
  • 6 . Problems and Applications Q1 Suppose that you were born in 2001. Also, suppose that your mother received a $100 baby shower
    7·1 answer
  • Which services would a charitable organization provide? Check all that apply. preserving waterways operating a city aquarium ope
    5·1 answer
  • Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit
    7·1 answer
  • If the price of jelly goes up by 10 percent, we observe a decrease in the quantity demanded of peanut butter of 20 percent. the
    14·1 answer
  • Traditional monetarists advocate for a rule for _____________ , while market monetaristsargue that monetary policy should focus
    7·2 answers
  • Using the direct write off method, a $6,000 balance of the Accounts Receivable was written off. Three months later, the customer
    6·1 answer
  • Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollec
    15·1 answer
  • The Executive Level is the highest level of the tall hierarchy pyramid. <br> True or False
    8·1 answer
  • In the fast changing, competitive environment, new global realities are emerging, which include all of the following needs excep
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!