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VLD [36.1K]
3 years ago
14

Wilson, Bart, and Susan Fields decide to set up a corporation together called Fields, Inc. They follow the correct procedures fo

r establishing their corporation, but once it is established they do not hold regular corporation meetings. Since they are all related, they just conduct their communications and business related to Fields, Inc. at their family gatherings and over casual phone conversations. When Fields, Inc., is sued for failing to pay some outstanding debts, the court likely will:_______. a. not pierce the corporate veil. b. dismiss the case because Fields, Inc., is an open corporation. c. pierce the corporate veil due to the failure to hold required corporation meetings. d. dismiss the case because Fields, Inc., is a close corporation.
Business
1 answer:
LUCKY_DIMON [66]3 years ago
8 0

Answer:c. pierce the corporate veil due to the failure to hold required corporation meetings.

Explanation:Corporation is a form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors. A corporate structure is perhaps the most advantageous way to start a business because the corporation exists as a separate entity.

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3 years ago
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Answer:

Asset Account is decreased.

Liability Account is also decreased.

No effects on Capital Stock.

No effects on Retained Earnings.

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Asset Account is decreased by $5000 because Cash is paid for the purchases made on account last month.

Liability Account is decreased by $5000 because accounts payable for the purchases made In the last month is now paid.

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3 years ago
A downward-sloping yield curve generally indicates which of the following
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Answer:

a

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A downward sloping yield curve can be an indictor of coming recession.

A recession is when the GDP of a country for two consecutive quarters is negative. In a period of recession, interest rate is usually lower.

A downward sloping yield curve can also be an indicator that there is an expectation of lower inflation rate in coming years.

If the yield curve is upward sloping, the short term interest rate would be lower than the long term interest rate

A flat yield curve is an indicator that interest rate would be constant

8 0
4 years ago
Land in the Marcellus Shale natural gas play is currently leasing for $10,000 per acre. 100 acres are needed in order to drill f
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Answer:

You can find your answer in attached document.

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3 years ago
The four determinants in Porter's model of international competitive advantage include all of the following EXCEPT: Group of ans
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Answer:

<h2>In this instance,the correct answer is the first option in the answer choices given or political and economic institutions.</h2>

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Porter's model of international competitive advantage thoroughly explains the factors or attributes that contribute to the competitive advantage of any country in the international market of various goods and services which can eventually strengthen the economic position of the country in the global commercial environment.This will subsequently generate economic benefits to any country in various trade and commercial activities in the international market.Now,as proposed by Porter,some of the forces or attributes that can ensure and strengthen a sustainable competitive advantage of any country in the global market include related or supporting industries,which can be used to provide productive resources and factors/inputs of production to facilitate the production of any good and service,factors of production,which refers to the efficient and productive utilization of the factors/inputs of production in the production process by domestic firms or companies,demand conditions,which indicate the overall scenario of consumer or commercial demand for goods and services in the country based on which domestic firms or companies can adjust or modify their respective production level that can potentially determine the overall production of goods and services in the country.However,Porter does not specify the role of major economic and political institutions in promoting or ascertaining international competitive advantage of any country.

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3 years ago
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