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yan [13]
3 years ago
11

A court will disregard the corporate form and ________ the corporate _________ in five circumstances: first, if a party is _____

____ into dealing with the corporation rather than the individual; second, if the corporation is set up to always be __________ or is _________ capitalized; third, if the corporation is formed to _________ an existing legal obligation; fourth, if the corporation fails to follow the statutory corporate _________ ; and fifth, if the personal and corporate interests are _________ so that the corporation has no separate identity.
Fill in the blanks with words that would best complete the passage.
thinly
evade
insolvent
commingled
fulfill
solidify
convinced
over
identical
timelines
form
profitable
veil
tricked
formalities
pierce
Business
1 answer:
Semenov [28]3 years ago
8 0

Explanation:

A court will disregard the corporate form and pierce the corporate veil in five circumstances: first, if a party is tricked into dealing with the corporation rather than the individual; second, if the corporation is set up to always be insolvent or is thinly capitalized; third, if the corporation is formed to evade an existing legal obligation; fourth, if the corporation fails to follow the statutory corporate formalities ; and fifth, if the personal and corporate interests are commingled so that the corporation has no separate identity.

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Aspen Company estimates its manufacturing overhead to be $515,000 and its direct labor costs to be $515,000 for year 2. Aspen wo
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Answer:

COGS    3807 debit

FG          7896 debit

WIP         2397 debit

  Factory Overhead  14,100 credit

--to record the underapplication of overhead--

Explanation:

overhead rate:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

$515,000 overhead /  515,000 labor cost = $1

each labor cost generates a dollar of overhead.

221,400 x 1 =   221,400 overhead in COGS

459,200 x 1 = 459,200 overhead in Finished Goods

139,400 x 1 =   139,400 overhead in WIP inventory

Total applied  820,000

Actual            805,900

Underapplied    14,100

Now we weight each concept and determiante the portion underapplocated in each concept

\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\COGS&221400&0.27&3807\\FG&459200&0.56&7896\\WIP&139400&0.17&2397\\&&&\\Total&820000&1&14100\\\end{array}\right]

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Need Help ASAP <br> List three (3) examples of workplace documents?
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Explain why each of the following statements is a rationale for conducting active or passive policy: Economic circumstances can
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Answer:

The rationale for conducting active policy is the interest of Congress to alter the state of the economy through a deliberate change in established policies.

But in the case of Passive policy, the government permits the status quo.

Active policy relies on the government to enforce it while passive policy does not need the government's interference to work in stabilizing the economy.

Explanation:

The following statements applies passive policy because the economy is expected to stabilize on it's own without the deliberate act of congress influencing it:

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Which of the following is not one of the four main types of inventory?
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You are writing a feasibility report about the possibility of an office site in Cambridge consolidating with your Boston site. W
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Answer:

A feasibility report is a paper that examines a proposed solution and evaluates whether it is possible, given certain constraints. It includes six sections: introduction, background information, requirements, evaluation, conclusions, and finally, the recommendation or final opinion section.

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2. Describe Possible Solutions. ...

3. List Evaluation Criteria. ...

4. Propose the Most Feasible Solution. ...

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The feasibility report will look at how a certain proposal can work on a long-term basis or endure financial risks that may come. It is also helpful in recognizing potential cash flow. Another important purpose is that it helps planners focus on the project and narrow down the possibilities.

A feasibility report is a document that assesses potential solutions to the business problem or opportunity and determines which of these are viable for further analysis.

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