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
BaLLatris [955]
3 years ago
9

What if The Biscuit Bakery was a corporation? Suppose Mrs. Meadows is the CEO, but does not own any stock in the company. The Bi

scuit Bakery sells shares of common stock to 40 shareholders, all of them individuals living in North Carolina.May the flour vendor recover the money he is owed from Mrs. Meadows' personally?
A. Yes, because she is the CEO, not a shareholder.
B. Yes, because she executed the business transaction that created the liability.
C. No, unless she was negligent or committed a tort or crime in connection with the transaction.
D. No, if The Biscuit Bakery is a close corporation.
Business
1 answer:
aleksklad [387]3 years ago
3 0

Answer:

Correct option is (C)

Explanation:

Mrs Meadows is the CEO, which means she is an employee in the company. So, her obligations are limited to the duties carried out by her. She will be personally obligated for her actions only if she commits a tort or crime related to the transaction.

If that is not the case, then she is not personally liable for the money owed to the vendor. The company is held liable for obligations towards the vendor.

You might be interested in
A summary should condense a report or article by what percentage? group of answer choices 5 percent 25 percent 85 to 90 percent
Deffense [45]

A summary should condense a report or article by what percentage is 85 to 90 percent.

A report is a selected shape of writing this is organized around concisely figuring out and examining issues, occasions, or findings that have taken place in a physical feel, along with occasions that have passed off within an agency, or findings from a research investigation.

A report is written for a clear purpose and to a specific audience. particular facts and evidence are presented, analyzed, and carried out to selected trouble or issue.

There are specific sorts of enterprise reports; some are formal and a few casual reviews. business report examples consist of analytical reviews, informational reports, inventory reviews, advertising reports, statutory reports, non-statutory reports, annual reviews, and well-known or private reports.

Learn more about the report  here brainly.com/question/13171394

#SPJ4

7 0
2 years ago
World metalsworld metals and zhing xu metalszhing xu metals are the only major producers of a high dash grade titanium wirea hig
Alona [7]

Answer:

whether they could trust each other to raise the price of a roll of titanium wire and decrease advertising to raise economic profit

Explanation:

A duopoly occurs when only two sellers in a market control the supply and price of a product.

World metalsworld metals and zhing xu metalszhing xu metals are the only major producers of a high dash grade titanium wire.

They are both advertising aggressively, but if they agree to collaborate there will be reduced need for advertising.

Them they can both raise the price of titanium wire in order to make more economic profit.

7 0
3 years ago
Roak Company and Clay Company are similar firms that operate in the same industry. Clay began operations 2 years ago and Roak st
Paladinen [302]

Answer:

<h3>Required:</h3>

1. (a) Which company has the better profit margin? (b) Which has the better asset turnover? (c) Which has thebetter return on assets?

2. Which company has the better rate Of growth in sales?

3. (a) Did Roak successfully use financial leverage in the current year? (b) Did Clay?

4 0
3 years ago
An economist has conducted extensive research and has found that jones cola is a substitute for tucker cola. ceteris paribus, th
madam [21]

Answer: Increase in demand

Explanation: Change in demand occurs when factors affecting demand other the its price changes. While, a change in quantity demanded occurs when the price of the good changes other things constant. Since, jones cola and tucker cola are substitutes to each other. A rise in the price of jones cola will shift demand towards tucker cola. This, will lead to a rightward shift in the demand curve for tucker cola and an increase in demand for tucker cola.

8 0
4 years ago
On February 1, 2020, Sunland Corporation issued 2,800 shares of its $5 par value common stock for land worth $36,400. Prepare th
wariber [46]

Explanation:

The journal entry is as follows

On February 1, 2020

Land Dr $36,400

        To Common Stock $14,000

        To Paid- in capital in excess of par value - common stock $22,400

(Being the common stock is issued for land)

The computation is shown below:

For common stock

= 2,800 shares × $5 per share

= $14,000

And, the remaining balance is credited to the paid in capital in excess of par value i.e $22,400

7 0
3 years ago
Other questions:
  • What do you think the challenges are for working with team members from around the world?
    14·1 answer
  • What is the amount of money you still owe to their credit card company called? ACredit Card Limit BCredit Card Balance CCredit C
    5·2 answers
  • Revenues that are legally restricted for expenditure on specified operating purposes should be accounted for in special revenue
    12·1 answer
  • Vending machines are no longer limited by the need for cash. In Japan, South Korea, and the Philippines, consumers use mobile ph
    15·1 answer
  • A toy manufacturer conducted a survey to estimate the market demand for its specialized wood-based toys in a foreign country. Fo
    15·1 answer
  • The payments a business makes for investing in capital expenses are known as : A) profits
    8·2 answers
  • For advertising strategies to be effective, they must work within the confines of the overall marketing strategy. T/F
    8·1 answer
  • Securitization has allowed some banks to concentrate on
    7·1 answer
  • SGS Corp. has an ROE of 14 percent and a payout ratio of 22 percent. What is its sustainable growth rate?
    11·1 answer
  • During some year a country had exports of $50 billion, imports of $70 billion, and domestic investment of $100 billion. what was
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!