Which of the following is the reason why alter ego companies come under the purview of piercing the company veil?
A. because the company has no decision-making power independent of its parent company
B. because the company had insufficient capital when being formed
C. because the shareholders use company assets for personal benefit
D. because the shareholders of that company assumes personal liability
C
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Spencer Hydraulics Corporation's ethics committee is asked a business ethics question¾should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method to investigate and solve this question involves all of the following steps except
A. absolution. B. decision. C. inquiry. D. justification.
Five years ago, Thompson Tarps Inc. issued twenty-five-year 10% annual coupon bonds with a $1,000 face value each. Since then, interest rates in general have risen and the yield to maturity on the Thompson bonds is now 12%
Given this information, what is the price today for a Thompson Tarps bond? A) $843.14 B) $850.61 C) $1,181.54 D) $1,170.27
Which of the following scenarios demonstrates personality?
A. Phoebe volunteers in the crisis shelter like everyone in her church. B. Shanda is generally friendly, likable, and calm under pressure. C. Monte lacks coordination and performs poorly in all sports. D. Dalton can perform any mechanical task well. E. Lulu scores extremely well on an intelligence test.
Moskowitz Corporation has provided the following data for its two most recent years of operation: Selling price per unit$91 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$7Variable manufacturing overhead$3Fixed manufacturing overhead per year$480,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$6Fixed selling and administrative expense per year$84,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year12,00010,000Units sold during the year9,00010,000Units in ending inventory3,0003,000 The net operating income (loss) under variable costing in Year 2 is closest to:
A. $80,000 B. $620,000 C. $680,000 D. $56,000