Discovering that optimums pays for harold-dorothy mortgage

Assignment Help Operation Management
Reference no: EM132200162

Harold and Dorothy own all of the shares of Ace Corporation. Robert, Ace's landlord, sued Ace for unpaid rent. Robert received a $10,000 judgment against Ace. When Robert tried to collect on the judgment, he discovered that Ace Corporation had no assets. He then discovered that Harold and Dorothy no longer operate Ace Corporation. They now operate Optimus Corporation as the only shareholders. Harold and Dorothy had no assets in their names. However, upon further investigation, Robert discovered that Optimus had numerous assets. He reviewed the financial documentation, discovering that Optimums pays for Harold and Dorothy's mortgage, medical bills, and grocery bills. Can a court pierce the corporate veil? Discuss.

Reference no: EM132200162

Questions Cloud

Delivery of products called for under their contract : Very Big Company, Inc. and Smaller Company, LLC are locked in a dispute over the delivery of products called for under their contract.
Fidelity mutual fund charges a one-time : Fidelity Mutual Fund charges a one-time 6.8% upfront load plus reports an expense ratio of 1.24%.
What price profit maximising monopolist charge for vaccine : What price would a profit maximising monopolist charge for a vaccine? What are the monopoly profits on the vaccine? What is the efficient outcome.
What is the value of the firm : The debt has an annual coupon of 8%. The tax rate is 34%. What is the value of the firm?
Discovering that optimums pays for harold-dorothy mortgage : He reviewed the financial documentation, discovering that Optimums pays for Harold and Dorothy's mortgage, medical bills, and grocery bills.
What is daniels wacc : The bonds are currently selling at 99% of face value. The company's tax rate is 34%. What is Daniels WACC?
Book value of asset : An asset fitting into the 7-year MACRS category was purchased 2 years ago for $105,000. The book value of this asset is now
Seminar called working at peak performance : Research Organisation (Hawkeye Research) has become interested after attending a Seminar called “Working At Peak Performance” (WAPP).
How are insurance companies able to predict : How are insurance companies able to predict their losses from claims accurately enough to let them price their policies such that they will make profit?

Reviews

Write a Review

Operation Management Questions & Answers

  Human capital organization in the marketplace

What are the major conditions governing the SUPRA Human Capital organization in the marketplace and can a business strategy and can a business strategy be built to fit these conditions? Its based on the case study Supra Human capital, a human resourc..

  Consider a bank counter with four employees

Consider a bank counter with four employees (who each work 60 minutes in an hour) serving the customers. Deposit takes 5 minutes, cash withdraw takes 6 minutes, and electronic transfer takes 10 minutes. On average, there are 10 deposit transactions, ..

  Adapt customer services-products and service delivery

How can an organisation make decisions to overcome problems and to adapt customer services, products and/or service delivery?

  Considering new project that will require initial investment

Kuhn Corporation is considering a new project that will require an initial investment of $4,000,000. It has a target capital structure consisting of 45% debt, 4% preferred stock, and 51% common equity. Kuhn has noncallable bonds outstanding that matu..

  Cultures are very explicit in using spoken and written word

__________ cultures are very explicit in using the spoken and written word. The open and honest sharing of information is known as __________.

  Customer spend on average waiting on hold

How long (in minutes) does a customer spend on average waiting on hold before they can start speaking to a representative from FaD?

  Ethical dilemmas associated with off shoring are plenty

Ethical Dilemmas associated with off shoring are plenty. Choose one dilemmas and make a case defending your firms off shoring activities.

  What is the maximum variable cost of this product

A third option has been proposed by salesman who says the machine is worth the extra cost (a fixed cost of 10,401) when the volume is 25,000 or above. What is the maximum variable cost of this product if the salesman’s claim is true?

  What extra cost does the hospital incur-cycle-service level

Wood County Hospital consumes 1,000 boxes of bandages per week. The price of bandages is $35 per box, and the hospital operates 52 weeks per year. The cost of processing an order is $15 and the cost of holding one box for a year is 15 percent of the ..

  Enforcement of the wellness policies

The enforcement of the wellness policies are done by the HR staff, and are viewed as the "wellness police." How does the title "wellness police" possibly undermine the other work that HR does, such as compliance, training, compensation- that requi..

  Explain basic factors that must be in place in order

In operations management, as in life, a balanced approach is often best policy. One of best examples of benefits of this in operations management is lean approach. Explain basic factors that must be in place in order to achieve a balanced lean sys..

  Menu might prevent the restaurant from being more successful

What problems other than the menu might prevent the restaurant from being more successful?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd