Chili cheese, a fast-food corporation serving chili and a host of other american favorites, lost a substantial amount of revenue after the 2009 recession. the firm was set to go out of business in april 2010. however, in february of the same year, the major shareholder "miranda pickering" used corporate funds to purchase a million-dollar house in southern florida, and then sold the house to herself for $10,000. two of chili cheese’s creditors brought suit against miranda, seeking to recover the funds that miranda had spent. the court pierced the corporate veil, finding miranda personally liable. consequently, miranda was ordered to repay the funds she had used to purchase the house. but what if the facts of the case were different? select each set of facts below that could change the outcome of the case. chili cheese inc. did not carefully maintain separate corporate and shareholder funds.
chili cheese was a de facto corporation.
rather than buying a floridian home, miranda used corporate funds to invest in the training of more workers. further, to the best of the
court’s knowledge, chili cheese had followed all statutary mandates regarding corporate business and carefully maintained separate
shareholder and corporate funds.
miranda’s personal interests were commingled with chili cheese’s corporate goals.

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital is』necessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- 쑤 interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.

Why should managers invest any excess cash