subject
Business, 04.07.2020 14:01 Jimenezmiranda

Smith Services, Inc., was a trucking company established in 2015 and owned by Tony Smith as the sole shareholder. Tony Smith also was the president of the company. Tony Smith set up an account with Laker Express, a fuel provider, on behalf of Smith Services, Inc., and his drivers often would charge fuel purchases for the company trucks to that account. Laker Express then would bill Smith Services regularly for the charges on the account. After several months of low business, Smith Services ceased doing business and was dissolved in 2018, with its assets being distributed to creditors. Laker Express only recovered a small part of the amount owed by Smith Services, Inc. Tony Smith then opened up a new trucking service business as a sole proprietor. Laker Express sought to recover Smith Services' unpaid fuel charges, which amounted to about $35,000, from Smith. Smith argued that he was not personally liable for a corporate debt. Should a court hold Tony Smith personally liable

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 14:40, LlayahHarbin
Which one of the following is a characteristic of a jit partnership? a. frequent deliveries in large lot quantities b. removal of incoming inspection c. third-party logistics never used d. maximal product specifications imposed on supplier e. active pursuit of vertical integration
Answers: 3
image
Business, 22.06.2019 05:00, and7393
Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.
Answers: 3
image
Business, 23.06.2019 13:20, lhecker007
Use the drop-down menus to complete each sentence. according to the theories of friedrich august von hayek, the economy may be too complicated to think in terms . hayek believed was dangerous and could lead to severe inflation. milton friedman supported changes policy to influence economic growth. answers : aggregates; expansionary policy; monetary 
Answers: 3
image
Business, 23.06.2019 20:30, artursino
Suppose that the government establishes a price ceiling of $3.70 for wheat. a. why might the government establish this price ceiling?
Answers: 1
You know the right answer?
Smith Services, Inc., was a trucking company established in 2015 and owned by Tony Smith as the sole...

Questions in other subjects:

Konu
Mathematics, 06.07.2021 03:00
Konu
Health, 06.07.2021 03:10