Jim Halter, the majority shareholder of J-Mart Jewelry Outlets, Inc., was aware that J-Mart was in financial trouble. Before J-Mart went out of business, Halter paid off his personal credit cards using corporate funds. There was specific evidence that the $6, 902.87 balance on Halter’s American Express personal account was paid by J-Mart, eight days before it ceased doing business. The check was marked “PAYMENT IN FULL – JIM’S PERSONAL”. There was also evidence that J-Mart, knowing that it would soon cease doing business, purchased a new Cadillac for Halter’s use. J-Mart then made three (3) payments on the vehicle before transferring it to Halter for $1.00 and allowing him to assume the remaining payments.

After J-Mart ceased operations, four (4) of its creditors brought suit against Halter in an attempt to recover amounts they were owed. The jury at the trial court level pierced the corporate veil and held Halter personally responsible for the debts. Halter appealed and the appellate court affirmed the ruling of the trial court.

Given what you know of the facts of the case, could Halter have provided any information that would lead you to believe he was not responsible for the debts? What would it be?

home / study / business / finance / finance questions and answers / Jim Halter, The Majority Shareholder Of J-Mart Jewelry Outlets, Inc., Was Aware That J-Mart ... Question: Jim Halter, the majority shareholder of J-Mart Jewelry Outlets, Inc., was aware that J-Mart was i... Jim Halter, the majority shareholder of J-Mart Jewelry Outlets, Inc., was aware that J-Mart was in financial trouble. Before J-Mart went out of business, Halter paid off his personal credit cards using corporate funds. There was specific evidence that the $6, 902.87 balance on Halter’s American Express personal account was paid by J-Mart, eight days before it ceased doing business. The check was marked “PAYMENT IN FULL – JIM’S PERSONAL”. There was also evidence that J-Mart, knowing that it would soon cease doing business, purchased a new Cadillac for Halter’s use. J-Mart then made three (3) payments on the vehicle before transferring it to Halter for $1.00 and allowing him to assume the remaining payments. After J-Mart ceased operations, four (4) of its creditors brought suit against Halter in an attempt to recover amounts they were owed. The jury at the trial court level pierced the corporate veil and held Halter personally responsible for the debts. Halter appealed and the appellate court affirmed the ruling of the trial court. Given what you know of the facts of the case, could Halter have provided any information that would lead you to believe he was not responsible for the debts? What would it be?

In August 1995, Smith Company ("Smith") entered into a lease with Jones Two, Inc. ("Jones"). By the terms of the lease, Jones leased a Washington D.C. property (the "Property") that was owned by Smith for a period of ten (10) years.

In 1995, when Jones originally entered into the lease it had not filed its articles of incorporation in any state. However, it represented itself as having been incorporated in New York and Smith relied on that representation. In 1996, Smith realized that Jones was not incorporated but it continued to honor its lease with Jones.

Jones finally got around to properly incorporating in New York in 1997.

At all times, Jones conducted business as if it were a corporation and it complied with all of the terms of the Smith Lease.

By 2000, the value of the Property had increased significantly and Smith was looking for a way to get out of its lease with Jones so it could enter into a lease with a higher rent provision. Smith thought back to the 1995 creation of the lease and it recalled that Jones was not incorporated at that time.

Smith provided Jones with a notice of termination of the lease and directed Jones to vacate the Property within 90 days stating that the lease was void since Jones did not legally exist at the time it entered into the lease. Jones refused to vacated and maintained that it was entitled to use the property until 2005 under the terms of the lease.

Provide an answer to the following questions and be sure to fully explain the reasons for your answer. Be sure to use full sentences and paragraph form in providing your responses.

We know that Jones wants to keep the lease in place until 2005.

4. Could Jones use the concept of a de jure corporation to effectively counter the argument of Smith? Why or why not?

5. Could Jones use the concept of a de facto corporation to effectively counter the argument of Smith? Why or why not?

6. Could Jones use the concept of a corporation by estoppel to effectively counter the argument of Smith? Why or why not?

Each question

Identify a 501(c)(3) not-for-profit organization that you would like to study throughout the course. Identify the not-for-profit organization that you have chosen for your final project. Explain why you chose this not-for-profit organization. What appealed to you? Why is this organization a good candidate for the strategic analysis that you will perform for the final project?

5. For a sample of 11 employers, the most recent hourly wage increases were 18, 30, 25, 5, 7, 2, 20, 12, 15, 55, and 40 cents per hour. For these sample data, determine the following.

a) The mean, median, and range.

b) The mean absolute deviation.

c) The variance and standard deviation.

Hertz is an international car rental company with their regional offices in New England area having 2,500 cars. On average, eight cars per month require tire and oil change. The tire and oil change cost $850 each. There is also a $120 ordering cost, independent of the number of items ordered. Hertz in New England area has an annual holding cost rate of 30% on tires and oils. It takes two weeks to obtain the items after they are ordered. For each week that a car is out of service, Hertz loses $90 in profit. 1. What is the optimal order quantity? 2. What is the maximum number of backorders? 3. What is the time between orders (cycle time)? 4. What is total annual cost?

You are the new IT Manager for the Cougar Corporation, a firm of 500 employees, with 5 buildings located in three different states. Much of the information is critical to the operation of the business and contains key customer information. As the new IT Manager, one of your employees comes to you concerned with the safeguarding of the firm's information. As you investigate this issue further, you too are concerned as it does not appear many methods of safeguarding the firm's information are in place. What methods would you want to make sure are in place to help with the safeguarding of information? What role do you see firewalls, intrusion detection systems, and antivirus systems playing in promoting security?

Write up a memo to your supervisor detailing methods you would like to see implemented across the firm and the role of firewalls, intrusion detection systems, and antivirus systems in promoting better safeguarding of the firm's information.

Identify three specific examples that vividly show how leadership and communication are interdependent and impact effectiveness.

Strategic Transportation Management--Pipeline 1.Explain the dual nature of pipeline transportation in the U.S. Compare the two common forms of pipeline oil and water by using the elements of a transportation system.

This exercise can improve your understanding of various strategies by giving you experience classifying strategies. This skill will help you use the strategy-formulation tools presente later. Consider the following 12 (actual or possible) year - 2005 strategies by various firms.

The wholesale retailer, Big Lots, expands into Mexico

The food manufacturer, Campbell Soup, begins massive tomato farming operations.

Delta Air Lines acquires an ocean cruise lines company

The specialty retailer, Gap, enters the radio broadcasting business.

The online auction company, eBay, acquires an online auction firm in Russia

The food giant, McDonald's, closes 100 restaurants and lays off 2,000 employees.

General Electric sells its NBC Broadcasting division

Hilton Hotels acquires a large furniture manufacturer

Ford Motor Company acquires its automobile manufacturer

The appliance maker, Maytag, introduces a wireless refrigerator

The drug firm, Eli Lilly , doubles its number of salespersons

The sports firm, Nike, enters the boat manufacturing business.

Now, think of the culture of your current (or previous) employer. What area(s) should be improved and how can you (personally) contribute to team-work?

Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $15.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10.

a. Find the equation of a simple linear regression line using Excel. (Round your answers to 3 decimal places.)

b. Compute trend and seasonal factor from a linear regression line obtained with Excel. (Do not round intermediate calculations. Round your answers to 3 decimal places.)

c. Forecast sales for next year using the above seasonal factors. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Next year

period:

1 Forecast:

2 Forecast:

3 Forecast:

4 Forecast:

For this discussion, I would like for you to identify and describe two characteristics (you believe) create and maintain strong teams within the organizational setting?

The Yahoo/Microsoft partnership, while the Silicon Valley talk, has employees concerned at Yahoo about more layoffs in the Yahoo search department. The deal teams of two of the biggest technology companies against Google for the lucrative control of the internet search market. Analyst believe that, in the short term, Google would has little to worry about but in the long term they may depending on how advertisers respond to the idea of a larger #2 in the search advertising market.

Google, currently, has 65% of the market while Yahoo has almost 20% and Microsoft at a distant third with less than 10%. The managing editor for CRN Magazine considers this absolute steal for Microsoft in that Yahoo wins the ability to stay an independent company with a huge new friend. Reporters say consumers won’t notice changes right away but the partnership will benefit consumers over the long run because it doesn’t hurt to have a very strong #2 in search. With consumers receptive to the move, analysts believe that it will boost Bing’s exposure to Yahoo’s audience giving Microsoft its desire for a greater share of Internet advertising. Yahoo is reserving the right to retain control of the user interface which will control the look and feel of how the search results will be presented but the technology is all done by Microsoft. Analysts predict a tie in to remind people that Bing is what’s providing the results which is key to branding for Microsoft.

Question: What corporate-level cooperative strategies do you think we can expect between Microsoft and Yahoo? Explain. Provide your rationale. Choices are diversifying strategic alliance, synergistic strategic alliance, or franchising.

The project manager should anticipate the affects the changes could have on the overall project, and prepare to compensate for any shortcomings. Have you experienced this sort of ripple affect on any projects?