Under most limited liability company statutes, if the members do not specify how profits will be split, they are divided in proportion to the members' capital investment. T/F?
Answers
False. Under most limited liability company statutes, if the members do not specify how profits will be split, they are divided equally among the members.
By default, if the members of a limited liability company (LLC) do not specify how profits will be split in the LLC's operating agreement or other governing documents, they are typically divided equally among the members. This means that each member receives an equal share of the profits, regardless of their capital investment in the company. This default rule is often referred to as "per capita" distribution, where profits are distributed equally among the members on a per-person basis.
It is important to note that while this is the default rule in many jurisdictions, LLC statutes and regulations can vary, and it is possible for members to agree on different profit-sharing arrangements through their operating agreement. Members have the flexibility to customize the allocation of profits based on factors such as capital contributions, ownership percentages, or other criteria they deem appropriate. The key point is that if there is no specific provision in the operating agreement regarding profit distribution, the default rule is typically equal distribution among the members.
Learn more about per capita : brainly.com/question/31650362
#SPJ11
Related Questions
the day-to-day living conditions of modern americans are very different from what they were in the 20th century. while doing research for an economics project, charlie discovers that more households today, as compared to households 100 years ago, have electricity, air conditioning, and a car.
Answers
Our society has experienced economic growth. Americans today live in drastically different circumstances than those of the 20th century. while conducting economics research.
What is the straightforward meaning of economic?Economics is the research of scarcity and how it affects how resources are used, how goods and services are produced, how production and welfare increase over time, and a wide range of other complicated problems that are extremely important to society.
What is an example in the economy?Farmers lower the price of a crop when corn production rises in order to sell more of their harvest. The quantity of corn required to feed the population will increase if the stock is too high.
To know more about economic visit:
https://brainly.com/question/14787713
#SPJ4
Which of the following describes how the U.S. government protects and supports farmers and ranchers?
through establishing and maintaining food standards
through programs that provide direct payments
through allowing agribusiness companies to create oligopolies
through strict measures of qualis for commodities
first one to get it right gets Brainliest
Answers
Answer:
through allowing agribusiness companies to create oligopolies
Explanation:
Answer:
through programs that provide direct payments
Explanation:
The United States government gives free money to farmers and ranchers through a government subsidiary.
theg3eu3guyrgufgrgifrggiygiyrgirgigv
Answers
Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
what are the four important decisions made when developing an advertising program? list them in order.a. Setting objectives, setting the budget, developing strategy, and evaluating effectivenessb.Setting objectives, setting the budget, determining the impact on sales and profits, and determining the return on investmentc.Setting the budget, setting objectives, developing strategy, and evaluating effectivenessd.Setting objectives, setting the budget, developing message strategy, and determining media timinge. Developing message strategy, developing message execution, selecting media, and determining media timing
Answers
these four choices made when creating an advertising campaign. establishing advertising goals, deciding on an advertising budget, creating an advertising plan, and assessing success of the advertising.
Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular. Through "branding," which links a product name or image with particular traits in consumers' minds, commercial advertising frequently aim to boost consumption of their goods or services.
learn more about Advertising here:
https://brainly.com/question/3163475
#SPJ4
Most home or business wireless networks are based on this technology, which uses high-frequency radio signals.
a. true
b. false
Answers
The given statement most home or business wireless networks are based on this technology, which uses high-frequency radio signals is true because Wi-Fi technology enables wireless devices to connect to a network without the need for cables, making it a popular.
A wireless network is a method of networking in which radio waves, infrared waves, and microwaves are used to transmit data between devices without the need for wires. Wireless networking is a method of establishing a computer network in which data is transferred between networked devices using electromagnetic waves, such as radio waves, to transmit and receive data.
This makes them ideal for use in wireless networking because they can transmit data wirelessly while also allowing devices to connect to the internet. Thus, it is true that most home or business wireless networks are based on this technology, which uses high-frequency radio signals.
Learn more about wireless networks https://brainly.com/question/14376269
#SPJ11
What is the difference between international and domestic travel?
Answers
Answer:
domestic is within the same country
international is between countries
Discuss two accounting principles that are, in
your opinion, the most important and form the
foundation of modern-day accounting. Explain
the reasons for your choices.
Answers
Answer:
Revenue Principle and Cost Principle
Explanation:
Revenue principle defines a point in time when bookkeepers may record a transaction as revenue on the books. This principle states that revenue for the business is earned and recorded at the point of sale.
Cost Principle states that you should use the historical cost of an item in the books, not the resell cost.
Answer:
Matching principle because it is an accounting principle for recording revenues and expenses. It requires that a business records expenses alongside revenues earned.
Disclosure principle because increased transparency in the corporations' operations and management makes it easier for investors to make informed decisions. It also cuts down on the possibility of manipulation or misuse of investors' funds.
an apartment building must have a resident property manager if the building has
Answers
An apartment building must have a resident property manager if the building requires on-site management for tasks such as property maintenance, tenant relations, and compliance with regulations.
An apartment building must have a resident property manager if the building has specific requirements or regulations that necessitate on-site management, such as maintaining the property, addressing tenant concerns, coordinating repairs and maintenance, ensuring compliance with local laws and regulations, and handling day-to-day operations.
Having a resident property manager offers several benefits for both the property owner and the tenants. The property manager can handle tenant screening and selection, lease agreements, rent collection, and tenant relations, ensuring a smooth and efficient rental process.
They can also address maintenance issues promptly, ensuring that the building is well-maintained and tenants' needs are met.
Additionally, a resident property manager can act as a point of contact for emergencies, security concerns, and general inquiries, providing a sense of security and convenience for the residents. They can also enforce property rules and regulations, handle disputes or conflicts among tenants, and maintain a safe and comfortable living environment.
Having a resident property manager is especially crucial for larger apartment buildings or complexes with a significant number of units. The scale and complexity of managing such properties require an on-site manager who can oversee the various tasks and responsibilities involved.
For more question on resident visit:
https://brainly.com/question/29219809
#SPJ8
please help
Why is engaging communication a two-way process?
Answers
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpOrganize this list of disjoined activities from the Financial Management Cycle. Your job is to organize this list of events so your team will know what needs to be done and by when. As you organize these events think about them in the context of a 12-month cycle.
The CFO coordinates with the manager to close accounting records and financial reporting for the fiscal year
Managers user their department/project objectives to draft their individual budgets for the upcoming fiscal year
Managers assess results of their activities as compared to budget on a regular (typically monthly) basis
The CFO completes and files annual tax returns
Executive Management assess the marketplace and prior year results to develop company-wide strategic objectives for the upcoming fiscal year
The CFO completes the annual financial statement audit, and the report is distributed to the appropriate groups of internal and external stakeholders
CFO creates the company-wide annual budget for the upcoming fiscal year
Managers submit their annual budgets and objectives to the CFO for approval
CEO and CFO presents the consolidated budget to the Board for approval. The board approves or rejects the budget. If rejected, managers revise objectives and budgets according to the Board’s directive
Managers develop individual department/project objectives for upcoming fiscal year based on the strategic objectives
The CFO prepares company-wide annual financial statements
Managers oversee/implement activities (programs, services, and projects) authorized in the budget
Answers
To organize the disjoined activities from the Financial Management Cycle within a 12-month cycle, please follow these steps:
1. Executive Management assess the marketplace and prior year results to develop company-wide strategic objectives for the upcoming fiscal year.
2. Managers develop individual department/project objectives for the upcoming fiscal year based on the strategic objectives.
3. Managers use their department/project objectives to draft their individual budgets for the upcoming fiscal year.
4. Managers submit their annual budgets and objectives to the CFO for approval.
5. CEO and CFO present the consolidated budget to the Board for approval. The board approves or rejects the budget. If rejected, managers revise objectives and budgets according to the Board's directive.
6. CFO creates the company-wide annual budget for the upcoming fiscal year.
7. Managers oversee/implement activities (programs, services, and projects) authorized in the budget.
8. Managers assess results of their activities as compared to the budget on a regular (typically monthly) basis.
9. The CFO coordinates with the manager to close accounting records and financial reporting for the fiscal year.
10. The CFO prepares company-wide annual financial statements.
11. The CFO completes the annual financial statement audit, and the report is distributed to the appropriate groups of internal and external stakeholders.
12. The CFO completes and files annual tax returns.
To know more about Financial Management Cycle refer here:
https://brainly.com/question/15833121#
#SPJ11
A certain company debited prepaid insurance when it paid for a one-year insurance policy. If the company does not record any year-end adjusting entries then a) stockholders' equity would be understated. b) assets would be overstated. c) liabilities would be understated. d) expenses would be overstated. e) retained earnings would be understated.
Answers
A certain company debited prepaid insurance when it paid for a one-year insurance policy. If the company does not record any year-end adjusting entries then assets would be overstated.
How Does Prepaid Insurance Work?Prepaid insurance is a word that describes payments made up front for insurance services or coverage by both individuals and corporations to their insurers. In most situations, premiums are paid a full year in advance, but they occasionally may extend beyond a full year.
What sort of insurance is prepaid, for instance?Given that it is always paid for in advance, insurance is a great example of a prepaid expense. A corporation that pays $12,000 for an insurance policy that lasts for the upcoming year would record a $12,000 current asset at the time of payment to reflect this prepayment.
To know more about prepaid insurance visit:
https://brainly.com/question/15502125
#SPJ4
Which accounts are specific to a trading business?
Answers
Answer: 3 1/2
Explanation: that number really speaks to me. Also I am working on the same thing and have no idea.
Answer:
Certain accounts that are maintained exclusively by trading businesses include purchases, purchase returns, purchase discounts, freight on purchases, sales, sales returns, and sales discounts.
A purchases account records the transactions of purchasing stock or inventory, which is resold later. In case the stock is defective, it can be returned to the seller (manufacturer). This transaction is recorded in the purchase returns account. Sometimes, the trading business (buyer) may get a discount on goods purchased from the manufacturer (seller) for making an early payment. This discounted amount is recorded in the purchase discount account. Purchase discounts and purchase returns are both contra-expense accounts. A trading business may have to spend money for transportation of goods. These expenses are recorded in the freight on purchases account.
A sales account records the revenue earned from sale of products. Transactions relating to goods returned by customers are recorded in the sales returns account. Sales discounts offered by a trading business to its customers are an expense for the business and are recorded in the sales discounts account. Sales discounts and sales returns are both contra-revenue accounts.
Explanation:
Write 9.58 times 10^(2) in standard notation. pls help!
its math btw
Answers
A job application is a form used to make a job request. (3 points)
True
False
Answers
Answer:
I would say it is True.
Explanation:
A job application form states your personal information
Jobs and careers that require degrees or certificates generally jobs that require little or no training
Answers
Answer:
IT companies
Court Reporter
Sheet Mental worker
Certifications are less expensive, degrees provide a comprehensive education. The following statement explains their importance.
What is the more valuable degree or a certificate?While certifications are less expensive, degrees provide a more comprehensive education. If you want to expand your knowledge in IT-related fields, there are two options: certifications and degrees. Both paths have advantages, but they are not the same.
IT companies, Court Reporter requires degree or certification courses. While Sheet Mental workers, working in a garage, do not require degrees or certificates.
Therefore, the above statement explains the importance of a degree or a certificate.
Learn more about the importance of a degree or a certificate here:
https://brainly.com/question/14414315
According to this image :
1- What is the age range of the generation with the highest amount of household debt?
2-Which is the only generation to decrease its average debt from 2019 to 2020?
3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.
4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).
5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.
I have to turn this worksheet today, So please ANYONE help me out please ASAP..
Answers
Answer:
1. Gen X 41-56years
2. Silent Gen reduced debt by 4.6%
3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt
Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.
4.Gen Z average debt $16,000
Gen X average debt $ 140,000
In 5years, it will meet up with Gen Xs level of debt
5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.
Fill in the blank. it would be possible to determine the ppp exchange rate that would exist if markets were efficient by comparing ___. multiple choice question.
Answers
The correct answer is option B) To determine the PPP exchange rate that would exist if markets were efficient in comparing the prices of traded goods and services.
The exchange rate between two currencies that offers each one the same purchasing power in various nations is known as the Purchasing Power Parity (PPP) exchange rate.
A unit of one currency should be able to purchase the same quantity of products and services in many nations in an efficient market, according to this theory.
This implies that the ratio of the prices of a basket of goods and services in each country should be the same as the exchange rate between two currencies.
We can determine the PPP exchange rate that should exist if markets are efficient by comparing the costs of similar goods and services in two different countries.
Complete Question:
Which of the following would be possible to determine the PPP exchange rate that would exist if markets were efficient?
A) Comparing the current exchange rate
B) Comparing the prices of traded goods and services
C) Comparing the inflation rates of two countries
D) Comparing the economic growth rates of two countries
To learn more about Purchasing Power Parity visit:
https://brainly.com/question/28199500
#SPJ4
(PLEASE ANSWER FAST!!) (13 POINTS)
If you’re going to school full time, it will usually take you at least _________ to earn 120 hours of study (or around 40 classes that meet three times a week).
A. two years
B. six years
C. four years
D. five years
Answers
Answer:
C. four years
Explanation:
hope this helps
Answer:
The answer is C. four years.
Explanation:
Bachelor’s degree: Approximately 4 years of full-time study (120 credit hours)
What are the main advantages of the d-step tuning of 2023 murano’s xtronic cvt?.
Answers
The xtronic CVT of the 2023 Murano's key benefits of d-step tuning is that
It allows the gearbox to shift gears fast in response to sudden acceleration.
The use of linear acceleration sense aids in stepped acceleration while at greater rpm.
What type of transmission does Murano Xtronic CVT have?It is claimed to include a continuously variable automatic gearbox (CVT), and its single engine is a 3.5-liter V-6 that contributes to the production of a significant amount of power. The primary benefits of the 2023 Murano's xtronic cvt's d-step tuning are as follows. It allows the gearbox to shift gears fast in response to sudden acceleration.
The use of linear acceleration sense aids in stepped acceleration while at greater rpm.
For more information about 2023 Murano's Xtronic CVT, refer to the following link:
https://brainly.com/question/14312912
#SPJ4
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
Read more about APR interest rates
https://brainly.com/question/14270693
#SPJ1
4-Strategy should focus PRIMARILY on the organization's: a. shareholders b. customers c. products d. employees
Answers
Answer:
b. customers
Explanation:
The organizational strategy can be understood as a plan that aims to develop action plans so that a company can achieve its objectives and goals, so it is correct to state that the strategy should focus primarily on the organization's customers.
A company exists to satisfy the desires and needs of potential customers, so that is the substantial reason for its existence and where its focus must be, of course, a strategy must understand the organizational whole, its internal and external environment including shareholders, products and employees, but the focus on the customer must be a priority, so that the company has acceptance, value and market positioning.
QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?
Answers
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
Please help???/
While dusting his camera, Nathan notices that fingerprints on the lens won’t go away with mere dusting. He decides to use a cleaning fluid to clear the marks. What is the correct way for him to use the fluid?
A.
Drench the camera with the fluid.
B.
Put the fluid on a piece of cloth first
C.
Put the fluid on the lens first.
D.
He should avoid using fluids because they harm the camera.
E.
He should get the marks cleared off at a service center.
Answers
Answer:
B. Put the fluid on a cloth first
Explanation:
If put on the lens first it can ruin it.
all of the following are true regarding a qualified annuity except a at distribution, all amounts received by the employee are tax-free. b employer contributions are not counted as income to the employee while the plan is in force. c funds accumulate on a tax-deferred basis. d employer contributions are tax deductible as ordinary business expense.
Answers
Regarding a qualified annuity, all of the following are true except that at distribution, all amounts received by the employee are tax-free.
Annuity
An annuity is a financial product that is sold by financial institutions and insurance firms. An annuity is an investment in which an individual pays a lump sum or a series of payments, and the institution pays the individual back over time, with interest. It is a contract between an insurance company and an individual in which the insurer pays a lump sum or a series of payments to the insured, which is typically used as a means of earning a steady income.
Qualified annuity
A qualified annuity is a tax-deferred investment that is typically offered by employers as part of a retirement savings plan. Contributions to a qualified annuity are made before taxes are taken out, lowering the contributor's taxable income. The employer contribution is tax-deductible as an ordinary business expense. The funds that accumulate in a qualified annuity grow tax-deferred until the funds are withdrawn.
See more about annuity in:
https://brainly.com/question/14908942
#SPJ11
Composed of several major parts of the fingernail including the nail plate, 10 points
nail bed, matrix, cuticle, eponychium, hyponychium, specialized
ligaments, and nail fold. Together all of these parts form the
Nail unit
Nail bed
Nail plate
lunula
Answers
Answer:
Nail Unit
Explanation:
Which nims management characteristic includes developing and issuing.
Answers
Answer:
Management by objective include developing and issuing
Question 7 of 10
Which of the following tells you what your gross and net income was for a
particular pay period?
A. W-4 form
B. Pay check
C. Tax return
D. Pay stub
Answers
Answer:
d. pay stub
Explanation:
Pay stub tells you what your gross and net income was for a particular pay period. The appropriate response is option D.
What is Pay stub?An employer's pay stub is a record that lists an employee's gross pay, deductions from that pay, and net compensation. Paychecks are produced together with pay stubs.
Employees get a pay stub along with their paycheck that contains information about their gross pay, deductions made from it, and final net pay. Pay stubs should include information on tax deductions, health insurance premiums, and retirement contributions.
Your company will provide you with a non-binding pay stub that details your gross pay, benefits received, and net pay. Lenders, prospective employers, and other organizations utilize it to comprehend your earnings.
The appropriate response is option D.
To learn more about Pay stub
https://brainly.com/question/8762926
#SPJ2
Financial shenanigans involving recording revenue too soon includes all of the following except:
A) Recording revenue when future services are still to be provided
B) Recording revenue before shipment of a product
C) Recording revenue after customer acceptance
D) Recording revenue when the customer is not obligated to pay
Answers
All of the following financial mischief involved recording income too soon, except recording revenue after customer acceptance.
What is revenue?Revenue, which is determined by multiplying the average sales price by the number of units sold, is the money made from routine business operations. It is the top line (or gross income) figure from which costs are deducted to calculate net income. On the income statement, revenue is referred to as sales. According to the definition, revenue is the total sum of money obtained from conducting commercial operations like sales. It's also referred to as sales on the income statement. It is the top-line amount since it appears first on every company's income statement, making it the top-line figure.Profit refers to net income after deducting expenses from earnings, whereas revenue refers to income produced through business operations.To learn more about revenue, refer to:
https://brainly.com/question/29436143
Financial shenanigans involving recording revenue too soon includes all of the following except recording revenue when the customer is not obligated to pay. The correct answer is option d.
What is financial shenanigans involving recording revenue too soon?Financial shenanigans refer to fraudulent activities carried out by companies or individuals to manipulate financial statements to portray a false picture of their financial performance. Recording revenue too soon is one of the most common financial shenanigans used by companies. It involves recording revenue before it is earned, typically by recording revenue before the goods are delivered or services are rendered.
Recording revenue before the customer is obligated to pay also falls under this category. The aim is to boost earnings artificially to show investors that the company is performing well. However, this is unethical and illegal, and it is important for investors to be aware of such practices to make informed investment decisions.
Learn more about fraudulent activities here: https://brainly.com/question/30738864
#SPJ11
What are the factors of production?
a. Goods and services
b. Risk and opportunity
C. Land, labor, & capital
d. Wages, salaries, & profits
Answers
Answer:
C.Land,labor & capital
Under the JOBS Act, an issuer that is an emerging growth company or a broker-dealer representing the issuer may engage in the following communications before a registration statement is filed with the SEC EXCEPT (A)Contact potential investors that are Qualified Institutional Buyers (QIBs) to ascertain investor interest (B)Contact potential investors that are Accredited Investors (AIs) to ascertain investor interest. (C)Contact potential investors that are Retail Investors to ascertain investor interest (D)Engage in oral or written communications with potential investors.
Answers
Answer:
C)Contact potential investors that are Retail Investors to ascertain investor interest
Explanation:
According to the jobs act, an issuer or a broker dealer that presents the issuer could deal in the communciation prior to the registration statements would be filed in the SEC but the same should not be considered for the potential investors where the retail investors would not certain the interest of an investor
Therefore the option c is relevant