It is the underground economy. The underground economy alludes to illicit financial action. Exchanges in the underground economy are illicit either in light of the fact that the great or administration being exchanged is itself unlawful or in light of the fact that a generally licit exchange does not agree to government revealing necessities. The main class incorporates medications and prostitution in many wards.
Answer: False
Explanation:
The above statement is wrong as the function described is that of the American Association of Advertising Agencies which is a trade association for the advertising agencies in the United States.
The goal of the American Association of Advertising Agencies is to strengthen and also improve advertising agency business and to also help its member agencies to enjoy more profit and be more effective and efficient.
Options:
a. not entitled to more than 50 percent of the profits, because the parties historically had divided the profits fifty-fifty.
b. not entitled to more than 50 percent of the profits, because it was appropriate to apply partnership principles to an LLC when there was no operating agreement.
c. entitled to more than 50 percent of the profits, because Hurwitz would be unjustly enriched if he received 50 percent of the profits.
d. entitled to more than 50 percent of the profits, because it was the parties' intent to compensate Padden to a greater extent than Hurwitz
Answer:
B
Explanation:
Since neither the partnership nor the limited liability company had any partnership agreement that stated how Hurwitz and Padden would share the profits generated by the business, then the general rule of partnerships should apply, i.e. profits and losses must be divided equally among all the partners.
Answer:
Results are below.
Explanation:
<u>First, we need to allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.15*10,700= $12,305
<u>Now, we can determine the total manufacturing cost:</u>
Total manufacturing cost= 15,745 + 10,700 + 12,305
Total manufacturing cost= $38,750
<u>Finally, the unitary cost:</u>
Unitary cost= 38,750 / 1,550
Unitary cost= $25
