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lidiya [134]
3 years ago
7

John, Lesa, and Tabir form a limited liability company. John contributes 60 percent of the capital, and Lesa and Tabir each cont

ribute 20 percent. Nothing is decided about how profits will be divided. John assumes that he will be entitled to 60 percent of the profits, in accordance with his contribution. Lesa and Tabir, however, assume that the profits will be divided equally. A dispute over the profits arises, and ultimately a court has to decide the issue. What law will the court apply? In most states, what will result? How could this dispute have been avoided in the first place? Discuss fully.
Business
1 answer:
sveta [45]3 years ago
3 0

Answer:

Most states don't require limited liability companies (LLCs) to have operating agreements that regulate how profits will be distributed.

Since their LLC doesn't have an operating agreement, then the valid state law will rule how the profits will be divided. Generally speaking, but not always, state laws regarding LLCs divide profits equally among its members.

This could all have been avoided if the would have made an operating agreement before starting to work. Now probably the LLC will be dissolved.

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evablogger [386]

Answer: please look at the Explanation for the answer

Explanation:If Clark’s indifference curves are bowed inward, then, the rate at which he is willing and ready to give up an hour of hunting for an hour of fishing will change with respect to how many hours of each outdoor activity he has done.

For example, if Clark has spent

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6 0
3 years ago
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You own a business which generates $200,000 in profit per year. Someone has offered to buy it from you. Based on a 5 year projec
cluponka [151]

Answer:

The Present worth is $777930.25

Explanation:

FInd the NPV of the cashflows

NPV = 200000/(1+0.09)^1 + 200000/(1+0.09)^2 + 200000/(1+0.09)^3 + 200000/(1+0.09)^4 + 200000/(1+0.09)^5

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Therefore, The Present worth is $777930.25

6 0
3 years ago
Dynamo Corp. produces annual cash flows of $150 and is expected to exist forever. The company is currently financed with 75 perc
pashok25 [27]

Answer:

$1,500

Explanation:

Relevant data provided

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= $150 ÷ 10%

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Therefore for computing the today value of Dynamo we simply divide the annual cash flow by current stock percentage.

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Answer:

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Taxpayers should not itemize when the deductions are lower than the standard deduction.

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