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.
Group of answer choices profits
Answer: $3,025
Explanation:
The Net Working Capital is used to find out if the company is able to use its current assets to cater for it's Current Liabilities and as such is calculated by subtracting Current Assets from Current Liabilities.
= Current Assets - Current Liabilities
Current Liabilities = 975 + 250
= $1,225
The interest bearing funds are not included when Calculating Net Working Cap.
Net Working Capital = 4,250 - 1,225
= $3,025
The Answer is D cost and benefit ranked in progressive units.
Answer: A. Go to the Gear icon and select All Lists
Explanation:
QuickBooks online is an accounting software that is used by businesses to make business payments, to pay bills, and can also be utilized to perform payroll functions.
A great feature of QuickBooks Online is that there are other lists that one can use to make it easier to fill i forms and these list can be found in the gear icon where one would then select all lists.