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emmainna [20.7K]
3 years ago
12

Bethany and Claiborne want to form a limited liability company (LLC) to manage their business, DoReMi Music. Like corporations,

LLCs must be formed in compliance with state law. A uniform state law—the Uniform Limited Liability Company Act—has been adopted in_________.
Business
1 answer:
Ivenika [448]3 years ago
6 0

Answer:

Nine jurisdiction which are California, District of Columbia, Florida, Idaho, Iowa, Nebraska, New Jersey, Utah, and Wyoming

Explanation:

The Uniform Limited Liability Company Act (ULLCA) was an act that was formed in 1995 and was amended in 1996 and 2006 which allows small businesses enjoy tax advantage of a partnership.

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Obtain the relevant authoritative literature on recognition of contingent losses. What is the specific eight-digit Codification
podryga [215]

Answer:

310-10-50-8

Codification citation for trade receivables that do not accrue interent until a specified period has elapsed, non accrual status would be the point when accrual is suspended after the receivable becomes past due.

Explanation:

Accounting standards codification is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied to non governmental entities.

6 0
3 years ago
A plant manager is attempting to determine the production schedule of various products to maximize profit. Assume that a machine
gulaghasi [49]

Answer: a different product mix, different total profit.

Explanation:

It should be noted that in a situation whereby constraint is binding and a change with regards to the availability that is within the range exist, this will bring about a change in both the product mix and total profit.

With regards to the question, since the machine hour constraint is binding and the original amount of machine hours available is 200 minutes, and the range of feasibility is from 130 minutes to 300 minutes, then it should be noted that the provision of two additional machine hours will result in a different product mix, different total profit.

4 0
3 years ago
In terms of public offerings of bonds, what is an indenture? A) a list of the duties of a trust company representing the bondhol
andrezito [222]

Answer:

C) a formal contract that specifies a firm's obligations to the bondholders.

Explanation:

In terms of public offerings of bonds, an indenture is a formal contract that specifies a firm's obligations to the bondholders. It is typically a legal and binding contract between a firm (bond issuer) and its bondholders, which provides detailed information on terms and clauses.

The indenture specifies the essential features of a bond, these includes callabilty of bonds, interest payments time, maturity date of the bond, interest calculation method etc.

Hence, in case there's a conflict between the bond issuer and the bondholders; the indenture would be the reference document to be used for conflict resolution.

6 0
3 years ago
Joann fabrics inc. has created a new combination of colors and fabric types. the firm wants to know how customers will perceive
Inessa [10]

Answer:

C) image

Explanation:

A product's image is how consumers perceive and view a company's product.

Sometimes the concept of product image is broader than how potential customers perceive your specific product, since it can include how they perceive your brand as a whole or the type of product as a whole.  

For example, if the public considers a brand to be low quality, when they see an attractive product from that brand, their product will be nice but low quality.

3 0
3 years ago
A firm that achieves superior performance relative to other firms in the same industry or the industry average has a
Nimfa-mama [501]

Answer:

The correct answer is option D.

Explanation:

Competitive advantage refers to the situation when a firm can provide better value to their customers or provide the same product at a lower cost. In other words, the company is able to outperform its competitors.  

Economies of scale can arise because of several factors such as

  • Economies of scale
  • Geographical location
  • Internal systems

Competitive advantage gives a firm the ability to produce more efficiently than its rival and thus the firm has greater profit than its rival.

3 0
3 years ago
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