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MissTica
3 years ago
11

Matt and Chad form an LLC, and Matt later decides to withdraw as a member. They do not have a provision in their operating agree

ment regarding withdrawal of a member, but they do live in a state that has adopted the ULLCA, which means that:
a. Matt must find a new member to purchase his interest at a fair value.
b. Matt will lose all of his interest in the LLC.
c. the LLC must dissolve within 120 days.
d. the LLC must purchase Matt's interest at fair value within 120 days.
Business
1 answer:
Greeley [361]3 years ago
6 0

Answer:

D) the LLC must purchase Matt's interest at fair value within 120 days.

Explanation:

The Uniform Limited Liability Company Act (ULLCA) has been adopted by the states of California, Pennsylvania, Florida, Idaho, Iowa, Nebraska, New Jersey, Utah, Wyoming, and the District of Columbia.

The ULLCA refers to the creation of limited liability companies (LLCs) and how the LLCs would treat partnership tax and partnership benefits. One of the ULLCA's clauses establishes that when one partner decides to exit the LLC, the LLC must purchase his share within 120 days.

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Bank Reconciliation
Karo-lina-s [1.5K]

Answer:

Cash balance according to the bank $23,557.98

+ deposits in transit $12,125.25

- outstanding check N⁰ 124 ($62)

- outstanding check N⁰ 125 ($42)

- outstanding check N⁰ 129 ($1,250)

adjusted bank balance = $34,329.23

Cash account balance $51,596.88

+ note collected by bank $15,250.75

- NSF check ($23,475.40)

- Bank fees ($250)

- Error in recording check N⁰ 125 ($9,000)

adjusted cash account balance = $34,122.23

two errors were detected:

  1. outstanding check N⁰ 125 correct amount is ($24)
  2. bank fees are $25

so the readjusted balances are:

adjusted bank balance = $34,329.23 + ($42 - $24) = $34,347.23

adjusted cash account balance = $34,122.23 + ($250 - $25) = $34,347.23

now both accounts are equal.

5 0
3 years ago
Suppose you purchase five put contracts on Testaburger Co. The strike price is $45, and the premium is $3. If, at expiration, th
andriy [413]

Answer:

3000

1500

Explanation:

For each of the answers in this question I have added the formulas to solve them in the attachment below

1.

(45-39)*5*100

= 3000

2.

(45-39)-3 x5 x100

= $1500

7 0
3 years ago
Which of the following is not generally regarded as a legitimate reason for gov't to intervene in a market?
Bess [88]

Answer:

C. To enforce property rights

Explanation:

Government intervention in market can be non materistically via regulation , materistically via taxes & subsidy.

Although the second materislistic way of tax, subsidy comes under the perview of 'Government Budget' .

Government budget is anual financial statement showing economy's expected revenue & expenditure .

Economic growth & stability by reallocation of resources , reducing income inequalities - reflect 'efficiency' & 'equity' as valid reasons .

Foreign protection is also not invalid depending upon the initial budding stage of a developing economy & its global stand. Eg - India 1950 to 1990 .

However all these are progressive legitimate reason for govt. Intervention .

But , enforcing property rights is a feature of 'socialistic (communistic) economy - which has its own demerits like loss of consumers soveireignity , lack of postive competitive efficiency , govt overburden.

7 0
3 years ago
The picture is above, I’ll mark as brainliest
QveST [7]

Answer:

c

i could not see the ful image until now srry

pls give brainliest i need for new rank

Explanation:

8 0
3 years ago
Read 2 more answers
What are the pros and cons of the JIT Strategy in company’s operation ?
Fudgin [204]

Answer:

Just-in-time (JIT) inventory systems started in Japan in the 1970s and spread to the U.S. about a decade later. JIT is an inventory-management system that aims to help businesses have just enough inventory readily available to meet current demand while avoiding excess. There are many pros and cons for a small business to consider before adopting a JIT system.

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3 years ago
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