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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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Luden [163]

Barges' has an asset beta of .57, the risk-free rate is 4.3 percent, and the market risk premium is 7.7 percent.

7 0
3 years ago
The following data are for a series of increasingly extensive flood-control projects.
marissa [1.9K]

Answer:

$28,000 and $12,000, respectively

Explanation:

Marginal cost = incremental cost from Plan C to Plan D

= total cost (plan D) - total cost (plan C)

= 72,000 - 44,000 = $28,000

Marginal benefit = incremental benefit from Plan C to Plan D

= total benefit (plan D) - total benefit (plan C)

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4 0
3 years ago
A firm’s profit margin is 5 percent, its debt/assets ratio is 56 percent, and its dividend payout ratio is 40 percent.
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Answer:

The given statement is FALSE.

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It will only be till sustainable growth rate that the firm will not require external financing. The debt /ratio demands resources to sustain the operation, which are not powered by the profit margin.

3 0
2 years ago
In 2006, selected new automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. Wha
larisa [96]

Answer:

Explanation:

%increase is given as = increase/ original prices ×100

Increase = new cost - original cost

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And the new average cost is $28,000

Then,

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Increase =$12,000

Then,

%increase=increase/original cost ×100

%increase = 12000/16000 ×100

%increase=75%

The rate of increase of the automobile cost is 75%

7 0
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A Broker Price Opinion (BOP) and Competitive Market Analysis (CMA) are estimates of value created by real estate licensees for m
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This evaluation was prepared by a licensed real estate broker and is not an appraisal. This evaluation cannot be used for the purposes of obtaining financing.

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2 years ago
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