All categories

3 years ago

Typical, day-to-day decision making in a manager-managed llc is performed by

1 answer:

3 0

LLC stands for limited liability company.LLC is private limited company in which the ist members cannot be held personally liable for the company's debts or liabilities
Typical, day-to-day decision making in a manager-managed LLC is performed by the managing members.

You might be interested in

When recording variances in a standard cost system: Question 22 options: A. Only unfavorable material variances are debited. B.

Phoenix [80]

Answer: D. All unfavorable variances are debited.

Explanation:

When recording variances in a standard cost system, all unfavorable variances are debited.

The reason for this is that it should be noted that the unfavorable variances simply means that there's excess production costs, and hence this will bring about reduction in the operating income. Hence, all unfavorable variances are debited.

Therefore, the correct option is D.

4 0

3 years ago

Which marketing activity is most directly served by the promotion element of the marketing mix?

gizmo_the_mogwai [7]

Communicating value.

The marketing mix activities are promotion (communicating value), product (creating value), price (capturing value), and place (delivering value).

<h3>What is the benefit of communicating?</h3>

When you convey value, you must guide your audience through the stages of exposure, awareness, attention, comprehension, evaluation, yielding, retention, and, ultimately, action. This response hierarchy model represents the progression of a customer from first knowing about your good or service to actually use it.

What makes communicating value so crucial?

No matter if your goal is to sell goods or services, persuade a target investor to invest in your firm, or find and keep the best personnel, your organization must be able to effectively communicate value to its stakeholders in order to achieve its goals.

Learn more about communicating value with the help of the given link:

brainly.com/question/14066002

#SPJ4

7 0

2 years ago

Roger is currently in the hospital, having been diagnosed with terminal cancer. Roger would like Kim, a close friend, to make an

Kisachek [45]

Answer:

The correct answer is letter "E": a durable power of attorney.

Explanation:

A power of attorney is a document stating another party is legally right to act on an individual's behalf. As soon as the individual is capable to handle business, the power of attorney loses validity.

A durable power of attorney, instead, is used when the individual delegating power to another party has knowledge of being impaired soon and possibly is not going to recover. Thus, the durable power of attorney will be valid since the individual cannot handle business until the moment of his or her decease. During that time, the selected party is right to make health and finance decisions on behalf of the individual.

5 0

3 years ago

A company has net sales of $852,000 and cost of goods sold of $565,000. its net income is $101,800. the company's gross profit a

Murljashka [212]

Answer is $287,000 and $185,200 respectively for the company's gross profit and operating expenses.

Let us see how to solve it. As we can see the formula for Gross Margin is as follows -

Gross Margin= Net Sales − Cost of Goods Sold which is $852,000 − $565,000 = $287,000. So the total Gross Margin is $287,000.

Now the formula for Operating Expenses is as follows-

Operating Expenses= Gross Margin − Net Income; Hence we have to do $287,000 − $101,800 = $185,200. So the total Operating Expenses is $185,200. Hence answer is $287,000 and $185,200 respectively for the company's gross profit and operating expenses.

Learn more about operating expenses here-

brainly.com/question/14995350

#SPJ4

5 0

2 years ago

Al owned all of the outstanding stock of ABC Corporation. Al transferred a building, cash, and IBM stock to ABC Corporation. The

Xelga [282]

Answer: $10,000

Explanation:

I know this question looks like a lot but it isn't. It is simply asking how much gain was made in the cash that was exchanged.

Now we see that the company acquired the building for $50,000 but acquired the mortgage on it of $40,000 and hence paid off the balance of $10,000 to Al.

So the gain was,

Cash in the amount transferred = (fair market value - mortgage)

= $50,000) - $40,000

= $10,000

$10,000 is the gain that Al should recognize as a result of this transaction.

5 0

4 years ago