Suppose the total monetary value of all final goods and services produced in a particular

Under the Uniform Limited Liability Company Act (ULLCA), managers in a manager-managed LLC owe fiduciary duties, such as the dut

Ivahew [28]

Answer:

True

Explanation:

The reason is that all the management owe fiduciary duties towards the shareholders and the corporation as well because the managers are acting as an agent and their principal is shareholders are principal so the agent must act in the best interest of the principal and shareholder's best interest here is long term success of the company with no fraudulent activities in the company. This law protects the shareholders by stating that management owe fiduciary duty to shareholders which is a true statement.

4 0

3 years ago

Read 2 more answers

When the trial balance extracted from the books of Keman Enterprises at the year-end failed to balance, the difference was place

Ugo [173]

Answer:

The answer is option (A) Dr 4,800

Explanation:

Solution

From the given question, the prepaid insurance normally is having a debit balance.

When it is brought forward to next year, this GH₵ 2,400 has to be cancelled once by debiting to suspense account.

Also. it want 2400 to credit the balance in prepaid insurance ledger, it need or require to be credited and debited to suspense account with 2400 balance.

Now, this combined debit to suspense account will result to 4800 (2400 +2400).

8 0

3 years ago

A risk is something that causes the possibility of a loss.

Stells [14]

This is a true statment

8 0

4 years ago

Read 2 more answers

4. Wilford has developed a leg pillow for long airline flights that reduces the risk of blood clots. He isn't sure how to develo

Viefleur [7K]

To learn how people are searching online, a keyword analysis would be most relevant.

8 0

3 years ago

It costs Glenwood, Inc. $82 per unit to manufacture 1,000 units per month of a product that it can sell for $122 each. Alternati

mixas84 [53]

<h2>Answer:</h2><h2>The profit would increase by $ 4000 if complex product was produced.</h2>

Explanation:

Total number of units to be manufactured = 1000

(i) The cost price of 1 unit = $ 82

The cost price of 1000 units = 82 * 1000 = $ 82000

Selling price of 1 unit = $ 122

The selling price of 1000 units = 122 * 1000 = $ 122000

Profit earned = 122000 - 82000 = $ 40000

(ii)To produce a complex product,

The cost price of 1 unit = $ 82 + $ 36 = $ 118

The cost price of 1000 units = 118 * 1000 = $ 118000

Selling price of 1 unit = $ 162

The selling price of 1000 units = 162 * 1000 = $ 162000

Profiy earned = 162000 - 118000 = $ 44000

Therefore, the profit would increase by $ 4000 if complex product was produced.

5 0

4 years ago