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Leokris [45]
3 years ago
8

Jeff is a member of Go Big Red, LLC. Jeff decides he does not like the color red, preferring instead the colors black and gold.

Jeff leaves the LLC for that reason. Upon dissociation all of the following apply to Jeff except:________.
a. duty of loyalty immediately ceases in all regards.
b. loses the right to manage the LLC.
c. right to have his interests to be bought out.
d. duty of care immediately ceases in all regards.
Business
1 answer:
Vanyuwa [196]3 years ago
7 0

Answer:

Option "D" is correct.

Explanation:

Option "D" is correct because When a person or member dissociates then the person loses the right to manage, losses the right to act, ceases from their duty of loyalty, ceases from the duty of care immediately if any event occurs after dissociation and the member has the right to find their interest. Therefore, from the given options it can be seen that the duty of care remains intact when only to that event that had occurred before the dissociation.

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The Tanner Company's April 30 pre-reconciliation cash balance on its books was $35,000. While preparing the April 30 bank reconc
Natalija [7]

Answer:

$38,950

Explanation:

Given that,

Cash balance on its books = $35,000

Outstanding checks = $11,000

Deposits in transit = $7,000

Bank service charges = $50

Tanner's April 30 cash balance per the bank statement:

= Cash balance in books + outstanding checks - Deposits in transit - Bank service charge

= $35,000 + $11,000 - $7,000 - $50

= $38,950

Therefore, cash balance as per bank statement is $38,950.

6 0
3 years ago
At the end of 2017, Grouper Company has accounts receivable of $916,100 and an allowance for doubtful accounts of $42,400. On Ja
Gennadij [26K]

Answer:

Since the debt has already been provided for by Debiting bad debt expense $42,400 and Crediting Allowance for doubtful debt $42,400, the entries required to write off the debt from Ramirez Company of $6,330 will be

Debit Allowance for doubtful debt $6,330

Credit Accounts receivable $6,330

Being entries to writeoff debt due Ramirez Company of $6,330

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.

8 0
3 years ago
True true or false increasing RAM, a computer's CPU can process more quickly
Airida [17]
This would be a true statement

5 0
3 years ago
Ace, Inc.'s stockholders' equity applicable to common shares is $60,000. The number of common shares outstanding is 1,000 and th
iVinArrow [24]

Answer:

the book value per common share is $60.

Explanation:

Book Value Per Share = Equity Applicable / Number of Shares Outstanding

                                     =  $60,000/ 1,000

                                     = $60

Thus the book value per common share is $60.

8 0
3 years ago
1. What do we mean by the term “global business”?
Firlakuza [10]

1. What do we mean by the term “global business”?

Global business refers to the business all through the world/different nations. It incorporates every one of the things/activities expected to offer, make, and ship out fares to different nations.  

A global business is an organization that works offices, (for example, manufacturing plants and dispersion focuses) in numerous nations around the globe. This is unique in relation to a global business, which offers items worldwide however has offices just in its nation of origin.


2. Name two low-risk methods for getting involved in global business.

  1. Licensing

Licensing alludes to the offering of the privilege to utilize some immaterial property (generation techniques or process, trademark, or brand name) for an expense or sovereignty. Licensing implies that patent or copyright proprietors permit different associations (people, governments, or organizations) to utilize their thought or advancement. It is a way that an organization can create things in different nations without being effectively included. The Gerber Company began offering its infant nourishment items in Japan utilizing Licensing.  

      2.  Franchising

This is a strategy ordinarily utilized by an organization to venture into different nations. A franchise concedes or permits an organization the privilege to utilize an organization name or business process particularly. Associations contract with individuals in different nations to set up a business that looks and works like the parent organization. Contingent upon the nation where the establishment sets up shop, promoting components (taste, bundling, and notice) must be adjusted to be meet social sensitivities and lawful prerequisites.


3. Why is management contracting a safe way to get involved in global business?

Management contracting is an acquirement course in which the works are built by various diverse works contractual workers who are contracted to an administration temporary worker.  

Management contracting a protected method to get engaged with worldwide business in light of the fact that not a lot of assets are being consumed and additionally it isn't include owing resources/having command over parts of the business.


4. What would be the result of war on the importing and exporting activities of the nations involved?

I would imagine that enemy countries are not allowed to exchange, or travel through or around their property to exchange.  

The consequence of war on the bringing in and sending out exercises of the countries include would be disturbed exchange relations and also affect exchanging with different nations that are not engaged with war/conflict.


5. What are the benefits of doing business in other countries?


One of the top advantages of international trade is that you might have the capacity to expand your number of potential customers. Every nation you add to your rundown can open up another pathway to business development and expanded incomes.  

Doing business in other countries can support your organization's notoriety. Triumphs in a single nation can impact accomplishment in other contiguous nations, which can bring your organization's profile up in your market specialty. It can likewise help increment your organization's credibility, both abroad and at home. This is one of the upsides of universal exchange that might be hard to measure and, in this manner, not entirely obvious.

8 0
3 years ago
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