An operating agreement is required for a limited liability company to exist, but it need not be in writing.
A limited liability company's (LLC) operating agreement is a crucial document that outlines the company's financial and operational decisions, as well as its rules, laws, and requirements. The document's goal is to regulate the company's internal operations in a way that meets the unique requirements of the owners, referred to as "members," of the company. The limited liability company's members are legally obligated to abide by the conditions of the instrument once they have signed it. Only three states—California, Missouri, and New York—have laws requiring an operating agreement. The state's default norms, established by state court decisions and found in the applicable statute, apply to LLCs operating without an operating agreement.
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Your answer is going to be B.
Answer:
Estimated manufacturing overhead rate= $40 per direct labor hour
Explanation:
Giving the following information:
This period's estimated overhead cost is $100,000 and an estimated direct labor cost of $50,000 and 2,500 direct labor hours.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 100,000/2,500= $40 per direct labor hour
Answer:
$240
Explanation:
Darren runs Barber shop
His fixed costs daily is $40
The toal output per day is 10 haircuts
He is open 6 days in the week
Therefore weekly total fixed costs can be calculated as follows
= 40×6
= 240
Hence the weekly fixed cost is $240
In a SWOT stands for: Strength, Weakness, Opportunity and Threat. SWO are internal factors while T is an external factor. So if you look at your choices, products, customers and employees are internal and only one is external, which is Competing companies.
The answer is C.
