philip and deborah form an llc (limited liability company). philip contributes $50,000 capital, and deborah contributes $75,000 capital. they do not have an agreement as to how profits are to be shared. if the llc makes a $100,000 profit in its first year, how will the profit be divided among the members?
Answers
If the LLC makes a $100,000 profit in its first year, Philip will receive $40,000 and Deborah will receive $60,000.
In an LLC without a specific profit-sharing agreement, profits are typically divided based on each member's capital contribution percentage.
In this case, Philip contributed $50,000 and Deborah contributed $75,000, making a total capital of $125,000.
Philip's share: ($50,000 / $125,000) * $100,000 = 40% * $100,000 = $40,000
Deborah's share: ($75,000 / $125,000) * $100,000 = 60% * $100,000 = $60,000
So, if the LLC makes a $100,000 profit in its first year, Philip will receive $40,000 and Deborah will receive $60,000.
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Related Questions
If at the end of a period, a company has $400 in cash, $100 in accounts
receivable, and $100 in accounts payable, the post-closing trial balance will
show _____worth of debits.
A. $200
O B. $400
O C. $600
O D. $500
Answers
The post closing balance will show $500 worth of debits.
This is because if a company has $400 in cash, that is considered an asset for the company. Cash is an asset for the business.
Accounts receivable is an asset as well because it is the amount that debtors owes the business. It’s the amount that debtors should give to us the business.
Please select the steps involved in GOMS. (Multiple answers possible) Measures. Selections. Operators. Goals. Methods. Options. What are some of the advantages of a Heuristic Evaluation? (Multiple answers possible) Combines well with other evaluations methods. Can be cheap. Simple to perform. Generates quantitative insights. Requires in-person user testing. Can be done by anyone. Why is it important to keep your audience in mind when you communicate research results? (Multiple answers possible) You need to make sure to tell everybody what they want to hear. It doesn't matter how great of an insight you have if no one understands it. Knowing what main takeaways and insights to communicate to the individual audience can increase stakeholder buy-in. It doesn't matter.
Answers
GOMS steps: Goals, Operators, Methods, Selections.
Advantages of Heuristic Evaluation: Can be cheap, Simple to perform, Combines well with other evaluation methods. Importance of audience in communicating research results: Knowing what main takeaways and insights to communicate to the individual audience can increase stakeholder buy-in.
GOMS (Goals, Operators, Methods, Selections) is a cognitive modeling technique used to analyze human-computer interaction. It involves breaking down tasks into these components to estimate task completion time and identify potential usability issues. Heuristic Evaluation is a usability inspection method where evaluators assess a system's user interface against a set of usability principles or heuristics. Advantages of heuristic evaluation include its cost-effectiveness, simplicity in execution, and compatibility with other evaluation methods, allowing for comprehensive usability assessments.
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Yong teaches students with learning disabilities and physical disabilities.
Barb teaches computer programming to high school students.
Maya works in a private school teaching math to seventh-grade students.
Destiny works in a college teaching English to adult students.
Tanner helps an elementary school teacher and works under the guidance of that teacher.
ANSWERS: 1.Special Education 2. Career and technical education 3. Middle school 4. Post secondary teacher 5.teacher assistant
Answers
Answer: Special education teacher
Career and technical education teacher
Middle school teacher
Post secondary teacher
Teacher assistant
Explanation:
Answer:
1.Special education teacher
2.Career and technical education teacher
2.Middle school teacher
3.Post secondary teacher
4.Teacher assistant
Explanation:
If a restaurant in a summer tourist area is highly profitable during the summer months but unable to cover even its variable costs during the winter months, the restaurant should:.
Answers
If a restaurant in a summer tourist area is highly profitable during the summer months but unable to cover even its variable costs during the winter months, the restaurant should minimize its fixed costs.The variable cost is a direct cost that is in proportion to the amount of goods produced or the services provided.
For instance, direct material, direct labor, direct expenses, and so on. These costs are related to the cost of goods sold (COGS).On the other hand, the fixed cost is a constant expense that does not change in relation to the amount of products or services provided. Rent, salaries, electricity, interest charges, and so on are all examples of these expenses. These costs are generally known as operating expenses (OPEX).
Therefore, if a restaurant in a summer tourist area is highly profitable during the summer months but unable to cover even its variable costs during the winter months, the restaurant should minimize its fixed costs. This can be accomplished by negotiating with suppliers to reduce the prices of items, minimizing labor expenses by cutting down on the number of employees, and reducing rental expenses by renting a smaller restaurant. This will enable the restaurant to remain profitable throughout the year.
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Perform online or offline research to learn more about how farmers, ranchers, and other stakeholders in the United States practice sustainable or alternative agriculture. Pick a few that interest you and write a report describing their efforts, methods, and results.
Answers
Answer:
Organic Farming-The natural cultivating development makes a difference to anticipate water contamination and other natural harm whereas expanding yields. A few considers have appeared that corn plants, developed naturally, can deliver up to 30% more corn than when developed customarily. Not as it were are you getting more from your trim, but you’re finishing the same errand without jeopardizing your nearby environment.
Crop Rotation-Edit revolution depends on three diverse sorts of crops — cash, filler and cover. Your cash crops are the ones you’re getting to be making cash off of or eating yourself. Filler crops keep the field from going neglected amid the low season whereas regularly contributing to soil wellbeing and richness, and cover crops do the same without requiring much observing or support.
Regenerative Farming-Regenerative cultivating is another ancient concept that takes the thought of trim revolution to a entire nother level. Rather than treating the soil like a device to be utilized and disposed of, regenerative cultivating methods treat agribusiness like it’s part of the arrive instead of something isolated from it. In expansion to things like edit turn, regenerative cultivating minimizes working to protect soil accumulation, relies on characteristic fertilizers like compost and fertilizer instead of chemical options and takes all fundamental steps to avoid the cultivating from pulverizing the nearby environment.
Explanation:
the _____ occurs when a rater gives all employees an average rating.
Answers
The "central tendency bias" occurs when a rater gives all employees an average rating. This bias happens when the rater avoids extreme ratings and tends to rate everyone similarly.
When the central tendency bias is present, it can undermine the accuracy and effectiveness of performance evaluations. By assigning average ratings to all employees, the rater fails to provide meaningful feedback and recognition to exceptional performers or address performance issues adequately. This bias can lead to demotivation among high performers who feel their efforts go unrecognized and make it challenging for organizations to identify areas for improvement or allocate rewards and promotions fairly. It is crucial for organizations to train raters on recognizing and minimizing the central tendency bias to ensure more accurate and unbiased performance evaluations.
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A fan base is, in most ways, quite similar to a customer base.
A. False
B. True
Answers
This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!
Answers
Answer:
1. Work with credit card companies. ...
2. Sell your stuff. ...
3. Earn extra income. ...
4. Take on a short-term money loan. ...
5. Re-budget to live below your means. ...
6. Ask for a paycheck advance. ...
7. Make sure you're prepared for next time.
Which of the following is the best way to help build your self-esteem?
OA. Adapt.
B. Be critical.
C. Speak clearly
D. Know your abilities.
Answers
Answer:
The correct answer is D. Know your abilities.
Explanation
Self-esteem is the feeling that makes people worry about themselves and arouses the feeling of self-preservation; this is related to the way we value ourselves and we feel confident about our abilities, personality, and attributes. Due to this, one of the first steps to build or improve self-esteem is to know yourself and appreciate positive aspects such as attributes, strengths, talents, abilities, etc. Also, it is important to recognize negative aspects but to avoid focusing on these. As a result, you can understand your own value and appreciate or love yourself for this. So, the correct answer is A. Know your abilities.
Answer:
D
Explanation:
To know your abilities so you will know what you can do
what are three primary reasons for asking others to review and comment on a presentation
Answers
Answer: to review content for accuracy, suggest improvements, or document feedback
Explanation:
i just took it
Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of ________ accounts.
Answers
Asset accounts include things like Accounts Receivable, Prepaid Accounts, Supplies, and Land.
What kind of accounts receivable would that be?A maker of furniture who has supplied furniture to a retail business is an example of an account receivable. Payment due is noted under accounts receivable once the manufacturer bills the retailer for the furniture. The maker of the furniture is awaiting payment from the retailer.
What are some examples of accounts payable and receivable?When a business purchases raw materials from a supplier, it creates an account payable for the business. Accounts receivable, meantime, result from the sale of products or services. When a client pays you in instalments, the outstanding balance will be recorded as an account receivable until it is settled in full.
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in response to increased demand, what is a monopolist likely to do? increase output and let prices rise. increase output to drive prices down. restrict output and let prices rise. restrict output to drive prices down.
Answers
In response to increase demand, monopolist "restrict the output and let price rise."
A market structure defined by a single vendor offering a market-exclusive product. The seller has no competition in a monopoly market since he is the single vendor of products with no close replacement.Because the monopolist is facing a downward sloping market demand curve, the price the monopolist can obtain for each new unit of output must reduce as the monopolist raises its output. When a result, as the monopolist raises its output, its marginal revenue will decrease.A monopoly occurs when a single provider controls all of a product's supply. This results in a stiff demand curve. That is, regardless of how high (or cheap) the product's price goes, demand remains pretty consistent. To keep prices high, supply might be limited.Thus the correct option is C.
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Select the correct answer from each drop-down menu.
Which type of flowchart scheduling technique has a fixed duration of production activities? In which type of flowchart are they probabilistic?
The ____ type of flow chart has a fixed duration for production activities.
The ____ type has a probabilistic duration for production activities.
First Blank Second Blank
A. IPM A. PACT
B. CPM B. KENT
C. FDA C. PERT
Answers
The CPM (Critical Path Method) type of flowchart has a fixed duration for production activities. The PERT (Program Evaluation and Review Technique) type has a probabilistic duration for production activities. So answer is CPM, PERT
The CPM (Critical Path Method) is a flowchart scheduling technique that is used to manage and schedule complex projects. It involves identifying the critical path, which is the sequence of activities that determines the minimum duration needed to complete the project. In CPM, the duration of production activities is fixed and deterministic.
On the other hand, PERT (Program Evaluation and Review Technique) is another flowchart scheduling technique commonly used for project management. PERT incorporates uncertainty and variability in estimating the duration of production activities. It uses probabilistic estimates and considers optimistic, pessimistic, and most likely durations for activities, allowing for a more realistic assessment of project timelines.
Therefore, the CPM type of flowchart has a fixed duration for production activities, while the PERT type has a probabilistic duration for production activities.
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Resource scientists help the understanding in which of the following areas
Answers
The resource scientists gives an insight into some areas that includes
commerceenergytransportationagriculture etcWho are the resource scientists?These are scientist that deals with extraction of substance which exists in the earth and could be extracted someday at some price with some technology.
Most times, these resource scientists work with other geoscientists or social scientists to help solve arising issues in their departments.
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Resource scientists help understanding and solve the issues in areas such as commerce, energy, transportation, agriculture, and the environment.
What is a resource scientist?A resource scientist is someone who conducts research on climate, weather, and site conditions.
Resource scientists generally works with the geoscientists or social scientists to help them in getting the solution for the issues related to the agriculture, environment etc.
The quality or skills that is needed for the resource scientist are critical thinking, math skills, writing skills, communication etc.
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What are the 3 cases of interaction between fiscal and monetary policy, when there is a reduction in taxes?
Answers
Through efficient logistics at grasshopper grocers, the stock in the stores is automatically replenished when the company receives an alert from customers that their stock is low. Management at grasshopper grocers uses a just-in-time (jit) inventory system. True or False
Answers
Management at grasshopper grocers uses a just-in-time (jit) inventory system. This statement is false.
A lean manufacturing technique known as the just-in-time (JIT) inventory system tries to reduce inventory levels by creating or purchasing goods just as needed.
When the business receives notification from clients that their stock is low in the scenario, the inventory is automatically restocked. This shows that the business is keeping a certain amount of safety stock to satisfy client demand, which is inconsistent with the JIT strategy.
The description supplied does not seem to be an example of a pure JIT inventory system, while it is feasible that Grasshopper Grocers has other components of a lean management strategy in place, such as decreasing waste and improving efficiency in their logistics operations.
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\Which of the following is a difference between organization design and organizational behavior? Group of answer choices Organization design focuses on individuals within organizations, while organizational behavior analyzes the whole organization as a unit. Organization design is concerned with cognitive and emotional differences among people within organizations, while organizational behavior is concerned with the differences in structure and behavior at the organization level of analysis. Organization design is concerned with lower management, while organizational behavior is concerned with top- and middle-management. Organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Answers
Answer:
Organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Explanation:
The major difference between an organization design and organizational behavior is that, organization design might be considered the sociology of organizations, while organizational behavior is the psychology of organizations.
Hence, organization design describes how workflow such as supervision, task allocation and coordination are to be accomplished in an organization.
Which of the following are examples of discretionary fiscal policy? (Check all that apply.) A. The government provides stimulus funds to repair roads and bridges to increase spending in the economy. B. Additional taxes are collected as the economy experiences an increase in income resulting from economic growth. C. Congress provides a tax rebate to encourage additional spending in order to reduce the unemployment rate. D. The president and Congress reduce tax rates to increase the amount of investment spending. E. A state government borrows money to finance the building of a new bridge. F. The government spends more on the military to provide assistance to England after a natural disaster.
Answers
Answer:
The government provides stimulus funds to repair roads and bridges to increase spending in the economy
The president and congress reduce tax rates to increase the amount of investment spending
Congress provides a tax rebates to encourage additional spending in order to reduce the unemployment rate
Explanation:
The following are examples of discretionary fiscal policy.
The government provides stimulus funds to repair roads and bridges to increase spending in the economy. Congress provides a tax rebate to encourage additional spending in order to reduce the unemployment rate.The president and Congress reduce tax rates to increase the amount of investment spending.The correct options are A, C, and D.
What is discretionary and nondiscretionary fiscal policy?Discretionary Fiscal Policy: changes in government spending and taxation enacted during a crisis affect the economy. Nondiscretionary Fiscal Policy: the set of policies built into the system to stabilize the economy, also known as automatic stabilizers.
These are deliberate policies implemented by the government to increase or decrease government spending or taxation. For example, when private sector demand and confidence are low during an economic downturn, Keynesian economists may advocate for a deliberate increase in the size of the fiscal deficit.
Thus, the ideal selection is options A, C, and D.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
martha has been a sports enthusiast from a very early age. After she finished her college education, she started a small sports equipment shop. She has a lot of knowledge about the products that she sells and is doing well as a first-time entrepreneur. Which statement is most appropriate for Martha's situation? A) she lacks control over her business. B) she finds the business exciting because it relates to her interests and hobbies. C) she enjoys the idle time that spends at work. D) She does not take her work seriously because it is sports related.
Answers
Answer:
Answer is B
Explanation:
Martha is already familiar with the field she's venturing into. She's passionate about what she does thus, this can be convenient when you have a clear background or experience of the business you want to establish
GeoMines Corp. has the following costs related to a mine it acquired this year. Cost of land and natural resource rights $100,000 Development cost before production begins 20,000 Future cost to restore land after mining 15,000 Equipment used for mining 80,000 Exploration and drilling costs 30,000 What amount should be included as an asset for natural resources
Answers
Answer:
$165,000
Explanation:
The cost of an asset is derived by considering every cost related to the purchase of an item and putting the asset to use, These costs include the original purchase price , site preparation ,transportation ,installation and testing , warranties and the future cost of restoring dismantling and restoring the land at the completion of its useful life time.
Looking at the given scenario , the related cost of the natural resources as an asset are the cost of the land and the natural resources , development cost ,future cost of land restoration and the cost of exploration and drilling.
The depreciation value of the equipment used for mining will be charged as an expense for the operation year.
Cost of natural resources = 100,000+20,000+15,000+30,000=165,000
A company purchased a new truck at a cost of $42,000 on June 1, 2019. The truck is estimated to have a useful life of 7 years. The company uses the straight-line method of depreciation. So, the annual depreciation expense is $6,000. How much depreciation expense will be recorded for the truck during the first year ended December 31? Select one: a. $6,000. B. $45,000. C. $3,500. D. $3,000.
Answers
Answer:
C. $3,500
Explanation:
The formula for a straight-line method of depreciation is provided below:
annual depreciation charge=(cost-salvage value)/useful life
cost of the new truck=$42,000
salvage value=$0
useful life=7 years
depreciation=($42,000-$0)/7=$6,000( same as given in the question)
The truck was used for 7 months in the first year ended, from June 1 2019 to December 31 2019
Depreciation for the first year=$6000*7/12=$3,500
Click this link to view O‘NET's Work Styles section for General and Operations Managers. Note that common work
styles are listed toward the top and less common work styles are listed toward the bottom. According to O‘NET, what
are common work styles needed by General and Operations Managers? Select four options.
self control
curiosity
leadership
dependability
attention to detail
creativity
Answers
Answer:
Self control, leadership, dependability, attention to detail
Explanation:
The styles section for the general and operation managers lists are :
Self-control, leadership, dependability, attention to detail.What is a work style?A work style is a style that is followed for the purpose of work and includes logical reasoning, detail-oriented and supportive, and ideal oriented style. The operations manager's style includes self-control, leadership, and dependability plus attention to detail during work.
Find out more information about the work styles.
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What is the organizational structure for an supermarket?
Answers
Answer:
An array of repeat customers grouped in various local areas, A chain of retail stores, various transportation systems, A set of warehouse distribution centers, and An array of product suppliers under contract.
Explanation: In carrying out its function, a supermarket business acquires and assembles a wide assortment of goods from individual suppliers, then organizes and distributes them as-needed to a chain of retail stores for sale to local customers.
What are the 4 main investment types?.
Answers
There are 4 essential funding types or asset instructions that traders can pick from: shares, property, cash, and stuck hobby.
The required details for fixed interest rate in given paragraph
A constant hobby price is an unchanging price charged on a liability, together with a mortgage or loan. It would possibly practice all through the whole time period of the mortgage or for simply a part of the time period, however it stays the equal all through a hard and fast period. Mortgages may have a couple of hobby-price options, such as one which combines a hard and fast price for a few part of the time period and an adjustable price for the balance. These are mentioned as “hybrids.” A constant hobby price is appealing to debtors who don’t need theirhobby quotesfluctuating over the time period in their loans, probably growing their hobby prices and, through extension, theirloan payments. This kind of price avoids the threat that incorporates a floating or variable hobby price, wherein the price payable on a debt responsibility can range relying on a benchmark hobby price or index, now and again unexpectedly.
A constant hobby price avoids the threat that a loan or mortgage charge can substantially boom over time. Fixed hobby quotes may be better than variable quotes.
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How old will someone who graduated high school at 18 be until they get a Masters Degree in civil engineerings ?
Answers
Answer:22 years
Explanation:
the four major categories of factors of production are quizlet
Answers
The four major categories of factors of production are Land, Labour, Capital, and Entrepreneurship.
Factors of production are the inputs required to produce goods and services. Main categories include land, labour, capital and entrepreneurship. The four elements consist of the resources required to provide goods or services and are based on a country's GDP.
Land consists of all resources present on the surface of the earth. These include water, oil, wood, plants, etc. Labour as a factor of production is the effort that people expend to produce goods and services.
Capital as a factor of production refers to commodities or man-made resources such as tools and infrastructure used in the production of goods and services. Entrepreneurship combines all three factors of production into one product or service. Entrepreneurs use land, labour and capital to create goods and services for consumers.
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Explain how the forms of demand supply will eliminate a market surplus
Answers
Answer and Explanation: 1
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.
Answer and Explanation: 1A market surplus is when the quantity supplied of a good is greater than the quantity demanded. We can also say there is excess supply. This happens at a certain price that is above the market equilibrium which causes more of a product to be supplied than consumers are willing to buy. It is the opposite of a shortage.The market attempts to resolve the surplus by pushing the price down until it is at its equilibrium. A lower price will reduce the quantity supplied and increase the quantity demanded.
Jake Olsen has decided to put $1,000 in the bank. List several questions Jake might want to ask before ch whether to put the money in a checking or a savings account.
Answers
Answer:
look at my comment
Explanation:
Suppose that in 2015, a typical U.S. student attending a state supported college bought 8 textbooks at a price of $90 per book and enrolled in 28 credit hours of coursework at a price of $400 per credit hour. In 2016, the typical student continued to purchase 8 textbooks and enroll in 28 credit hours, but the price of a textbook rose to $100 per book, and the tuition price increased to $440 per credit hour. The base year for computing a "student price index" using this info is 2015. The price index for any base year is 100. The value of the student price index in 2015 is
Answers
Answer:
$11,920
Explanation:
2015 prices:
8 textbooks x $90 = $720
28 credit hours x $400 = $11,200
total = $11,920
the base year, in this case 2015, will be used to adjust the relative prices of the goods and services purchased by students. E.g. for year 2016, the index based on 2015 should be (8 x $90) + (28 x $400) = $11,920 since the quantities didn't change, only the nominal prices.