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Kelly Herron has agreed to invest $200,000 into an LLC with Michelle Moss and Dan Kim. Moss and Kim will not invest any money, but will provide effort and expertise to the LLC. Moss and Kim have agreed that the net income of the LLC should be divided so that Herron is to receive a 10% preferred return on her capital investment prior to any remaining income being divided equally among the partners. In addition, Moss and Kim have suggested that the operating agreement be written so that all matters are settled by majority vote, with each partner having a one-third voting interest in the LLC.
If you were providing Kelly Herron counsel, what might you suggest in forming the final agreement?
Evaluate the overhead rates for Dept A and B and evaluate the contract cost using the rates is in question 1 and the subsequent information
What is Stewarts year-end basis in his partnership interest
Explain how much gift card revenue related to with the August 2013 gift card sales would Lizzie get to recognize in 2013 and 2014?
If you were brought on board as their present-day business advisor, you would describe to them that all partnerships have at least one general partner (known as the senior partner) and one limited partner (known as the junior partner).
These dividends are paid on 7/1/12. For period of 1/1/12 to 12/31/12 Company XYZ has a net loss of $600,000 and market price of its shares is $12 for each share.
Drop a Product and opportunity cost Midwestern Sod Company produces two products - Evaluate the opportunity cost of the president's decision to stick with both types of grass?
Determine the corrected amounts for 2010 cost of goods sold and December 31, 2010, retained earnings.
Describe the entity's attitude toward systems security and explain its strategies for dealing with systems security issues
statement of cash flows using the indirect method.
Evaluate what return should she expect anticipate on her portfolio? Determine the portfolio beta and then apply the SML.
Duffy Enterprises declares bankruptcy and it is evaluated that the receivable of €1,200 from Duffy is not collectible.
Determine the potential value or accounting treatment for such future development efforts.
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