Under the uniform limited liability company act (ullca), managers in a manager-managed llc owe fiduciary duties, such as the duty of loyalty and the duty of care, to the llc and its members just as corporate directors and officers owe fiduciary duties to the corporation and its shareholders.( true/false)
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 06:00, StephanieQueen2003
For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off. rahal's accounts receivable at december 31, 2018, are:
Answers: 2
Business, 22.06.2019 13:10, kell22wolf
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
Business, 22.06.2019 17:30, gabedafame26
Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?
Answers: 2
Do you know the correct answer?
Under the uniform limited liability company act (ullca), managers in a manager-managed llc owe fiduc...
Questions in other subjects:
Biology, 13.10.2020 21:01
Social Studies, 13.10.2020 21:01
Mathematics, 13.10.2020 21:01
Mathematics, 13.10.2020 21:01
