Test_Prep
ASVAB · Question #88
The two members of Hoosiephaffer LLC, a limited liability company, operate their business such that it shows a profit for the year of $63,000. Their LLC operating agreement calls for them to share…
The correct answer is A. $35,000. See the full explanation below for the reasoning.
Question
The two members of Hoosiephaffer LLC, a limited liability company, operate their business such that it shows a profit for the year of $63,000. Their LLC operating agreement calls for them to share the profits in the ratio 5:4. How much of the profit should go to the member who gets the larger share?
Options
- A$35,000
- B$28,000
- C$32,000
- D$36,000
How the community answered
(54 responses)- A74% (40)
- B4% (2)
- C7% (4)
- D15% (8)
Community Discussion
No community discussion yet for this question.