1. a northberry properties, inc., and others (collectively, the northberry group) owned, managed, and developed real property. gene pocker and the pocker group, inc. (the pockers), also developed real property. the northberry group entered into agreements with the pockers concerning a large track of property in austin county, florida. the parties formed llcs, including ballstone, llc, the llc group) to develop various parcels of the track for residential purposes. the operating agreements provided that "no member shall be accountable to the [llc] or to any other member with respect to [any other] business or activity even if the business or activity competes with the [llc’s] business." the northberry group entered into agreements with other parties to develop additional parcels within the track in competition with the llc group. the pockers filed a lawsuit in a florida state court against the northberry group, alleging, among other things, breach of fiduciary duty. what duties do the members of an llc owe to each other? under what principle might the terms of an operating agreement rule? briefly discuss. see case stoker v. bellemeade, llc, 272 ga. app. 817, 615 s. e.2d 1 (2005).

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

Last year ann arbor corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 37.5%. the new cfo believes a new computer program will enable it to reduce costs and thus raise net income to $33,000. assets, sales, and the debt ratio would not be affected. by how much would the cost reduction improve the roe? a. 11.51%b. 12.11%c. 12.75%d. 13.42%e. 14.09%

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.