John, lesa, and trevor form a limited liability company. john contributes 60 percent of the capital, and lesa and trevor each contribute 20 percent. nothing is decided about how profits will be divided. john assumes that he will be entitled to 60 percent of the profits in accordance with his contribution. lesa and trevor, however, assume that the profits will be divided equally. a dispute over the profits arises, and ultimately a court has to decide the issue. what law will the court apply? in most states, what will result? how could this dispute have been avoided in the first place?

Amathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by its percentage rate of growth. thus, if mexico's real gdp per person is growing at 7 percent per year, it will take about 10 years(=70/7) to double. apply the rule of 70 to solve the following problem. real gdp per person in mexico in 2005 was about $11,000 per person, while it was about $44,000 per person in the u.s. if real gdp per person in mexico grows at the rate of 5 percent per year: how long will it take mexico's real gdp per person to reach the level that the united states was at in 2005? (hint: how many times would mexico's 2005 real gdp per person have to double to reach the u.s.'s 2005 real gdp per person?

Which of the following is not a consideration when determining your asset allocation

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was: