Answer: The best answer is C
Explanation:
C. In towns with healthy central shopping districts, what proportion of the stores in those districts suffer bankruptcy during a typical five-year period?
Supposing that roughly a quarter of stores in a HEALTHY central shopping district is being found out to have suffered bankruptcy during a typical five-year period. This would be an evidence to say that losing a quarter of the stores to bankruptcy is NOT a sign that a shopping district is "unhealthy". In that regards, the records from the other towns would simply show that, DESPITE having a SaveAll, the shopping districts maintained healthy bankruptcy rates.
So, the fact that a quarter of stores in Morganville's central shopping district will likely experience bankruptcy is no cause for alarm. This is what we would expect in ANY healthy central shopping district. Therefore, based on the evidence, there is no reason to expect that opening a Save All will negatively affect the health of the central shopping district.
Coastharp, a furniture e-commerce website, allows its customers to book one-hour slots during which they wish to get their furniture delivered. They can also book another one-hour slot to get the delivered furniture assembled at their convenience. The company holds back orders and delays deliveries when customers are not available to receive them. In the context of marketing, which of the following utilities does Coastharp most likely provide through its service?
A. Form utility
B. Time utility
C. Possession utility
D. Ownership utility
Answer:
b
Explanation:
Form utility is a type of nullity that occurs as a result of the design of the product or service itself.
Time utility exists when a company makes a good or service available to consumers at the time that is most desirable or convenient for them.
Possession utility is utility derived from owning a product
A real estate broker is employed by a buyer, as an agent. When the broker finds a property the buyer might be interested in buying, the broker is careful to find out as much as possible about the property's owners and why the property is on the market. The broker's efforts to keep the buyer informed of all facts that could affect a transaction is the duty of
Answer:
Disclosure.
Explanation:
In this scenario, a real estate broker is employed by a buyer, as an agent. When the broker finds a property the buyer might be interested in buying, the broker is careful to find out as much as possible about the property's owners and why the property is on the market. The broker's efforts to keep the buyer informed of all facts that could affect a transaction is the duty of disclosure. A disclosure is a legally binding agreement between the buyer and seller of a property, wherein the seller highlights all the information or details they know about the property for the purpose of enlightening and informing the buyer. It contains informations such as legal encumbrance, structural flaw, size of property etc.
One of your business clients has owned and operated his own business as a sole proprietor for over 30 years. He now wants to do some retirement/succession planning. On the issue of the legal structure/ownership of his business, the best advice for him would be to:
Answer:
Incorporating the business and selling the shares to investors to take over as successors
Explanation:
Business incorporation is the legal process through which a business is formed.This allows an incorporated business to sell shares or stocks to interested investors , giving them the power of ownership in proportion to the volume of shares held , and the liability limited to the investment in the business.
It has the advantage over other methods of succession planning in active involvement in the business , limited liability and easier procedures.
A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signed the contract in State A. The contractor breached the contract, and the homeowner sued the contractor in a court of State A, seeking damages of $100,000. The contractor removed the case to the federal court for State A. The homeowner promptly moved to remand the case to state court, arguing that venue was improper.
Which of the following facts is most relevant to the court's decision on the homeowner's motion?
A The contract was signed in State A.
B The contractor resides in State B.
C The homeowner commenced the action in a State A court.
D The vacation home was to be built in State C.
Answer:
The Home owner commenced the action in a state A court ( C )
Explanation:
The Defendant ( the contractor) can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner if the federal court has the Jurisdiction to rule on the case
Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.
The USDA maintains ethanol has an impact on food prices. "Higher ethanol production definitely and directly raises the price of corn," said USDA economist Ephraim Leibtag. In the long run in the corn market, what is true if the production of ethanol increases?
Answer:
new corn farmers will enter the market and decrease the market price.
Explanation:
In regards to the information provided, it can be said that in a long term perspective if the production of ethanol keeps increasing then new corn farmers will enter the market and decrease the market price. This is because as ethanol production increases, so does the price of corn. This will continue up to a certain point were profitability for farmers is high and many new farmers will enter the market hoping to profit from the corn as well. All these new farmers will drastically increase the production of corn and as the supply of corn rises the prices will begin to fall.
After struggling with the accounting training, Peter is unsure whether he can complete the end-of-year financial reporting with no errors in the time allotted. In this case, Peter is low on the ______ element of expectancy theory.
Answer: expectancy
Explanation:
From the question, we are informed that Peter struggled with the accounting training, and as a result is unsure whether he can complete the end-of-year financial reporting with no errors in the time allotted.
This shows that Peter is low on the expectancy element of expectancy theory. Expectancy element in the expectancy theory is when one has the belief that his or her effort will lead to the achievement of ones goals and objectives.
For example, the sticky-wage theory asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100. If the actual price level turns out to be 110, the firm's output prices will
Answer:
The firm's output prices will increase, because will the firm can quickly adjusts the prices of goods to the new price level of 110, it will not have to do so with wages, since wages are fixed by a year contract.
This will result in comparatively lower labor costs with higher prices at the same time, which will likely result in more economic and accounting profit for the firm.
The opposite effect will be felt by workers, whose wage is not keeping up with inflation, meaning that their income is losing purchasing power.
Lenny's Landing has a net Section 1231 gain in the current year of $12,000. In the previous five years, there are $3,000 in unrecaptured Section 1231 losses. How will Lenny's gain be taxed in the current year
Answer:
As the $3,000 is unrecaptured losses, it will be carried forward to this year and would be set off against the current year's capital gains.
Explanation:
The previous year unrecaptured loss of $3000 will carried forward and would be set off against the capital gains of $12,000. The gain for the year can be calculated as under:
Capital Gain for the year = Gain Before unrecaptured losses - Carried Forward Losses
By putting values, we have:
Capital Gain for the year = $12,000 - $3,000 = $9,000
The resultant $9,000 would be the capital gain for the year.
All of the following statements about stock indexes are true EXCEPT
A. stock indexes are based on criteria that define the market segment of interest.
B. stock indexes replicate the market activity in a certain segment of the stock market.
C. stock indexes are unbiased and perfect indicators of market activity.
D. stock indexes can serve as a benchmark to evaluate investment manager performance.
Answer:
C. stock indexes are unbiased and perfect indicators of market activity.
Explanation:
Stock indexes are a tool that is used to track a group of assets using standardised criteria.
Usually indexes monitors a group of securities. Indexes can be broad based or specialised.
Indexes are statistically derived benchmarks that securities are measured against. They are however not unbiased and perfect indicators of market activity.
This is because investor behaviour cannot be guaged statistically.
However indexes replicate the market activity in a certain segment of the stock market, serve as a benchmark to evaluate investment manager performance, and are based on criteria that define the market segment of interest.
A subsidy will increase consumer and producer surplus in a market and will increase the quantity of trades. A subsidy (such as a subsidy for producing corn in the United States) can be considered inefficient because a subsidy results in a quantity:
Answer: higher than market equilibrium quantity where cost of supplying the unit is more than the willingness to pay
Explanation:
A subsidy is a sum of money that is given to a business or an organization by the government in order to increase the supply and also keep the prices low.
Therefore, a subsidy such as a subsidy for producing corn in the United States can be considered inefficient because a subsidy results in a quantity that is higher than market equilibrium quantity whereby cost of supplying the unit will exceed the willingness to pay.
What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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Explain the types of accounts
Answer:
Hi there!
For accounting treatment , accounts are broadly classified into three types as personal account , real account and nominal account or fictitious account. They are as follows:
Personal accountThe account which is related with a person or organization ( entity ), is termed as personal account. Here person means natural persons like Anna , Olivia , James etc and organization represents the artificial persons created by law. The rule for debit and credit for personal accounts is ;
Debit : The receiver
Credit : The giver
Real accountThe account which is related with assets or property is known as real account. Land and building , plant and machinery, and furniture and fixtures are the examples of the real account. Properties or assets are either incoming or outgoing from the organization. The rule for real account is ;
Debit : What comes in
Credit : What goes out
Nominal accountThe account which is related to expenses or loss and income or gain is known as nominal account. Rent , wages , salary , discount , interest and commission are the examples of nominal account. The rule of nominal account is;
Debit : the expenses or losses
Credit : the income or gains
Hope this helps..
Best regards!!
Explanation:
3 Different types of accounts in accounting are Real, Personal, and Nominal Account. Real account is then classified into two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative, and Artificial.
PERSONAL ACCOUNT:
These accounts types are related to persons. These persons may be natural persons like Tom’s account, Sam’s account, etc.
These persons can also be artificial persons like partnership firms, companies, bodies corporate, an association of persons, etc.
There can be personal representative accounts as well.
Rule for this Account
Debit the receiver. Credit the Giver.REAL ACCOUNT:
These account types are related to assets or properties. They are further classified as Tangible real account and Intangible real accounts.
1.Tangible Real Accounts
These include assets that have a physical existence and can be touched. For example – Building A/c, cash A/c, stationery A/c, inventory A/c, etc.
2.Intangible Real Accounts
These assets do not have any physical existence and cannot be touched. However, these can be measured in terms of money and have value. For Example – Goodwill, Patent, Copyright, Trademark, etc.
Real Account Rules
Debit what comes into the business. Credit what goes out of business.NOMINAL ACCOUNT:
These accounts types are related to income or gains and expenses or losses. For example: – Rent A/c, commission received A/c, salary A/c, wages A/c, conveyance A/c, etc.
Rules
Debit all the expenses and losses of the business. Credit the incomes and gains of business.There are some other accounts in accounting as well:
Cash Account – This account is used for keeping the records of payments done by cash, withdrawals, and deposits.
Income Account – The Purpose of this account is to keep the record of the income sources of business.
Expense Account – This account tracks the expenditure of the business.
Liabilities – If there is any debt or loan then that amount comes under liabilities.
Equities – If there is an investment of the account owner or common stocks, retained earnings then these will fall under equities.
Corporation has 10 comma 000 shares of 5%, $ 15 par cumulative preferred stock and 45 comma 000 shares of common stock outstanding. Diazlo declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Diazlo declares a total dividend of $ 54 comma 000. How much of the dividends go to the common stockholders?
Answer:
$39,000
Explanation:
For determining of dividend available first we need to compute the preferred dividend which is shown below:-
Preferred dividend = Number of shares × Shares percentage × par value
= 10,000 × 5% × $15
= $7,500
Dividends available = Dividend + Preferred dividend in 2017 - Preferred dividend in 2018
= $54,000 - $7,500 - $7,500
= $39,000
What are some of the possible consequences of financial distress? I) Bondholders, who face the prospect of getting only part of their money back, will likely want the company to take additional risks. II) Equity investors would like the company to cut its dividend payments to conserve cash. III) Equity investors would like the firm to shift toward riskier lines of business.
Answer:
III) Equity investors would like the firm to shift toward riskier lines of business.
Explanation:
Financial distress refers to the situation at which the organization not able to generate the profit as it is not able to meet or pay the financial debts. This occurs when the fixed cost is high, liquid assets leads to be sensitive in nature which results in downturns of an economic system
Hence, the third option is correct as the firm would shift to the riskier business lines
Kevin is maximizing his utility consumption of almond butter sandwiches and sushi. There is a boom in fish in the summer and the price of sushi suddenly drops. What will the price change most likely change in Kevin's consumption behavior? Group of answer choices Kevin will stick to his original indifference curve to a point intersecting the new budget constraint. Kevin's budget constraint and indifference curves will not change since the price of sushi has not changed Kevin will change his new budget constraint to be tangent to the original indifference curve at some point. Kevin will increase consumption with the bundle of goods at a new higher indifference curve tangent to the new budget constraint.
Answer:
Kevin will increase consumption with the bundle of goods at a new higher indifference curve tangent to the new budget constraint.
Explanation:
Kevin's consumption possibilities frontier basically shows the budget constraint that Kevin faces when deciding what to purchase. It also represents the opportunity cost of consuming one product instead of another.
If the price of one of the products changes, then the whole consumption possibilities change and a new bundle of goods will be available.
E.g. Kevin had $10, sushi costs $5 and sandwiches cost $5. He can either buy 1 sushi and 1 sandwich, 2 sushis or 2 sandwiches. If the price of sushi decreases to $2.50, then Kevin's options increase. He can now purchase 2 sushis and 1 sandwich, 2 sandwiches or up to 4 sushis.
_______ is a term referencing the concept that a sufficient interest must exist on the part of an insured in order to take out a policy of insurance. Multiple Choice Insurable interest Pecuniary interest Financial concern Financial effect Profit impact
Answer:
Insurable interest
Explanation:
The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable, and protected against any harmful acts done intentionally
Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest
Hence, the first option is correct
Tankao makes Bluetooth headphones for mobile devices. When 50 Bluetooth headphones are produced in the short run, the average variable cost is $30. Fixed costs are greater than zero. Therefore, Tankao's average _____ cost is _____. Group of answer choices
Answer: total ; greater than $30
Explanation:
Given the following :
Average variable cost = $30
Fixed cost > 0 ; therfore Average fixed cost > 0
Recall:
Average Total cost = (Average fixed cost + Average variable cost)
Average total cost = ( >0 + $30)
Average total cost = >$30
Therefore, when 50 bluetooths are produced in the short run, the average total cost is greater than $30
In one state, a lender holds a lien on real property offered as collateral for a loan. The borrower retains both legal and equitable title to real property. If the borrower defaults on the loan, the lender must go through formal foreclosure proceedings to recover the debt. This state can be BEST characterized as what kind of state?
Answer:
LIEN THEORY
Explanation:
Based on the scenario being described it can be said that this state is a lien theory state, in which the court is enlisted to order and oversee the foreclosure procedure. In such a state, the buyer/borrower holds the deed to the real estate property until the mortgage expires and promises to make the mortgage payments that were previously agreed upon in the financial agreement.
Suppose that the wage is $20 per hour in a two-sector (manufacturing and agriculture) specific-factors model. Currently, the prices of manufactured and agricultural outputs are $5 and $1, respectively; the marginal product of labor in the manufactured sector is 6 units per hour; and the marginal product of labor in the agricultural sector is 10 units per hour. What will happen to the distribution of labor between the two sectors?
Options :
A) Nothing will happen. The current allocation of labor between the two sectors is ideal.
B) The manufacturing sector will demand more labor, and the agricultural sector will demand less labor at the current wage.
C) The agricultural sector will demand more labor, and the manufacturing sector will demand less labor at the current wage.
D) Both the agricultural and the manufacturing sector will demand more labor at the current wage.
Answer: B) The manufacturing sector will demand more labor, and the agricultural sector will demand less labor at the current wage.
Explanation: Analysing the marginal product of labor for the TWO sectors ; the manufacturing and agricultural which measures the change in production output as labor is increased. The output produced by increasing labor is 6units for manufacturing and 10 units for agricultural, agricultural seems greater, however, comparing output with the price per unit of product, manufacturing and agricultural sells for $5 and $1 respectively. Meaning manufacturing generates ($5 * 6) = $30 while agricultural generates ($1 * 10)) $10 per increase in number of Labor.
Therefore, at the current wage of $20, revenue made by hiring one more unit of labor into the agricultural sector cannot even cater for it's wage. Therefore, agricultural sector will demand less while manufacturing will demand more.
If a decision variable is not positive in the optimal solution, its reduced cost is _______ Group of answer choices its dual price. the amount its objective function value would need to improve before it could become positive. what its objective function value would need to be before it could become positive. zero.
Answer:
yes
Explanation:
A negative dual price for a constraint in a minimization problem means
as the right-hand side increases, the objective function value will increase.
When a decision variable is not positive in the optimal solution, its reduced cost is B. The amount its objective function value would need to improve before it could become positive.
A decision variable refers to the quantity that is controlled by the decision-makers. The objective function refers to the equation that describes the production output target that will correspond to the profit maximization.
It should be noted that in a situation where the decision variable is not positive in the optimal solution, the reduced cost will be the amount its objective function value would need to improve before it could become positive.
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Which of the following is a primary feature of the five forces model? It views competition within an industry broadly to include forces such as buyers, suppliers, and the threat of substitutes. It takes into account a firm's internal resources, capabilities, and core competencies. It helps managers determine the changing speed of an industry or the rate of innovation. It is concerned exclusively about the intensity of rivalry among direct competitors.
Answer:
It views competition within an industry broadly to include forces such as buyers, suppliers, and the threat of substitutes.
Explanation:
The five forces model was developed by Harvard Professor Michael Porter, and it is a broad model of firm competition that takes into account 5 forces: buyer power, supplier power, threat of new entry, threat of substitutes, and competitive rivalry.
The power of suppliers and buyers lies mainly in how many suppliers and buyers exist in the market, because the more participants in a market, the less likely a firm will have market power.
The threat of substitutes is simply the quantity of substitute goods that are present in the market.
Firm A has preferred stock outstanding that pays a dividend of $9.50. Firm B has preferred stock outstanding that pays a dividend of $4.50. Given this information, the price of Firm A is _________________.
Answer: At least $5 lower than the price of Firm B
Explanation:
A preferred stock is a stock whereby the holder of the stock is entitled to a dividend which is usually fixed.
From the question, we are informed that Firm A has preferred stock outstanding that pays a dividend of $9.50 while Firm B has preferred stock outstanding that pays a dividend of $4.50.
With the information provided above, the price of Firm A is at least ($9.50 - $4.50) = $5 lower than the price of Firm B.
Adrianna Company purchases 35% of Saddle Company's outstanding stock for $450,000. At the time of acquisition, book value of the company's net assets is $1 million and the fair value of the company's net assets is $1.2 million. The difference between the book value and fair value of the net assets is attributed to undervalued land. Adrianna should
Answer:
The investment must be recorded using the equity method:
Dr Investment in Saddle company 450,000
Cr Cash 450,000
Even though the difference between historic cost and fair market value of the land is very significant, Adriana company cannot make any adjustments or amortizations to the investment account because land is a non-depreciable asset that must always be recorded at purchase cost. Any gain or loss can only be calculated after the land is sold, but meantime no adjustment is necessary.
A decrease in the discount rate: Group of answer choices leads to an increase in the interbank rate charged by commercial banks. causes an increase in the federal funds rate. increases reserve holdings of the commercial banks. lowers the cost of borrowing from the Fed. decreases the money supply.
Answer:
lowers the cost of borrowing from the Fed.
Explanation:
The discount rate is the rate that the Fed charges to commercial banks for overnight loans. This loans are only made when commercial banks have no other option, and represent one of the Fed's main functions: acting as lender of last resort.
When the Fed lowers the discount rate, commercial banks can access the Fed as lender of last resort at cheaper interest rates.
what do firms get from households
Answer:
Households supply labor to firms and are paid wages in return. Firms use that labor to produce pizzas and sell those pizzas to households. There is a flow of goods (pizzas) from firms to households and a flow of labor services (worker hours) from households to firms.
Explanation:
Jamie and Peter Dawson own 220 shares of Duke Energy common stock. Duke Energy’s quarterly dividend is $0.86 per share. What is the amount of the dividend check the Dawson couple will receive for this quarter? (Round your answer to 2 decimal places.)
Answer:
$189.20
Explanation:
Quarterly amount of dividend check = quarterly dividend per share x number of shares.
Quarterly dividend = $0.86
number of shares = 220
Check amount = 220 x $0.86
= $189.20.
Cheers.
An investor holds a 6% callable bond purchased at 105. If the issuer calls the bond before maturity, the yield to call (YTC) realized by the investor would be A) equal to the yield to maturity (YTM). B) less than the coupon. C) greater than the yield to maturity (YTM). D) greater the current yield (CY).
Answer: less than the coupon
Explanation:
When a bond that is bought at a premium of 205 is called before the bond matures by the issuer, this implies that the accelerated premium loss will have to be reflected in calculated yield to maturity.
It should also be noted that the YTC is the lowest among the yields for the premium bonds. Therefore, if the issuer calls the bond before maturity, the yield to call (YTC) realized by the investor would be less than the coupon.
Option B is correct.
n investment adviser has 3 managing partners and 3 investment adviser representatives. All of the partners have completed the Certified Financial Planner (CFP) program and received the designation. The 3 IARs have been enrolled in a CFP preparation course and are scheduled to take the next CFP exam. The IA publishes an advertisement that states: "All of our partners are Certified Financial Planners." This advertisement is:
Answer: permitted since it is true
Explanation:
From the question, we are informed that an investment adviser has 3 managing partners and 3 investment adviser representatives and that all of the partners have completed the Certified Financial Planner program and received the designation.
We are further told that the 3 IARs have been enrolled in a CFP preparation course and are scheduled to take the next CFP exam. The IA publishes an advertisement that states: "All of our partners are Certified Financial Planners."
This advertisement is allowed because the advertisement is true. Since, we are already given the information that the 3 partners of the firm have done their Certified Financial Programs, therefore, the statement is true and not a misleading one.
On April 1, Griffith Publishing Company received $24,480 from Santa Fe, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the amount received and the subscriptions started immediately. What is the adjusting entry that should be recorded by Griffith Publishing Company on December 31 of the first year?
Answer:
Dr Unearned Fees, $6,120
Cr Fees Earned, $6,120
Explanation:
Based on the information given we were told that the On April 1, the Company received the amount of $24,480 for 36-month subscription in which the company credited Unearned Fees for the amount received therefore the adjusting entry that the company should be record on December 31 of the first year will be:
Dr Unearned Fees, $6,120
Cr Fees Earned, $6,120
Working:
Amount the company received $24,480 ÷Months of Subscription 36 months
*April to December will give us 9 months
Hence,
$24,480/36*9
=$680*9
=$6,1,20
Does anyone know how to start your own business as a teen? I am trying to start my own beauty business, with face products etc. Also I need name ideas one of that I was thinking of was Natural Beauty. Since I am going to be selling all natural products
Answer:
i'm no expert but, i think first start out with ideas of the business u wanna do and keep adding on to those ideas you already have and find a business idea you know you can invest in and stick to that business so you can make money you want and supply the products people want and need so, that your making money to help yourself out in life and their getting supplies that are good and don't have harsh chemicals so, it doesn't result in you losing money. Also Natural Beauty is a good name but, i think you might like these three name ideas but, if not its okay go with the name you want since it's your business. Here are the name ideas Natural Essentials, Clear Beauty, or Organic Beauty Essentials.
Answer:
Many small business owners decide to set up an LLC for the liability protection it provides. An LLC, or limited liability company, exists separately from its owners (known as members), and the owners are therefore not personally responsible for business debts.Most states don’t allow two different business entities to have the same name. So you can’t, for example, have “Joe’s Donuts, LLC” and “Joe’s Donuts, Inc.,” even if they’re located in different cities. Many states also restrict companies from using certain words in their names, such as “bank.” If the LLC name you’ve selected is available, but you aren’t going to be filing your LLC documents right away, you may want to reserve the name. Nearly every state allows you to reserve a name by filing a form and paying a name reservation fee. The length of the reservation period, filing fees, and renewal policies vary from state to state.Almost every state requires its LLCs to name a registered agent (also sometimes called a statutory agent). A registered agent is a person who agrees to receive lawsuits, subpoenas and other official documents on behalf of the LLC and to pass them along to the appropriate person at the LLC.An LLC operating agreement is the roadmap that describes how your LLC will be run. It specifies such things as the ownership interests and voting rights of the members, how profits and losses will be allocated, how meetings will be held, how the business will be governed, the rights of the members if one of them dies or leaves the business, and the way the company will be dissolved if it goes out of business.Each state has its own form and procedure for establishing an LLC. In general, you must file articles of organization that list.After the LLC’s formation documents are filed and approved, the state will issue a certificate or other document that confirms that your LLC formally exists. Once you’ve received the certificate, you can take care of business matters like obtaining a tax ID number and business licenses and setting up a business bank account. Explanation:If your LLC does business in more than one state, you may need to register to do business in other states. To do this, you’ll need to fill out and submit paperwork that’s similar to the paperwork you filed when you formed your LLC. You’ll also need a registered agent in each state where you are authorized to do business.