John, lesa, and tabir form a limited liability company. john contributes 60 percent of the capital, and lesa and tabir 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 tabir, 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? discuss fully.

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.