Larry and moe of the partnership in the prior question admit curly to the partnership which is renamed the lmc partnership. the total value of the partnership was $120,000 on december 31, 2018. on january 1, 2019, curly contributed $40,000 to the partnership, and curly’s partnership capital account was credited with $40,000. assume that the partnership’s ordinary net income for 2019 will be $60,000. as of december 31, 2019, curly’s basis in his partnership interest and his 2019 income taxable income from the partnership would be:

Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?