Enercio contributes $100,000 in exchange for a 40% interest in the calendar year abc llc, which is taxed as a partnership. this year, the llc generates $80,000 of ordinary taxable income and has no separately stated income or expenses. enercio withdrew $10,000 from the partnership during the year. enercio is taxed on what amount of abc’s income? on how much of the $10,000 distribution will enercio be taxed?

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?