In December of 2018, Ms

question 19

Essay

In December of 2018, Ms.Havisham and Pip form a wedding planning business.Each of them own 50 percent of the partnership.The partnership establishes a September 30th year-end since most weddings are during the summer.Therefore, the partnership's initial year-end is September 30, 2019.For the month of December 2018, the partnership made $3,000 after Ms.Havisham's guaranteed payment of $1,000.From January through September of 2019, the partnership made a net income of $65,000 after a $1,500 per month guaranteed payment to Ms.Havisham.​
a.How much income should Ms.Havisham report for 2018?
b.How much income should Ms.Havisham report for 2019?

Evaluate distributions and apply statistical rules to infer characteristics of populations based on sample data.

Identify the body areas with different sensitivity levels and understand the concept of the 2-point threshold.

Understand the relationship between touch receptor density and tactile localization ability.

Recognize the role of different brain regions in interpreting tactile information.

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Definitions:

Finished Goods

Manufactured items that are completed and ready for sale but have not yet been sold to customers.

Raw Materials

Primary components or substances used in the production of goods.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are a significant component of finished goods.

Work in Process Inventory

Work in process inventory includes partially completed goods that are still in the production process at the end of a period.