Basil, a world-famous chef, signs a contract to give French cooking lessons to Maggie. Basil attempts to delegate his duties under the contract to Oliver, the operator of a hot dog stand. The delegation of duties will a. not be valid because performance of the contract depends on Basil's unique talents and skills as a world-famous chef. b. be valid because any duty can delegated. c. be valid only if Oliver is just as highly respected in cooking as Basil is. d. be valid only if Oliver charges less than Basil for his lessons. e. not be valid because Oliver does not give lessons at a convenient time for Maggie.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: