Keillor Company’s inventory of 1,100,000 at December 31, 2014, was based on a physical count of goods priced at cost before any year-end adjustments relating to the following items. (a)goods shipped from a vendor f. o.b. shipping point on December 31 ,2014, at an invoice cost of $69,000 to Keillor company were received on January 4, 2015.
(b) The physical count included $29,000 of goods billed to Sakic Corp. f. o.b. shipping point on December 31, 2014. The carrier picked up these goods on January 3, 2015.
What amount should Keillor report as inventory on its balance sheet?

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

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White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?