On january 2, 20x3, kean company purchased a 30 percent interest in pod company for $250,000. pod reported net income of $100,000 for 20x3 and declared and paid a dividend of $10,000. kean accounts for this investment using the equity method. in its december 31, 20x3, balance sheet, what amount should kean report as its investment in pod?

Mr. drucker uses a periodic review system to manage the inventory in his dry goods store. he likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. it costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. mr. drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?