At december 31, 2014 howell company's inventory records indicated a balance of $858,000. upon further investigation it was determined that this amount included the following: • $168,000 in inventory purchases made by howell shipped from the seller 12/27/14 terms fob destination, but not due to be received until january 2nd• $111,000 in goods sold by howell with terms fob destination on december 27th. the goods are not expected to reach their destination until january 6• $9,000 of goods received on consignment from westwood companywhat is howell's correct ending inventory balance at december 31, 2014?

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year