Herc co.’s inventory at december 31, year 2, was $1,500,000 based on a physical count priced at cost, and before any necessary adjustment for the following:
merchandise costing $90,000, shipped fob shipping point from a vendor on december 30, year 2, was received and recorded on january 5, year 3.
goods in the shipping area were excluded from inventory although shipment was not made until january 4, year 3. the goods, billed to the customer fob shipping point on december 30, year 2, had a cost of $120,000.
what amount should herc report as inventory in its december 31, year 2 balance sheet?
a. $1,500,000
b. $1,590,000
c. $1,620,000
d. $1,710,000

What is the opportunity cost in this scenario? harry has been very busy at work for the past two weeks. he has been working weekends too. finally, he is going to get a weekend off. originally, he planned to paint his apartment that weekend. he also considered going fishing for the weekend. but then his parents called and asked him to come for dinner because it has been a while since they have seen each other. later on, his friend theo informed him about a surprise birthday party for another friend. theo plans to reserve a room at a restaurant for the celebration, with the cost to reserve the room split between theo, harry, and three other friends. now harry is confused about what he should do over the weekend. he decides that, for him, the most important commitments are going over to his parent's house and attending his friend's birthday party. in the end, harry decides to see his parents.

The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.