Windsor company took a physical inventory on december 31 and determined that goods costing $191,500 were on hand. not included in the physical count were $24,510 of goods purchased from pelzer corporation, f. o.b. shipping point, and $21,620 of goods sold to alvarez company for $29,090, f. o.b. destination. both the pelzer purchase and the alvarez sale were in transit at year-end. what amount should windsor report as its december 31 inventory?

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.