Whispering Company took a physical inventory on December 31 and determined that goods costing $203,300 were on hand. Not included in the physical count were $27,220 of goods purchased from Pelzer Corporation, f. o.b. shipping point, and $24,490 of goods sold to Alvarez Company for $28,760, f. o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Whispering report as its December 31 inventory

Which of the following best explains cost-push inflation? a. increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. b. consumers demand goods faster than they can be supplied, increasing competition among buyers. c. rising prices for goods and services reduce spending power and cut into consumer demand. d. wages drop so that workers have to spend a higher percentage of income on the cost of necessities.2b2t

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.