Arkette, inc., acquired a 60 percent interest in skybox company several years ago. during 2017, skybox sold inventory costing $258,750 to parkette for $345,000. a total of 20 percent of this inventory was not sold to outsiders until 2018. during 2018, skybox sold inventory costing $122,000 to parkette for $152,500. a total of 35 percent of this inventory was not sold to outsiders until 2019. in 2018, parkette reported cost of goods sold of $557,500 while skybox reported $370,000. what is the consolidated cost of goods sold in 2018?

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation