On January 1, 2020, Concord Corporation established a stock appreciation rights plan for its executives. It entitled them to receive cash at any time during the next four years for the difference between the market price of its common stock and a pre-established price of $20 on 113000 SARs. Current market prices of the stock are as follows: January 1, 2020 $34 per share December 31, 2020 37 per share December 31, 2021 29 per share December 31, 2022 32 per share Compensation expense relating to the plan is to be recorded over a four-year period beginning January 1, 2020. What amount of compensation expense should Concord recognize for the year ended December 31, 2020

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?