CI = (? - n ) / ( n - 1 )
Indicate whether the statement is true or false
TRUE
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Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to 15% of the following month's cost of goods sold. January's budgeted cost of goods sold is $70,000. October November December Budgeted cost of goods sold60,000 40,000 50,000 Plus: Desired ending inventory6,000 ? ? Inventory needed66,000 ? ? Less: Beginning inventory9,000 ? ? Required purchase (on account)57,000 ? ? What is the amount of ending inventory that the company will report on its pro forma balance sheet?
A. $35,300 B. $7,500 C. $10,500 D. $60,500
When a leader sees an opportunity gap that she wishes to fill, she will then work to initiate ______.
a. reactive change b. proactive change c. incremental change d. a “burning platform”
Management theories evolved as methods to enhance achieving product quality and standards.
a. True b. False
Local income taxes may be taken as an itemized deduction on your federal tax return
Indicate whether the statement is true or false.