Retained earnings represent cash readily available for dividends
Indicate whether the statement is true or false
F
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Zippy Shoe Co. uses a periodic inventory system. Zippy purchased 400 pairs of shoes at $74 each in June, 980 pairs in August at $76 each, and 600 pairs in December at $79 each. Zippy sold 1,860 pairs of shoes during the year.Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.a. FIFO ????b. LIFO ????c. Weighted Average (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)????
What will be an ideal response?
All personal communication channels are controlled directly by the company
Indicate whether the statement is true or false
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available:Beginning inventory, January 1: $4,000Net sales: $80,000Net purchases: $78,000The company's gross margin ratio is 25%. Using the gross profit method, the estimated ending inventory value would be:
A. $20,000. B. $22,000. C. $19,500. D. $60,000. E. $82,000.
Answer the following statement(s) true (T) or false (F)
1. Heifetz is the leadership scholar credited with the development of adaptive leadership. 2. Followers of leaders using adaptive leadership should adapt to the leader’s goals. 3. Adaptive leadership is a well-developed empirically tested model. 4. Adaptive challenges are both unclear and difficult to solve. 5. A prerequisite for all of the other adaptive leader behaviors is to regulate distress.