After the auditors counted the inventory of the Cracker Jack Manufacturing Co. and reviewed the accounting records something appeared to be amiss. Inventory that was counted totaled $ 295,000. 
Using the gross profit method, what did the auditors estimate as the amount of the inventory that should have been on hand at December 31, 2016?
Definitions:
Visionary Leaders
Leaders who have the ability to see future possibilities and inspire others to work towards these new, innovative directions.
Leadership Assumptions
Preconceived notions or beliefs about what leadership entails, including traits, behaviors, and effects on an organization's culture and performance.
Followership Research
involves the study of the behaviors and characteristics of individuals who take on the role of supporting and being led by others, emphasizing the importance of effective following in leadership dynamics.
Dominant Power
The entity in a group or society that holds the most authority or influence over others, often shaping norms, policies, and decisions.
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