What is the effect of a $50,000 overstatement of last year's inventory on current years ending retained earning balance? a. understated by $50,000.b. no effect. c. overstated by $50,000.d. need more information to determine.

Zara, a global retail and apparel manufacturer based in spain that has successfully implemented this idea by having a continuous flow of new products that are typically limited in supply. zara has created a system that draws its clientèle into its stores, on average, 17 times per year as compared to 4 times per year for most stores. how is zara using it to gain competitive advantage? what specific technologies are used by zara to maintain this advantage over its competition?