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Usimov [2.4K]
3 years ago
5

Goleman sorts leadership styles into six categories. In order for a leader to get results, different styles are used for differe

nt circumstances. If you were overseeing a group of 20 employees in the travel office of your company and your office was implementing a new travel system which is very much different from what the employees were currently using, which style of leadership would be most appropriate to successfully implement the new system and why?
Business
1 answer:
vagabundo [1.1K]3 years ago
7 0

Answer:

The most appropriate leadership style is the Visionary Leadership style

Explanation:

To successfully implement the new system, The leader needs to get his team mates' buy-in by helping them see the impact of the change on the business and how the change impacts their jobs and also emphasize their role in making the change happen successfully

With this style the leader:  

1) is taking responsibility for facilitating the change and communicating how the change will happen.

2) Selling the vision by explaining and describing the vision and influencing his team.

3) Ensures the appropriate persons align the vision with their jobs and objectives.

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2 years ago
Jessica's grandfather lives alone and still works. he told jessica that he is concerned about what might happen if he could no l
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8 0
3 years ago
The primary concerns when first starting your business are:
const2013 [10]
The primary concerns when first starting your business are: financing and planning
8 0
2 years ago
On January 1, 2021, Essence Communications issued $800,000 of its 10-year, 8% bonds for $700,302. The bonds were priced to yield
aev [14]

Answer:

A)

before decrease in rates: 706,483

   after rate decrease:            751,360

B)

interest expense 35,015.12

discount on BP 3,015.12

cash 32,000

--bonds first interest payment--

C)

interest expense 35,165.87

discount on BP       3,165.87

cash              32,000

--second interest payment--

D)

unrealized loss 44,877

  discount on bonds payable  44,877

--to adjust bonds valuation--

Explanation:

First, we solve for the present value of the bond to get the proceeds from the issuance.

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 32,000

time 20

rate 0.05

32000 \times \frac{1-(1+0.05)^{-20} }{0.05} = PV\\

PV $398,790.7310

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   800,000.00

time   20.00

rate  0.05

\frac{800000}{(1 + 0.05)^{20} } = PV  

PV   301,511.59

PV c $398,790.7310

PV m  $301,511.5863

Total $700,302.3173

Now, we do the table for the first year:

# / Principal/      paid /    interest /       Amort/End. P

1 700,302 32000 35015.12 3015.12 703,317

2 703,317 32000 35165.87 3165.87 706,483

Now, we have to redo the calculations for the bonds market value considering a decrease in the market rate to 9%

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 32,000

time 18

rate 0.045

32000 \times \frac{1-(1+0.045)^{-18} }{0.045} = PV\\

PV $389,119.7377

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   800,000.00

time   18.00

rate  0.045

\frac{800000}{(1 + 0.045)^{18} } = PV  

PV   362,240.30

PV c $389,119.7377

PV m  $362,240.2951

Total $751,360.0328

We adjust for: 751,360 - 706,483 = 44,877

This will be an unrealized loss as the liability increases but, will be realized on the redemption of the bonds or at the end of the bonds' life.

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3 years ago
You are reviewing the Client Overview tab for a new client to determine the scope of a bookkeeping clean-up engagement. You noti
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Answer:

See explanation section

Explanation:

Three reasons could be causing the opening equity balance high, and those are -

1. Issuing more common stock is one of the significant reasons for the company that causes a large amount in the opening balance of the equity account.

2. Issuing excess preference stock to involve the investors can be the other reason to get a higher amount of beginning equity balance.

3. Making much profit for the prior years, and keeping them with the retained earnings without expanding the business can be the third reason.

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3 years ago
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