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4 years ago

Effective teams avoid groupthink by striving for team diversity, encouraging open discussion, and what?

Business

1 answer:

Sladkaya [172]4 years ago

8 0

Answer:

B) Collecting and evaluating only information that supports their opinions

Explanation:

Groupthink is a group phenomenon happening when group members' desire for cohesiveness becomes stronger than the critical approach of each member. Decisions that are affected by groupthink become biased and lack arguments which are essential for constructive discussion and effective decision-making.

In order to avoid this group problem, it is good to encourage team diversity (team members with diverse backgrounds and knowledge) and open discussion, where each team member would be backed up with arguments that supports his/her opinion. This is the best way to boost critical discussion and avoid groupthink, which leads to good team decisions.

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A citizen group raised funds to establish an endowment for the Eastville City Library. Under the terms of the trust agreement, t

tino4ka555 [31]

Answer:

a. Journal entries

Particulars Debit Credit

Revenue: Addition to permanent $510,000

endowment

Revenue investment income $48,000

Revenue : increase in fair value $8,000

of investment

Expenditure - subscription $39,500

Fund balance $526,500

b. Statement of revenue , expenditure , and changes in fund balance

Particulars Amount

Revenue

Addition to permanent endowment $510,000

Investment income $48,000

Increase in fair value of investment $8,000

Total revenue $566,000

Expenditure

Library subscription $-39,500

Net change in fund balance $526,500

Beginning fund balance 0

Ending fund balance $526,500

c. Balance sheet

Assets

Cash $8,500

Investments $5,18,000

Accrued interest receivable $2,000

Total assets $528,500

Liabilities and fund balance

Liabilities

Accounts payable $2,000.00

Fund balance

Non spendable permanent $510,000

fund principal

Assigned to library $16,500

($526,500 - $510,000)

Total fund balance $526,500

Total liabilities and fund balance $528,500

3 0

3 years ago

Garcia Company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the a

vladimir2022 [97]

Answer:

1. Cash proceed is $281,400.

2. Total bond interest expenses over the bond llife is $318,600.

3. Bond interest expense on first interest payment date is $11,256.

Explanation:

1. Using the implied selling price of 117 ¼, what are the issuer's cash proceeds from issuance of these bonds?

Selling price = 117 ¼ / 100 = 1.1725

Cash proceed = Bond face value * Bond selling price = $240,000 * 1.1725 = $281,400.

2. What total amount of bond interest expense will be recognized over the life of these bonds?

Total interest payment = $240,000 * 10% * 15 = $360,000

Total repayment = Total interest payment + Bond par value = $360,000 + $240,000 = $600,000

Total bond interest expenses over the bond llife = Total repayment - Cash proceed/Amount borrowed = $600,000 - $281,400 = $318,600

3. What amount of bond interest expense is recorded on the first interest payment date?

Bond interest expense on first interest payment date = Cash proceed * Annual market rate on issue date * (6/12) = $281,400 * 8% * 0.5 = $11,256

4 0

4 years ago

Management accounting is accounting for effective management. Explain this statement.

Marianna [84]

Explanation:

Management is the process of organizing, commanding, coordinating and controlling administrative resources. When we talk about management accounting, we relate to a company's financial resources, which are essential for profitability, payments, investments, etc., that is, so that the business can flow effectively.

Therefore, it is correct to say that managerial accounting is the accounting for effective management because accounting is an instrument of control and management for organizing financial accounts and indexes, these being essential instruments in helping to better decision making in a period of time, giving subsidies for managers to adapt and anticipate negative financial situations for example.

4 0

3 years ago

You just sold 900 shares of Alcove stock at a price of $34.08 a share. Last year you paid $39.20 a share to buy this stock. You

ehidna [41]

Answer:

d. -$4,608

Explanation:

The computation of the total capital gain is shown below:

Total capital gains is

= (End value - Beginning value) × 900 shares

= ($34.08 - $39.20) × 900 shares

= -$4,608

Hence, the total capital gain on this investment is -$4,608

Therefore the option d is correct

And, the same is to be relevant

5 0

4 years ago

During year 2, Rand Co. purchased $960,000 of inventory. The cost of goods sold for year 2 was $900,000, and the ending inventor

Elza [17]

Answer:

Option (b) 6.0

Explanation:

Data provided in the question:

Purchases = $960,000

Cost of goods sold = $900,000

Ending inventory = $180,000

Now,

Beginning inventory = Cost of goods available for sale - Purchases

= ( $900,000 + $180,000 ) - $960,000

= $120,000

Thus,

Average inventory = ( $120,000 + $180,000 ) ÷ 2

= $150,000

therefore,

Inventory turnover = Cost of goods sold ÷ Average inventory

= $900,000 ÷ 150,000

= 6.0

Option (b) 6.0

6 0

4 years ago