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3 years ago

Summarize three reasons why it is important to use critical thinking.

Business

1 answer:

shtirl [24]3 years ago

3 0

Answer:

Improve communication strategies

Support smooth operations

Streamline product development

Explanation:

Improve communication strategies. Communicating with different types of people requires defining the needs of the target audience, which demands critical thinking. For example, if a company is being bought out by a competitor, the CEO must consider how this will impact everyone, from low-level employees to investors, and determine what messages to convey to each party. Acting quickly is essential, as he or she should be the first to give the employees the news to maintain their trust.

Support smooth operations. Maintaining daily operations in an ever-changing environment requires constant critical thinking. For example, if the power goes out at a restaurant and there is no emergency generator, the manager must decide not only what to do with the customers and staff but also whether and how to salvage refrigerated food. The quicker the manager acts, the more likely he or she is to make the best of an unfortunate situation.

Streamline product development. A product development role requires multiple decisions to ensure efficacy, marketability and safety. For instance, if a company is marketing a new kitchen gadget, designing it a certain way would make it look more appealing, but that design could also make it more difficult to use. Should the company prioritize function or fashion? The sooner it reaches a decision, the sooner production can begin.

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Bindy Crawford created a corporation providing legal services, Skysong, Inc., on July 1, 2022. On July 31 the balance sheet show

ad-work [718]

Answer:

Bindy Crawford

1. Tabular Analysis of the August Transactions:

Cash Accounts Supplies Equipment Accounts Common Retained

Receivable Payable Earnings

7/31 $4,600 $7,400 $730 $9,900 $9,100 $11,700 $1,830

8/1 +1,200 -1,200

8/4 -2,770 -2,770

8/9 +3,510 +2,540 +6,050

8/15 -510 +4,180 +3,670

8/19 -2,480 -2,480

8/23 -670 -670

8/26 +5,700 +5,700

8/31 -370 -370

8/31 $8,210 $8,740 $730 $14,080 $15,700 $11,700 $4,360

2. Income Statement for the month of August

Service revenue $6,050

Salaries expense $1,390

Rent expense 760

Advertising expenses 330

Utility expenses 370 2,850

Net income $3,200

3. Retained Earnings Statement for the month of August

Retained earnings, July 31 $1,830

Net income 3,200

Dividends (670)

Retained earnings, Aug. 31 $4,360

4. Classified Balance Sheet as of August 31

Assets

Current Assets:

Cash $8,210

Accounts receivable 8,740

Supplies 730 $17,680

Long-term Assets:

Equipment $14,080

Total assets $31,760

Liabilities and Equity

Current liabilities:

Accounts Payable 10,000

Notes Payable 5,700 $15,700

Equity:

Common stock 11,700

Retained earnings 4,360 $16,060

Total liabilities and equity $31,760

Explanation:

a) Data and Analysis:

8/1 Cash $1,200 Accounts receivable $1,200

8/4 Accounts payable $2,770 Cash $2,770

8/9 Accounts receivable $2,540, Cash $3,510 Service revenue $6,050

8/15 Equipment $4,180 Cash $510 Accounts payable $3,670

8/19 Salaries expense $1,390, Rent expense $760, Advertising expenses $330 Cash $6,150

8/23 Cash dividend $670 Cash $670

8/26 Cash $5,700 Note payable (American Federal Bank) $5,700

8/31 Utility expenses $370 Cash $370

Tabular Analysis of the August Transactions:

Cash Accounts Supplies Equipment Accounts Common Retained

Receivable Payable Earnings

7/31 $4,600 $7,400 $730 $9,900 $9,100 $11,700 $1,830

8/1 +1,200 -1,200

8/4 -2,770 -2,770

8/9 +3,510 +2,540 +6,050

8/15 -510 +4,180 +3,670

8/19 -2,480 -2,480

8/23 -670 -670

8/26 +5,700 +5,700

8/31 -370 -370

8/31 $8,210 $8,740 $730 $14,080 $15,700 $11,700 $4,360

7 0

3 years ago

Thirty-five members of the Ortiz extended family were spread across three states—Illinois, New York and Florida—and they rarely

Stells [14]

The answer will be 2,500 because u have to calculate which I did.

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3 years ago

15. Snowland and Pledza are neighboring countries. Pledza imports more products than it exports. Over the last decade, Pledza im

antiseptic1488 [7]

Answer:

trade deficit

Explanation:

From the question, we are informed about Snowland and Pledza are neighboring countries. Pledza imports more products than it exports. Over the last decade, Pledza imports from Snowland have been rapidly increasing but not fast enough to offset the exports to Snowland. In this case we can say about Pledza has a trade deficit. trade deficit also known as "negative balance of trade" can be described as a method to measure international trade. It can be regarded as the amount by which cost spent on the imports in a country exceeds the cost of exports. We can calculate trade deficit by finding the difference in value of exports of country and its imports.

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3 years ago

Under the modern traditional theory, the sovereign may nationalize foreign-owned property only where: a. it is for a public purp

Nana76 [90]

Answer: a. it is for a public purpose.

Explanation:

According to the Modern Traditional theory on compensation which deals with the seizure of foreign-owned property by the government of the nation in which the property is located, the sovereign authorities may nationalize foreign-owned property if it is deemed to be for public use.

If the government has shown that nationalization is for the good of the nation, the theory espouses that it is allowed. They would however have to provide adequate compensation to those whom the property was seized from.

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3 years ago

Which of the following is true?

Sloan [31]

d if work is for school you mau

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3 years ago

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