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Verizon [17]
3 years ago
12

For each example presented below, identify the managerial skill being illustrated.

Business
1 answer:
olga2289 [7]3 years ago
4 0

Question Completion with Options:

1. Interactional Fairness

2. Distributive Fairness

3. Procedural Fairness

4. Trust

Answer:

1. Managerial skills being illustrated in each of the examples presented:

a. Trust

b. Interactional fairness

c. Distributive fairness

2. 1. First impression bias

Explanation:

Trust: Here, Charles showed a lack of trust in one of his colleagues who was a gossip.

Interactional fairness: The quality of time spent interacting with another person can improve perceptions and relationships.

Distributive fairness: This involves a comparison of outcome with the cost incurred to earn the benefit.

Procedural fairness requires fairness in decision-making without bias.

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The following are the 20X2 transactions of the Midwest Heart Association, which has the following funds and fund balances on Jan
abruzzese [7]

Answer:

Midwest Heart Association

1. Journal Entries:

1. Debit Pledges Receivable $700,000

  Credit Pledges Revenue $700,000

To record unrestricted pledges received.

1. Debit Uncollectible Expense $56,000

  Credit Allowance for Uncollectibles $56,000

To record 8% of uncollectible pledges.

2. Debit Temporarily restricted net assets $150,000

   Credit Pledges Receivable $150,000

To record receipt of restricted use grants.

3. Debit Unrestricted net assets $520,000

   Credit Pledges Receivable $520,000

To record current pledges collected

3. Debit Allowance for Uncollectible $26,000

   Credit Uncollectible Expense $26,000

To record the write-off of $30,000 remaining uncollected pledges.

4. Debit Office Equipment $15,000

   Credit Unrestricted net assets $15,000

To record the purchase of office equipment

5. Debit Building Mortgage $3,000

   Credit Unrestricted net assets $3,000

To record the payment of mortgage on buildings.

6. Debit Unrestricted net assets $27,200

   Debit Temporarily restricted net assets $5,400

   Credit Interest and dividends Revenue $32,600

To record the receipt of interest and dividends.

6. Debit Permanently restricted net assets $1,000

   Debit Unrestricted net assets $5,000

   Credit Sale of Endowment Investment $6,000

To record the sale and gain of endowment investments.

7. Debit Depreciation Expense:

  Community services $ 12,000

  Public health education $7,000

  Research $10,000

  Fundraising $15,000

  General and administrative $9,000

Credit Accumulated Depreciation $53,000

To record depreciation expense for the year.

8. Debit Other expenses:

 Community services $ 250,600

 Public health education $100,000

 Research $81,000

 Fundraising $39,000

 General and administrative $61,000

Credit Unrestricted net assets $531,600

To record other expenses.

Debit Clerical services expense $2,400

Credit Donated clerical services $2,400

To record the receipt of donated clerical services.

b. Statement of Activities for the year ended December 31, 20X2:

Revenue:

Pledges                                  $700,000

Interest and dividends              32,600

Sale of Endowments                   6,000   $738,600

Depreciation expense:

  Community services           $ 12,000

  Public health education        $7,000

  Research                              $10,000

  Fundraising                          $15,000

  General & administrative      $9,000       53,000

Other expenses:

 Community services        $ 250,600

 Public health education     $100,000

 Research                               $81,000

 Fundraising                          $39,000

 General and administrative $61,000      531,600

Clerical services expense                          $2,400

Change in net assets                              $151,600

Explanation:

a) Data and Calculations

1. Unrestricted net assets

Beginning balance           $ 281,000

Pledges receivable            520,000        

Office equipment                (15,000)

Building mortgage               (3,000)

Interest and Dividends       27,200

Sale of Endowment              5,000

Other expenses              (531,600)

Ending balance             $278,600

2. Temporarily restricted net assets

Beginning balance            $ 87,000

Restricted use grants      $150,000

Interest and Dividends          5,400

Ending balance               $242,400

3. Permanently restricted (endowment) net assets

Beginning balance          $ 219,000

Gain from Endowment           1,000

Ending balance               $220,000

b) Midwest Heart Association's Statement of Activities is the financial statement that shows the revenues and expenses of the association, including the change in net assets during a period.  It is like the income statement of a profit-making entity that shows revenue and expenses.  While the excess in revenue over expenses is called net income for a profit-making entity, it is called change in net assets for a non-profit-making organization like Midwest Heart Association.

5 0
3 years ago
Edward applied to Harris-Teeter Foods for a manager’s job. His work history includes 8 years as a cashier. His references say he
Brums [2.3K]

Based on the information given this is an example of : hiring an external candidate.

<h3>
What is external candidate?</h3>

Hiring an external candidate means to employ a candidate or new employee which is not an existing or current employee of the organization that employed him.

Based on the given scenario Edward is an external candidate who was hired by HT to fill in a management position which inturn means that  Edward is not an existing employee of Harris-Teeter Foods.

Inconclusion this is an example of : hiring an external candidate.

Learn more about hiring an external candidate here:brainly.com/question/6082099

4 0
2 years ago
Teresa, the owner of Plant Fantasies, communicates the landscape design requirements to her employees in the flower department m
natulia [17]

Answer:

The answer is downward communication (Option B)

Explanation:

Downward communication is said to have taken place when information is relayed from superiors to subordinates. In other words, it is the kind of information that flows from people at the top of an organization structure (superior) to those at the bottom (subordinates).  

Teresa (in the question) belongs to the top of her business or company (Plant Fantasies). She carried out downward communication by informing her employees (subordinates) in the flower department about landscape design requirements.

Downward communication could be oral or written. The oral takes the form of meetings, speeches and telephonic conversations e.t.c. On the other hand, the written takes the form of electronic displays, manuals, handbook, manuals, notices e.t.c.

7 0
4 years ago
Juana looked at her September issue of O magazine and did not see anything of interest. However, after her mother was diagnosed
777dan777 [17]

Answer: attention

Explanation: The given case illustrates the concept of selective attention.

      Selective attention refers to the situation when an individual focuses on a particular aspect of a vast subject matter due to his or her specific need or preferences.

In the given case, Juana found the magazine interesting because of the topic regarding a disease was covered in the magazine from which her mother was suffering.

Therefore, we can conclude that the correct option is C.

7 0
3 years ago
Grey Corporation has $100,000 of accounts receivable on December 31, 2015. The unadjusted balance of its Allowance for Doubtful
Ksenya-84 [330]

Answer:

4,000

Explanation:

expected uncollectible 5% of Ar

5% of 100,000 = 5,000

current balance  (1,000 credit)

Adjustment 4,000

When the uncolelctibles are made base on account receivable, the amount calculate is the ending balance and we should calculate the adjustment  by the diference between beginning balance and ending balance

If the allowance is made based on sales then weshould adjust for the whole amount of the expected bad debt

4 0
3 years ago
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