John Kotter’s theory for leading can help business staffs to
improve their performance especially in completing assignments and improving
teamwork. His theory centers on eight
steps:
1.
Creating urgency to spur change.
2.
Forming a powerful coalition from people of
diverse talents.
3.
Make a vision of change that would inspire and
rally your group.
4.
Communicate that vision so that all of you
understand what needs to be done.
5.
Remove obstacles that would impede your goals.
6.
Create short-term wins that would help in the
short run but will contribute in the long run.
7.
Build on change while the momentum is there.
8.
Anchor that change as a model for others to
follow.
Answer:
January 1
Cash 614000 Dr
Notes Payable 614000 Cr
Explanation:
The Sheffield Brick Company has borrowed from the Admire county bank which means the note payable is a liability in the books of the Sheffield Brick company. As liability is increased or recorded, it is credited. The amount of liability is $614000 on the day of the issuance of note. Thus, Sheffield will credit Note payable by $614000.
The Sheffield company has received cash by signing note. As cash is an asset and it is increasing, the Sheffield company will debit cash by 614000 against the notes payable.
Answer:
The net cash provided by investing activities on the statement of cash flows will be $106,000
Explanation:
Investing activities include all the cash transactions incurred for the fixed asset of the company.
The net cash provided by (used in) investing activities can be calculated as follows
Net cash provided by (used in) investing activities = Sale of long-term investment + Collection by McCorey of a loan made to another company
Where
Sale of long-term investment = $60,000 ( Cash inflow )
Collection by McCorey of a loan made to another company = $46,000 ( Cash Inflow )
Placing values in the fomrula
Net cash provided by investing activities = $60,000 + $46,000 = $106,000
