172. You have just accepted your first job out of college, which requires you to evaluate loan requests at Beach Front National Bank. The first loan request you receive is from Surfer Dude Enterprises, a small company requesting $75,000. The General Manager sent you the following trial balance (or Statement of Accounts) for its first year of operations ended December 31, 2010.Which of the following […]
41.Which of the following accounts is not closed? A. Sales B. Accounts Receivable C. Depreciation Expense D. Purchases 42.Which of the following accounts is not closed? A. Capital B. Depreciation Expense C. Sales D. Purchase Discounts 43.Which of the following groups of accounts will have zero balances after the closing process is completed? A. Allowance for Doubtful Accounts […]
21.A trading security is measured at fair value on the balance sheet date and reported as a.A current asset, and changes in fair value are reported in earnings as unrealized gains and losses. b.A current asset, and changes in fair value are reported in earnings as realized gains and losses. c.Either a current or noncurrent asset depending on whether they meet the definition of […]
41. Under the total cost concept, manufacturing cost plus desired profit is included in the total cost per unit. 42. Under the variable cost concept, only variable costs are included in the cost amount per unit to which the markup is added. 43. The desired selling price for a product will be the same under both variable and total cost. 44. The amount of increase or decrease […]
85. Chandler Company purchased merchandise on credit from Lighting Supply for $5,600. Chandler would record this sale in the: A. General journal B. Cash receipts journal. C. Cash disbursements journal. D. Purchases journal. E. Accounts Payable controlling account. 86. Doughton Furniture Company purchased merchandise on credit from Furniture Supply for $8,000. Two days later Doughton returned $2,000 of the merchandise due to damage. Doughton would record the return of merchandise in […]
15) The number of units in the sales budget and the production budget may differ because of a change in ________. A) finished goods inventory levels B) overhead charges C) direct material inventory levels D) sales returns and allowances 16) Which of the following is a benefit of keeping inventory levels low? A) It reduces setup costs. B) It reduces shrinkage costs. C) […]
111. Mission Company has three employees: Gross Pay through July Gross Pay for August Smith $3,200 $1,000 Cain 25,800 3,500 Clark 94,600 13,100 The company is subject to the following taxes: Tax Rate Applied to FICA—Social Security 6.20 % First $106,800 FICA—Medicare 1.45 All gross pay FUTA .80 First $7,000 SUTA 5.40 First $7,000 […]
84. Thurman Corporation issued 450,000 shares of $.50 par value capital stock at its date of incorporation for cash at a price of $4 per share. During the first year of operations, the company earned $100,000 and declared a dividend of $40,000. At the end of this first year of operations, the balance of the Common Stock account is: A. $1,800,000. B. $1,860,000. C. $225,000. D. $1,820,000. […]
41.Which of the following is true of how managers may differ from shareholders? A.Managers can diversify the risks more easily. B.Managers are more likely to pursue projects with high potential payoffs. C.Managers diversify investments more easily. D.Managers are less averse to risk. E.Managers are likely to prefer more emphasis on uncertain incentives than base pay. 42.Which of […]
Multiple Choice Questions 31. Which of the following is the best description of investments in trading securities? A. Investments in bonds that management intends to hold to maturity. B. Investments in stocks or bonds that are held primarily for the purpose of selling them in the near future. C. Investments in more than fifty percent of the voting stock of another company. D. Investments that provides the investor […]
Throughout this course, you have learned what steps you will need to take to put together a successful team. You will use your knowledge about each step of the team-building process and its significance in a final report for your VP. You will explain what makes teams important and effective. This assignment gives you an opportunity to analyze your leadership potential while applying business writing skills.
Your VP has asked you to create a 5–7 member team that you will lead for a new product or service the company is introducing. You have taken steps throughout your course to begin building your team. You will deliver a business report to your VP for your final team proposal.
Write a 3–4 page report to the Vice President to include the following sections:
Include a title page with the following information: Project name. Date. Prepared by: your first and last name. Prepared for: your VP first and last name. Company name.
Your introduction should be 1–2 paragraphs summarizing what you will cover in the report as well as your reason for writing the report. Be as specific and concise as possible when writing your introduction so that the reader can clearly understand what they will find in your report.
The body of the report will include three labelled sections: Envisioning the Team Based on the Week 3 assignment and feedback, describe your team's purpose, its roles, and critical skills. Include the following: The team purpose statement (the shared goal). The specific roles that will make up your team and what each is responsible for. That includes description of responsibilities and the types of tasks each member performs. The skills/traits each role will require and why those are critical. Picking Your People Describe your plans for researching, recruiting, and evaluating the best candidates. Don't forget to review the Week 5 assignment on evaluating candidates and the instructor feedback. Support your rationale with examples and references from course resources. Use the following suggestions to get started: Share your scouting techniques to recruit for the team members. Share your plan to research applicants or potential candidates, including the supporting rationale. Share how you will attract and persuade the most valuable candidates to join your team. Provide examples of key roles on your team and explain the evaluation or testing recommended for those roles and why those are appropriate. Leading an Effective Team Explain what makes the team and you as a member of your own team effective. Include the following: Identify and explain four characteristics that will be important for your team to be effective and successful and why those are key. Provide support for your points from course resources. As a member of your own team explain strategies you will use to be the leader your team needs. Provide support from course resources and your DiSC assessment. Consider strategies for increasing team effectiveness. Think about what you learned about your personality traits from the DiSC assessment and complementary strengths in your team members.
Summarize the findings or results discussed in the report and reiterate the most important recommendations.
Check your assignment for grammatical errors. Review what you have written for clarity. Submit your report to the assignment in Week 10. This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions. The specific course learning outcome associated with this assignment is: Examine strategies for building an effective team and accomplishing tasks.
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