Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 10, Problem 7CRQ
Why are diverse teams better at decision-making and problem-solving?
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Summary information from the financial statements of two companies competing in the same industry follows.
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Question: Record the purchase of equipment in a general journal format.
• July 1, 2021- Signed a lease for an office and issued Check 101 for $15,600 to pay the rent in advance for six months. • July 1, 2021- Borrowed money from Bancorp West by issuing a four-month, 4.5 percent note for $40,000; received $39,400 because the bank deducted the interest in advance. • July 1, 2021- Signed an agreement with Johnson Ventures to provide financial services for one year at $6,000 per month; received the entire fee of $72,000 in advance. The $72,000 was credited to Unearned Financial Service Fees. • July 1, 2021- Purchased office equipment for $15,900 from Office Outfitters; issued a two-month, 6 percent note in payment. The equipment is estimated to have a useful life of five years and a $1,500 salvage value. The equipment will be depreciated using the straight-line method. • July 1, 2021- Purchased a one-year insurance policy and issued Check 102 for $1,860 to pay the entire…
Question: Record the fees received in advance in a general journal format.
• July 1, 2021- Signed a lease for an office and issued Check 101 for $15,600 to pay the rent in advance for six months. • July 1, 2021- Borrowed money from Bancorp West by issuing a four-month, 4.5 percent note for $40,000; received $39,400 because the bank deducted the interest in advance. • July 1, 2021- Signed an agreement with Johnson Ventures to provide financial services for one year at $6,000 per month; received the entire fee of $72,000 in advance. The $72,000 was credited to Unearned Financial Service Fees. • July 1, 2021- Purchased office equipment for $15,900 from Office Outfitters; issued a two-month, 6 percent note in payment. The equipment is estimated to have a useful life of five years and a $1,500 salvage value. The equipment will be depreciated using the straight-line method. • July 1, 2021- Purchased a one-year insurance policy and issued Check 102 for $1,860 to pay the…
Chapter 10 Solutions
Organizational Behavior
Ch. 10.1 - What is the definition of a team?Ch. 10.1 - Name some practices that can make a team more...Ch. 10.2 - What are the four stages of team development?Ch. 10.2 - What can cause a team to regress in its...Ch. 10.3 - Discuss the paradox(es) of a team.Ch. 10.3 - How can a leader manage team boundaries?Ch. 10.4 - What are some techniques to make conflict more...Ch. 10.4 - What are some destructive responses of conflict?Ch. 10.5 - Why do diverse team focus more on data than...Ch. 10.5 - How are diversity and innovation related?
Ch. 10.6 - What are some of the challenges of a multicultural...Ch. 10.6 - Explain the cultural intelligence techniques of...Ch. 10 - What are the key differences between a team and a...Ch. 10 - At what stage of team development does the team...Ch. 10 - What can cause a team to digress to an earlier...Ch. 10 - What can a team leader do to manage the teams...Ch. 10 - How does managing conflict help a team learn and...Ch. 10 - What are some strategies to make conflict more...Ch. 10 - Why are diverse teams better at decision-making...Ch. 10 - Why do diverse teams utilize data more often than...Ch. 10 - What are some of the challenges that multicultural...Ch. 10 - What are the key sources of cultural intelligence?Ch. 10 - If you dont have a diverse group of people on your...Ch. 10 - Evaluate your own team at work. Is it a diverse...
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Similar questions
- Question: Record the payment of rent in a general journal format using the information below. July 1, 2021- Signed a lease for an office and issued Check 101 for $15,600 to pay the rent in advance for six months. • July 1, 2021- Borrowed money from Bancorp West by issuing a four-month, 4.5 percent note for $40,000; received $39,400 because the bank deducted the interest in advance. • July 1, 2021- Signed an agreement with Johnson Ventures to provide financial services for one year at $6,000 per month; received the entire fee of $72,000 in advance. The $72,000 was credited to Unearned Financial Service Fees. • July 1, 2021- Purchased office equipment for $15,900 from Office Outfitters; issued a two-month, 6 percent note in payment. The equipment is estimated to have a useful life of five years and a $1,500 salvage value. The equipment will be depreciated using the straight-line method. • July 1, 2021- Purchased a one-year insurance policy and issued Check 102 for $1,860…arrow_forwardQuestion: Record the borrowing in a general journal format. • July 1, 2021- Signed a lease for an office and issued Check 101 for $15,600 to pay the rent in advance for six months. • July 1, 2021- Borrowed money from Bancorp West by issuing a four-month, 4.5 percent note for $40,000; received $39,400 because the bank deducted the interest in advance. • July 1, 2021- Signed an agreement with Johnson Ventures to provide financial services for one year at $6,000 per month; received the entire fee of $72,000 in advance. The $72,000 was credited to Unearned Financial Service Fees. • July 1, 2021- Purchased office equipment for $15,900 from Office Outfitters; issued a two-month, 6 percent note in payment. The equipment is estimated to have a useful life of five years and a $1,500 salvage value. The equipment will be depreciated using the straight-line method. • July 1, 2021- Purchased a one-year insurance policy and issued Check 102 for $1,860 to pay the entire premium. •…arrow_forwardIn the 2016, "ATB: digital disruption in the parking meter industry" case provide a financial analysis of firmarrow_forward
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