Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 6.4, Problem 1CC
How do leaders influence other people's behavior?
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Prince Corporation acquired 100 percent of Sword Company on January 1, 20X7, for $187,000. The trial balances for the two companies on December 31, 20X7, included the following amounts:
Item
Prince Corporation
Sword Company
Debit
Credit
Debit
Credit
Cash
$ 94,000
$ 43,000
Accounts Receivable
59,000
64,000
Inventory
183,000
104,000
Land
92,000
38,000
Buildings and Equipment
496,000
151,000
Investment in Sword Company
248,000
Cost of Goods Sold
496,000
254,000
Depreciation Expense
22,000
12,000
Other Expenses
65,000
65,000
Dividends Declared
51,000
23,000
Accumulated Depreciation
$ 153,000
$ 60,000
Accounts Payable
64,000
34,000
Mortgages Payable
192,000
111,000
Common Stock
291,000
40,000
Retained Earnings
335,000
91,000
Sales
687,000
418,000
Income from Sword Company
84,000
$ 1,806,000
$ 1,806,000
$ 754,000
$ 754,000
Additional Information
On January 1, 20X7, Sword…
Chapter 6 Solutions
Introduction to Business
Ch. 6.1 - Define the term management.Ch. 6.1 - What are the four key functions of managers?Ch. 6.1 - What is the difference between efficiency and...Ch. 6.2 - What is the purpose of planning, and what is...Ch. 6.2 - Identify the unique characteristics of each type...Ch. 6.3 - Explain the managerial function of organizing.Ch. 6.3 - What is the managerial pyramid?Ch. 6.4 - How do leaders influence other people's behavior?Ch. 6.4 - How can managers empower employees?Ch. 6.4 - What is corporate culture?
Ch. 6.5 - Describe the control process.Ch. 6.5 - Why is the control process important to the...Ch. 6.6 - What are the three types of managerial roles?Ch. 6.6 - Give examples of things managers might do when...Ch. 6.6 - List the five steps in the decision-making...Ch. 6.7 - Define the basic managerial skills.Ch. 6.7 - How important is each of these skill sets at the...Ch. 6.8 - How can information technology aid in...Ch. 6.8 - What are three principles of managing...Ch. 6.8 - Describe several guidelines for crisis management.Ch. 6 - Are top executives paid too much? A study of CEO...Ch. 6 - What type of manager is T.K. Kurien? How would you...Ch. 6 - What managerial role does T.K. Kurien assume in...Ch. 6 - What management skill sets does he exhibit?
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