The Following Information Is Available for the Weston Consulting Company

question 79

Essay

The following information is available for the Weston Consulting Company for the fiscal year ended December 31.
$$\begin{array} { l r r } \text { Gross margin } & \$ 170,000 \\\text { Operating profit } & \$ 65,500 \\\text { Reveruses } & \$ 809,000\\\text { Income tax rate }&34\%\end{array}$$
Required:
(a) Compute the cost of services sold.
(b) Compute the total marketing and administrative costs.
(c) Compute net income.

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Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Hersey-Blanchard

This refers to the Situational Leadership Model developed by Paul Hersey and Kenneth Blanchard, which suggests that successful leadership is achieved by selecting the right leadership style, which is contingent on the level of the followers' maturity.

Participating

In a management context, the act of involving individuals or groups in the decision-making process to ensure a wide range of viewpoints and contributions.