The Following Are Relevant Account Balances from Winthrop Company's Comparative

question 17

Essay

The following are relevant account balances from Winthrop Company's comparative balance sheet and 2017 income statement.
$$\begin{array} { | l | c | r | } \hline & \text { December } 31,2017 & \text { January } 1,2017 \\\hline \text { Accounts receivable } & \$ 15,000 & \$ 19,000 \\\text { Prepaidinsurance } & 5,000 & 3 , 0 0 0 \\\text { Unearned revenue } & 8 , 0 0 0 & 11,000 \\\text { Salaries payable } & 9 , 0 0 0 & 5 , 0 0 0 \end{array}$$
Winthrop's 2017 income statement includes the following:
$\begin{array}{lr}\text { Sales revenue } & \$ 89,000 \\\text { Insurance expense } & 4,000 \\\text { Salaries expense } & 31,000\end{array}$
Determine the amount of cash paid for salaries during 2017.

Recognize the functions of leading in organizational settings.

Differentiate between the bases of personal power and position power.

Comprehend the positive aspects of power and how it contributes to effective leadership.

Grasp the concept of Drucker's "old-fashioned" leadership, including its emphasis on personal integrity, responsibility, and mission.

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