The Following Is Selected Information from Motley Corporation for the Fiscal

question 141

Multiple Choice

The following is selected information from Motley Corporation for the fiscal year ending October 31, 2015. $\begin{array}{lr}\text { Cash received from customers } & \$ 300,000 \\\text { Revenue recognized } & 375,000 \\\text { Cash paid for expenses } & 180,000 \\\text { Cash paid for computers on November 1, 2014 that will be used } & \\\quad \text { for 3 years (annual depreciation is } \$ 16,000 \text { ) } & 48,000\\\text { Expenses incurred, including interest, but excluding any depreciation }&220,000\\\text { Proceeds from a bank loan, part of which was used to pay for }\\\text { the computers }&100,000\end{array}$ Based on the accrual basis of accounting, what is Motley Corporation's net income for the year ending October 31, 2015?

• A) $72,000.
• B) $104,000.
• C) $139,000.
• D) $155,000.

Identify and describe the concepts of empowerment, including the factors that contribute to its success or failure within organizations.

Recognize the role of self-promotion and ingratiation in organizational politics and their effects on job performance.

Analyze the difference between personal power and institutional power in managerial context.

Assess the impact of critical factors and strategic contingencies on organizational effectiveness.

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Definitions:

Prosecuted

The legal process of charging someone with a crime and conducting a trial to determine their guilt or innocence.

Employer's Payroll Tax

Taxes that employers are required to pay on behalf of their employees, which include social security and Medicare taxes in the United States.

Taxable Earnings

Shows amount of earnings subject to a tax. The tax itself is not shown.

Unemployment Taxes

Taxes paid by employers to fund unemployment insurance programs for workers who lose their jobs.