Following Is a Random List of Accounts with Normal Balances

question 102

Essay

Following is a random list of accounts with normal balances for the Sisco Merchandising as of December 31, 2019. All adjusting entries have been made. Closing entries have not been made. $$\begin{array} { l r } \text { C. Sisco, Capital } & \$ 159,000 \\\text { Land } & 80,000 \\\text { Sales discounts } & 18,000 \\\text { Supplies expense } & 9,000 \\\text { Interest revenue } & 14,000 \\\text { Mortgage payable } & 80,000 \\\text { Cash } & 22,000 \\\text { Accounts receivable } & 34,000 \\\text { Unearned service revenue } & 11,000 \\\text { Salary expense } & 23,000 \\\text { Accounts payable } & 36,000 \\\text { Accumulated amort -building } & 17,000 \\\text { Equipment } & 46,000 \\\text { Prepaid insurance } & 8,000 \\\text { Interest expense } & 6,000 \\\text { C. Sisco, Withdrawals } & 15,000 \\\text { Sales revenue } & 285,000 \\\text { Interest receivable } & 5,000 \\\text { Inventory } & 28,000 \\\text { Accumulated amort -equipment } & 12,000 \\\text { Insurance expense } & 21,000 \\\text { Salary payable } & 6,000 \\\text { Supp lies } & 4,000 \\\text { Cost of goods sold } & 156,000 \\\text { Sales returns \& allowances } & 13,000 \\\text { Amortization expense-building } & 8,000 \\\text { Amortization expense-equipment } & 8,000 \\\text { Interest payable } & 14,000 \\\text { Utilities expense } & 8,000 \\\text { Delivery expense } & 7,000 \\\text { Building } & 115,000\end{array}$$ Prepare a single-step income statement for Sisco Merchandising for the year ended December 31, 2019.

Understand the strategic calculation of resistance points, target settlements, and their implications for bargaining outcomes.

Grasp the long-term impact of bargaining strategies on employer-employee-union relationships.

Differentiate between types of bargaining issues and their classification as zero-sum or constant-sum games.

Appreciate the importance of focusing on common interests in integrative bargaining to achieve mutually beneficial outcomes.

---

Definitions:

Productivity

The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.

Structure Meetings

A systematic approach to organizing meetings with predefined agendas, objectives, and time frames to ensure productivity and efficiency.

High-Context

A communication style wherein much of the message is conveyed through the context or non-verbal cues rather than through explicit words.

Subtle Information

Refers to details that are not immediately obvious or are indirectly hinted, requiring careful observation to be understood.