Ace Builders Had the Following Transactions in June: Earned $4

question 98

Multiple Choice

Ace Builders had the following transactions in June: Earned $4 000 'on credit;' collected $3 000 from a customer which was owed from a previous month; incurred $500 of repair expense and paid cash to the repairman; paid $1 200 to a supplier that it owed from the previous month; paid out $800 in cash drawings to the owner. How much was the Profit in June?

• A)$5 700
• B)$500
• C)$3 500
• D)$2 700

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Definitions:

Differentiated TMS

Stands for Differentiated Transactive Memory Systems, which involve compartmentalized and specialized knowledge distribution within teams.

Free-riders

Individuals who benefit from the efforts and contributions of a group without offering equivalent participation or input.

Lower Cohesion

A state of reduced unity and agreement within a group, which can impact its effectiveness and performance negatively.

Uneven Communication Problem

This problem occurs when there is an imbalance in the flow of information among team members, leading to misunderstandings or lack of coordination.