The Total Revenues of $6,500, Total Expenses of $3,500, and Dividends

question 65

Short Answer

The total revenues of $6,500, total expenses of $3,500, and dividends of $500 were recorded in the closing entries. Calculate the net change in retained earnings for the month.

Know the impact of job satisfaction on employee behavior and organizational outcomes.

Understand the systemic nature of organizations and the critical role of stakeholders in organizational success.

Understand the changing composition of the labor force and the increasing diversity within it.

Identify and describe the four fundamental managerial functions: planning, organizing, leading, and controlling.

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Definitions:

Open Systems

A theory or model that views organizations as entities that interact with their environments to exchange resources and information.

Information

Data that is processed, organized, or structured in a given context to make it meaningful or useful.

Organizing

The act of arranging or structuring elements in a systematic way, often in the context of social or political movements.

Structure

The arrangement or organization of related elements in a systemic whole, often used to describe physical constructs, societal systems, or logical frameworks.