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Show Entries in General Journal Form for the Following Transactions

question 14

Essay

Show entries in general journal form for the following transactions of Bothwell Regional Hospital,a nongovernmental not-for-profit hospital.1.For the month just ended the hospital received in cash $8,000 from the hospital's gift shop sales,and received donated medicines with a fair value of $47,000.These medicines are of the type the hospital normally would purchase.2.The hospital's finance officer,in compliance with the directive of the governing board,invested $600,000 of operating cash in certificates of deposit to be held for future purchases of equipment.3.New equipment costing $750,000 was purchased from money given the hospital in a prior year to be held until needed for equipment purchases.4.A federal grant was received in cash in the amount of $400,000 to be used for heart research.During the current year only $50,000 was spent for this research program.

Understand the significance of external coordination and how it relates to team interdependence.

Recognize the importance of developing member skills, role clarity, and strategies for performing tasks effectively as a team.

Acknowledge the potential benefits and risks associated with high cohesiveness in decision-making groups.

Understand the essential factors contributing to high team performance, including collective efficacy, diverse mental models, and skill levels.

Definitions:

Graen

Refers to George B. Graen, a researcher known for his work on Leader-Member Exchange (LMX) theory, which focuses on the relationship between leaders and subordinates.

Uhl-Bien

A researcher known for contributions in leadership studies, focusing on relational leadership and complex organizing processes.

Leadership Making

A process of developing leadership qualities within individuals or organizations to foster effective leadership roles.

Relationship Quality

Describes the depth and satisfaction of connections between individuals, encompassing factors like trust, communication, and mutual respect.