The Accounts of Garfield Company with the Increases or Decreases

question 131

Short Answer

The accounts of Garfield Company with the increases or decreases that occurred during the past year are as follows:
Account Increase Decrease
Cash $25,000
Accounts receivable $(5,000)
Accounts payable (11,000)
Notes payable 16,000
Except for net income,an investment of $3,000 by the owner,and a withdrawal of $11,000 by the owner,no other items affected the owner's capital account.Using the balance sheet equation,compute net income for the past year.

Acknowledge the role of context in influencing communication effectiveness.

Analyze the suitability of communication media for specific business needs.

Understand the ethical considerations in effective communication.

Recognize the importance of audience analysis in communication strategy.

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Definitions:

Substantive Negotiation

The process of discussing and making decisions on the actual issues at stake in a negotiation, rather than on procedural or relational matters.

Working Relationships

The interactions and connections that are established between colleagues and team members in a professional environment, impacting teamwork and organizational culture.

Ethical Considerations

Refers to the principles and values that guide behavior and decision-making based on notions of right and wrong.

Unethical Behaviour

Actions that are dishonest, immoral, or violate moral principles and standards.