At the End of Its First Month of Operations,Michael's Consulting

question 81

Multiple Choice

At the end of its first month of operations,Michael's Consulting Services reported net income of $25,000.They also had account balances of: Cash,$18,000; Office Supplies,$2,000 and Accounts Receivable $10,000.The sole stockholder's total investment in exchange for common stock for this first month was $5,000.There were no dividends in the first month. Calculate the amount of total equity to be reported on the balance sheet at the end of the month.

• A)$30,000
• B)$25,000
• C)$20,000
• D)$5,000
• E)$7,000

Formulate personal media-related communication practices from a sociological perspective, incorporating the use of social networking sites and texting.

Predict the future impact of mass media on social life, employing theoretical perspectives and contemporary examples.

Critically assess mainstream news media reportage of political events through the lens of critical theories.

Explain the increasing popularity of social media and blogs among young people, including motivations for sharing personal life online.

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Definitions:

Essential KSAs

Stands for essential Knowledge, Skills, and Abilities; these are the critical and necessary attributes required to successfully perform a job or task.

Team Tasks

Activities or duties assigned to a group of individuals who work together toward a common goal, leveraging their collective skills and resources.

Expressive Communication Skills

The ability to effectively convey thoughts, feelings, and emotions through verbal and non-verbal communication.

Group Intelligence

The collective problem-solving and creative ability of a group, which can be different from the sum of the intelligences of the individual members.