At the End of the First Month of Operations for SloMo

question 22

Multiple Choice

At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $11,350; Prepaid Insurance, $400; Equipment, $26,200 and Cash, $21,650. On the same date, SloMo owed the following creditors: Simpson Supply Company, $17,000; Allen Office Equipment, $14,500.
The total assets for the SloMo Delivery Service are:

• A)$59,600.
• B)$21,650.
• C)$33,400.
• D)$33,000.

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Definitions:

Structural Differentiation

The process of dividing an organization into smaller units or departments that specialize in specific tasks or functions.

Unresolved Prior Conflicts

Disagreements or disputes from the past that have not been addressed or resolved, often leading to ongoing tension or issues.

Role Ambiguities

The uncertainty or lack of clarity surrounding the expectations, responsibilities, and duties of a particular role.

Distributive Negotiation

Focuses on ‘win–lose’ claims made by each party for certain preferred outcomes.