Use the Following Information to Calculate At, or for the Year

question 91

Essay

Use the following information to calculate at, or for the year ended, December 31, 2010, (A) net income,(B) owner's capital,(C) total liabilities and owner's equity, and(D) accounts receivable.
$\begin{array}{lrlr}\text { Supplies } & 1,000 & \text { Cash } & \$ 32,000 \\\text { Wages Expense } & 14,000 & \text { Withdrawals } & 16,000 \\\text { Accounts Payable } & 22,000 & \text { Notes Payable } & 4,000 \\\text { Owner's Capital, } & & \text { Land } & 7,000 \\\quad \text { December 31, 2009 } & 28,000 & \text { Owner's Capital, } & \\\text { Accounts Receivable } & ? & \text { December 31, 2010 } & ?\\\text { Rent Expense } & 6,000 & & \\\text { Commissions Earned } & 30,000 & &\end{array}$

Identify the strategies used by media companies to increase profitability, such as cost reduction and product placement.

Analyze the effects of technological advances on media access and content diversity.

Evaluate the significance of audience metrics in decisions about media content continuation or cancelation.

Grasp how corporate control of media can influence public perception and the variety of available content.

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Definitions:

Negative Performance Norms

Established patterns of behavior within a group that accept or encourage poor performance or dysfunctional activities.

Team Cohesiveness

Describes the extent to which team members are connected with each other and are motivated to achieve the group’s objectives collectively, enhancing performance and satisfaction.

Positive Performance Norms

Established standards or expectations within a group that encourage productive and beneficial behaviors among its members.

Team Productivity

The efficiency and effectiveness with which a team is able to accomplish its goals and produce desired outcomes.