The Total Assets and the Total Liabilities of a Business

question 115

Essay

The total assets and the total liabilities of a business at the beginning and at the end of the year appear below.During the year,the company paid $55,000 in cash dividends and issued an additional $33,000 of capital stock.
$\begin{array}{llll} & \text { Asssets } & \text { Liabilities } \\\text { Beginning of year }& \$ 305,000 & \$ 200,000 \\\text { End of year } & 365,000 & 230,000\end{array}$
Calculate the net income for the year.

Understand the organizational variables that complement specific managerial strategies.

Comprehend the importance of an effective organizational structure in reducing uncertainty.

Know the characteristics common in organizations with a classical managerial strategy.

Understand the contextual variables in selecting managerial strategies.

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Definitions:

Empirically Tested

Subjected to systematic and objective validation or verification through observation or experiment.

Complacency

A state of self-satisfaction, often accompanied by unawareness of actual dangers or deficiencies.

Job Performance

Job performance comprises the behaviors employees engage in that are relevant to the organization's goals and that can be measured in terms of each individual's effectiveness.

Entrepreneurship

The act of creating, designing, launching, and running a new business, often characterized by innovation and risk-taking.