The Accounting Records for Magic Chocolate Castle Contained the Following

question 86

Essay

The accounting records for Magic Chocolate Castle contained the following data for the current year:
$\begin{array}{ll}\text { Sales } & \$ 517,500 \\\text { Cost of goods sold } & 213,800 \\\text { Interest revenue } & 6,500 \\\text { Rent revenue } & 3,600 \\\text { Administrative expense } & 131,300\\\text { Selling expense } & 133,600 \\\text { Interest expense } & 15,400 \\\text { Income tax expense } & 8,100 \\\text { Loss on sale of warehouse } & 6,500\end{array}$ Required:
Prepare both a single-step and a multi-step income statement for Magic for the current year.

Acknowledge the role of open-door policies in facilitating upward communication and addressing employee concerns.

Understand the function and impact of intranet features (e.g., wikis) on internal company communication.

Comprehend the significance of social network analysis in understanding communication flows and relationships within an organization.

Recognize the role of personal interaction skills, such as effectiveness on the phone, in professional communication.