The Leader-Member Exchange (LMX) model of leadership is based on the premise that:
a. leadership is a relationship between leaders and each follower
b. leadership is an exchange process
c. leaders and followers must develop a relationship
d. leadership is a group phenomenon
a;
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George Washburn had earnings from his salary of $34,000, interest on savings of $800, a contribution to an individual retirement account of $1,500, and dividends from mutual funds of $600. George's adjusted income (AGI) would be
A) $33,900. B) $34,000. C) $34,600. D) $34,800. E) $35,400.
Given the following year-end balances, prepare a classified balance sheet for Briggs Manufacturing dated December 31, 2012. (Hint: Compute net income first.)
Interest Expense $ 2,000 Beginning Retained Earnings 13,100 Depreciation Expense 5,200 Cash 26,900 Accounts Payable 3,300 Rent Expense 7,200 Accumulated Depreciation, Equipment 13,500 Wage Expense 59,200 Prepaid Rent 1,400 Paid-in Capital 9,000 Accounts Receivable 13,600 Wages Payable 3,200 Equipment 63,000 Sales 249,600 Inventory 14,400 Long-term Note Payable 20,000 Income tax Expense 24,500 Dividends Declared 21,000 Cost of Goods Sold 94,300 Dividends Payable 21,000