1. Mario owns a boutique furniture store for which Clinton is a long time supplier of pillows and decorative items. Because of repeated years of negotiations over prices, delivery dates, and products, Mario and Clinton have formed a mutually beneficial relationship. Please discuss some other outcomes of repeated negotiations.2. What is work specialization? Discuss its advantages and drawbacks. Describe the characteristics, advantages, and disadvantages of a virtual organization.ReferenceRobbins, S. & Judge T. (2018). Essentials of Organizational Behavior. 14th Boston, MA: Pearson. ISBN 13: 978-0-13-452385-9.

Module 2 Critical Thinking Assignment: Understanding Financial Statements, Cash Flows and Taxes *Complete the problems in an Excel spreadsheet. Be sure to show your work to receive credit; no hard keys. Problem 2-1: Preparing Financial Statements Information below is for Warner Manufacturing, Inc. for the year ended December 31, 20x1 except where beginning of year numbers indicated. All amounts in SAR unless otherwise stated. Using the information below: 1. Prepare an income statement with the proper title 2. Prepare end of year balance sheet with the proper title 3. Calculate net working capital 4. Calculate the debt ratio *Complete the problems in an Excel spreadsheet. Be sure to show your work to receive credit; no hard keys. DATA Depreciation expense 66,000 Cash 220,000 Long-Term Debt 330,000 Net Sales 615,000 Accounts payable 102,000 Marketing and general and administrative expenses 79,000 Buildings and Equipment 895,000 Notes payable 7,5000 Accounts receivable 156,000 Interest expense 4,750 Accrued expenses 7,900 Common Stock 289,000 Cost of Goods sold 297,000 Inventory 99,300 Taxes 67,300 Accumulated Depreciation -26,3000 Prepaid expenses 14,500 Taxes payable 55,000 Retained earnings 262,900 Problem 2-2 Preparing Statement of Cash Flows Given the following information, prepare a statement of cash flows. DATA Increase in accounts receivable 30 Increase in inventories 30 Operating Income 95 Interest Expense 30 Increase in accounts payable 25 Dividends 15 Increase in common stock 20 Increase in net fixed assets 23 Depreciation Expense 12 Income taxes 17 Beginning cash 20 Assume all amounts are in 000's SAR.

Journal 21You will have 2 options with this chapter's online journal. Refer to the back of chapter 21 for these Beyond the Number (BTN) cases. Option #1: BTN 21-4. Complete the required exercises. - Several important assumptions underlie CVP analysis. Assumptions often help simplify and focus our analysis of sales and costs. A common application of CVP analysis is as a tool to forecast sales, costs, and income.RequiredAssume that you are actively searching for a job. Prepare a half-page report identifying (1) three assumptions relating to your expected revenue (salary) and (2) three assumptions relating to your expected costs for the first year of your new job. Be prepared to discuss your assumptions in class.Option #2: BTN 21-6. Complete the required exercise. Each list of questions must contain at least 5 questions. -A local movie theater owner explains to you that ticket sales on weekends and evenings are strong, but attendance during the weekdays, Monday through Thursday, is poor. The owner proposes to offer a contract to the local grade school to show educational materials at the theater for a set charge per student during school hours. The owner asks your help to prepare a CVP analysis listing the cost and sales projections for the proposal. The owner must propose to the school’s administration a charge per child. At a minimum, the charge per child needs to be sufficient for the theater to break even.RequiredYour team is to prepare two separate lists of questions that enable you to complete a reliable CVP analysis of this situation. One list is to be answered by the school’s administration, the other by the owner of the movie theater.You ONLY need to complete ONE of the two options to receive full credit.Journal 22For this chapter's online journal, read the Ethics Challenge noted on page 988 of your textbook.Ethics Challenge BTN 22-3 Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among not-for-profit organizations and government agencies is for management to spend any amounts remaining in a budget at the end of the budget period, a practice often called “use it or lose it.’’ The view is that if a department manager does not spend the budgeted amount, top management will reduce next year’s budget by the amount not spent. To avoid losing budget dollars, department managers often spend all budgeted amounts regardless of the value added to products or services. All of us pay for the costs associated with this budget system.RequiredWrite a half-page report to a local not-for-profit organization or government agency offering a solution to the “use it or lose it” budgeting problem1. Write a 1/2 page report to a local not-for-profit organization or government agency offering a solution to the "use it or lose it" budgeting problem.2. Will your solution be different if this was a personal budget? Explain your response.3. Do you prepare a personal budget?To receive full credit, you need to answer ALL 3 questions. You must post first before you can see another student's response.