Scenario a use the information given below to answer the questions that follow. your organization uses teams extensively. in your new position as regional manager, you will be responsible for managing several different teams: your team is made up of regional managers who coordinate the work of the employees from their respective regional areas. as with all members of this team, you joined the team when you became a manager. you have been asked to supervise the salary survey team, a temporary team made up of employees from different divisions who have been assigned to study the organization's current salary policies and recommend changes to make the organization more competitive to attract the best candidates. many of your subordinates have also been assigned to the product innovation team, which has been formed to design new products for your organization. each member of the team was selected for his/her technical expertise and knowledge. the salary survey team is an example of a(n)

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)