Arnold is the director of an advertising firm. Being the MD, he has the potential or capacity to affect the behavior of his subordinates in a fruitful direction as the company requires. However, he fails to exercise this capacity and mostly sticks to important paper work.

In this context, which of the following statements is most likely to be true about Arnold?

a. Arnold holds power, but he fails to influence his subordinates.
b. Arnold has no power to influence.
c. Arnold holds minimal power, but he uses it to influence his subordinates.
d. Arnold has no capacity to influence.

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here.paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method.net cash provided $1,940,000