Marietta is the product manager at fireflies ltd., a company that designs and manufactures clothes and fashion accessories. noticing the rising popularity of rhinestone jewelry and the fact that only a handful of stores actually stocked it, she decided to take advantage of the latent demand in the market. marietta knew that she was taking a risk by committing organizational resources to pursuing this idea, but was confident about the merit of her decision. in deciding the allocation of resources for attaining her goals, which managerial task can marietta be said to be performing?

a. leading
b. organizing
c. planning
d. restructuring
e. controlling

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?