Answer:
Rent expense debit and credit prepaid rent
Explanation:
Prepaid expense refers to those expenses that have been paid in advance before they are accrued. Some examples prepaid expenses are prepaid rent and prepaid insurance.
Prepaid expenses are debited and cash is credited at the time expenses are paid in advance. At the end of the year, adjustment entry is made when the expense expires. Following is the adjustment entry made at the end of the year:
Date Particulars Debit($) Credit($)
December Rent expense 45,600
31'2017 Prepaid expenses 45,600
(To record expired prepaid
rent)
Hello
George retired from a local law firm and then volunteered to oversee a nonprofits legal records. George is performing the duties of a corporate secretary
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Answer:
c. integrated cost leadership/differentiation is the correct answer.
Explanation:
These all are the characteristics of integrated cost leadership/differentiation business-level strategy because integrated cost leadership/differentiation is a strategy at the business level to developing competitive benefits of goods and products that are sold at low prices in the market.
This strategy is adopted by many businesses to attract consumers that help to reach business purposes.
The advantages of an integrated cost leadership/differentiation strategy are:
- It provides advantages to the team and business.
- It raises the team market share.
- It raises the sustainability of the company.
- It decreases the competition from the business place.
Hey You! Here's The Answer:
They are willing to pay more for the convenience of the Starbucks' location.
