Answer:
Explanation:
Given that
Beginning of month supplies purchased for $1,000
And, the supplies used = $300
So, The adjusting entry is as follows
1. Supplies expense A/c Dr $700
To supplies A/c $700
(Being supplies expense is recorded)
The supplies expense is computed by
= Supplies balance - supplies used
= $1,000 - $300
= $700
<u>Full question:</u>
Bridgette wants to start a corporation. She is looking for a state in which to incorporate. If she incorporates in the state with laws that favor corporate management, where many corporations have incorporated, she will select:
a. Florida.
b. Delaware.
c. Michigan.
d. Colorado.
<u>Answer:</u>
If she incorporates in the state with laws that favor corporate management, where many corporations have incorporated, she will select: Delaware
<u>Explanation:</u>
When deciding to begin a business one is expected to accept a pattern of a business unit. Delaware is where several businesses have consolidated. The state of Delaware favors the administration of companies because of their favorable tax rules, as a consequence dragging many businesses to consolidate there. In this state, one can operate a business and experience tax benefits even he or she does not live there.
The state also contributes to powerful business privacy. Unlike other states, business issues are controlled by specific judges and not judges as done in other states. The state is also favored for its adjustable rules on corporation management as the council and representatives may wish not to live in the state.
Answer:
an engraving service for pen owners who may wish to will their pens to loved one.
Bic is a large publicly traded company with significant financial resources.
Explanation:
Mont Blanc uses differentiation strategy to address to consumer social and emotional needs. The best strategy will be to provide pen with name or a special message engraved in the pen according to the consumer needs. This will focus on consumer social needs and pen owners will love to will their pens to their loved ones.
Bic is large publicly traded company which has significant financial resources available to it. Bic will not wish to compete with Mont Blanc as it will require financial resources to capture its target market. Bic pens are cheaper and consumers are attracted to it because of its low price and ease in availability.
