Answer:
$260,000
Explanation:
Ending Balance of Supplies = $66,000
Beginning balance of Supplies = $66,000 - $10,000 = $56,000
Ending Balance of Supplies = Beginning balance of Supplies + Purchases for the period - Expense in the period
$66,000 = $56,00 + $270,00 - Expense in the period
Expense in the period = $260,000
The adjusting entry to supplies expense was $260,000.
Answer:
d. a mechanic's lien.
Explanation:
Based on the information provided within the question it can be said that in this case LaRonda may seek a mechanic's lien. This term is a security interest that provides benefit to those that have undergone labor or purchased materials in order to renovate or improve upon the property. Which is what LaRonda did, and can therefore seek a mechanic's lien in order to get paid.
Answer:
A
Explanation:
A differentiation strategy entails making ones product different from that of other firms in the industry. This would enable the firm that has a differentiated product sell at a premium. The aim of this strategy is to have a competitive advantage
Advantages of a differentiation strategy
- products are unique. This reduces the competition the product faces with other products in the industry
- it increases brand loyalty
When a government's expenditures on goods, services, or transfer payments exceed their tax revenue, the government has run a budget deficit. Governments borrow money to pay for budget deficits.
<h3>What is budget deficit ?</h3>
An overrun in spending over income results in a budget deficit, which can be a sign of a nation's financial stability. The phrase is frequently used to describe government spending rather than that of companies or people.
An annual financial statement of the government's proposed revenues and expenditures is known as a budget. The overall gap between government revenues and expenditures is known as the government budget balance, also known as the general government balance, public budget balance, or public fiscal balance.
A government budget deficit is denoted by a negative balance, and a surplus is denoted by a positive balance. For each level of government, a budget is created that accounts for public social security commitments.
The primary balance and interest payments on the total amount of accumulated government debt make up the government budget balance; the two together determine the budget balance.
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