Trade credit. or credit card where there is a specified deadline for the payment to be made for the item bought on credit
Answer:
b. increase expenses by $12,900
Explanation:
The final balance of Store Supplies were 19,350, but the actual year-end store supplies inventory were 6,450. That means that from all purchase 12,900 (19,350 – 6450) were used during the accountable year, therefore, those were expenses that should be recognized.
The adjusting entry is: Debit supplies expense for 12,900 and credit supplies for an equal amount.
Based on the information given, the type of influence tactic was he utilizing is known as the inspirational appeals.
Inspirational appeal is a tactic that is used in stimulating the values and ideals of a group of people. Inspirational appeal is simply used to evoke emotions and arouse the enthusiasm of the people.
Since CEO Neumann seemed to believe that he had extraordinary abilities to accomplish the impossible, he is trying to inspire others and evoke their emotions, therefore, he's using inspirational appeals.
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Answer:
both parties benefited from this voluntary, non-fraudulent exchange.
Explanation: