Answer:
pursued distinct strategic positions
Explanation:
This is most likely because both companies have pursued distinct strategic positions. Meaning that they have both found a specific niche within the restaurant business and decided to fulfill each their own specific niche. This allows them to be part of the same industry while still offerring their customers completely seperate experiences. These unique and very different experiences is what allows both Lil Anthony's and Amelia's business to thrive. If they instead offered their customers the same experience then they would be directly competing against each other and only one would be able to stay in business and they would steal the other's customers.
Answer:
$44
Explanation:
The computation of the accrued interest expense is shown below:
= Face value or Principal × rate of interest × number of days ÷ (total number of days in a year)
= $6,600 × 8% × (30 days ÷ 360 days)
= $44
We assume there are 360 days in a year
And, the 30 days is calculated from December 1 to December 31
This is the answer and same is not mentioned in the given options.
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Answer:
Record internal transactions and events.
Explanation:
The adjusting entries are passed so that the financial statement represents the true and fair view
Plus if any change made of the business transaction during the year the same is to be adjusted by passing the journal entries
The examples of adjusting entries are outstanding expenses, prepaid expenses, etc
Moreover, it records the company events and transaction i,e to be internal
Answer:
Receivables skimming
Explanation:
Account receivable is an account that shows the monies owed to a business by others.
Receivable skimming is the practice where monies that are receivable to a business is being stolen. Since the payments are expected to be returned to the business this type of fraud is discovered when debtor is contacted for repayment. Methods used to conceal this type of fraud include forced balancing, wrong statement, and debiting wrong account.
In this instance a customer of Arizona Medical supply complained several times that its account statements do not reflect all the payments it has made. While examining the accounts receivable activity, Myra noticed a significant rise in the volume of overdue accounts during the last 6 months.
The customer most likely made payments which were stolen and the statement did not show the repayments.