Answer:
$2700 supplies in hand
$3600 Supplies expense
Explanation:
As you can see in question data Sheldon has already counted the supplies in hand so, we only have to calculate supplies expense by doing some minor workings
WORKINGS
Supplies Expense = Opening + purchases - payment made
Supplies Expense = $1600 + $4700 - $2500
Supplies Expense = $3600
Answer:
The risks of a penetration pricing policy is that you may lose money and never see a return on it. A benefit of the penetration pricing policy is that most the time you will pull people in with the low prices and most the time you will make back the money you invested.
Explanation:
Hopefully that helps!
<span>High Shore Inc. adopts a new technology purely out of social pressure. In this case, High Shore Inc. would be classified as part of the early group of adopters of new technology. Those that adopt a new technology early on, typically tend to be more profitable but also more critical. Though the adaptation came from social pressure, High Shore Inc. still has expectations that the technology needs to meet to maintain their companies growing needs. </span>
<u>Explanation:</u>
Classified balance sheet presents information about assets,liabilities and shareholder's equity of an entity.Order in which they are presented is as follows"
- Current assets-it includes cash and cash equivalents like prepaid expenses,inventories,assets held for sale.
- Long term investments-it includes investment made in other companies
- Property,plant and equipment-it includes all the fixed assets.
- Intangible assets-it includes assets which cannot be touched like goodwill.
- Current liabilities-it includes trade and other payables, accrued expenses,liabilities held for sale
- Long term liabilities-It includes long term loans,Deferred tax liabilities.
- Stockholder's equity-It includes share capital.additional paid up capital,retained earnings.
