What are the effects on the accounting equation from the adjusting entry for interest expense accrued, but not paid, at the end of the accounting period?

Answers

Answer 1

The adjusting entry for interest expense accrued but unpaid at the end of the accounting period will have the following impact on the accounting equation: Both total liabilities and total shareholder equity will decrease.

The amount that a company's owners have put into their enterprise is known as shareholders' equity. This covers the funds they have personally invested as well as the total amount of earnings that have been reinvested by the business since its beginning.

What is a good illustration of shareholder equity?

The difference between the entire assets and the total liabilities, as calculated by this method, is the shareholders' equity. For instance, the shareholders' equity of a corporation is $40,000 if its total assets are $80,000 and its total liabilities are $40,000.

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Related Questions

To say that economists use the scientific method means that they are using ___________.

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To say that economists use the scientific method means that they are using a continual effort to construct models of the world, which are subsequently put through their paces in terms of testing and evaluation.

This is further explained below.

What are economists?

Generally, Collecting and analyzing data, conducting research on trends, and assessing economic concerns are the primary methods used by economists in their study of the production and distribution of resources, products, and services.

There are three primary categories of economists, including academic economists, economists working in the public sector, and economists working in the commercial sector.

In conclusion, When we say that economists apply the scientific method, we imply that they make an ongoing effort to develop models of the world, which are then subjected to rigorous scrutiny in the form of testing and analysis.

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Why does demand not change when the price of a good changes with no change in the other influences on buying plans?

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Due to the fact that demand contains different prices and different quantities, demand (the table or the graph) does not change when the price changes.

Why an increase in the price of a good does not change the demand for the good?

Demand is not determined by price, hence a change in price does not result in a change in demand. Ceteris paribus, the quantity demanded will shift, and the demand curve will move, if the price of new cars varies. A shift in the price of a good or service does not modify the demand curve; rather, it causes movement along a particular demand curve and often results in some change in the quantity sought. The left-hand graph lists potential demand-increasing circumstances.

Due to the fact that demand contains different prices and different quantities, demand (the table or the graph) does not change when the price changes. Demand does not determine how much we purchase. Note that the ceteris paribus premise is part of our definition of demand. Only the price and quantity desired vary when we create a demand curve.

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The total of the stockholders' rights or claims to the assets of a corporation is called?

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The total of the stockholders' rights or claims to the assets of a corporation is called total stockholders' equity.

What is meant by Stockholders' equity?

The quantity of shareholders' equity, also referred to as shareholders' equity, is shown on a company's balance sheet as the difference between its assets and liabilities.

Stockholders' equity typically consists of the proceeds from the sale of the company's common and preferred stock, plus the company's earnings less any payments to stockholders. In other words, one source of the corporation's assets is stockholders' equity. (The corporation's creditors, as shown by its liabilities, are the other source.)

Equity held by shareholders as well as liabilities are considered as claims to the assets of the company. The claim by the stockholders, however, is made after the liabilities have been settled.

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Some top-level domains are based on the country in which the registering organization is based. True or false

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This statement is True.

True, Some top-level domains are determined by the nation in which the registration entity is headquartered.

What is a domain name?

On the Internet, a domain name is a word or phrase that identifies a sphere of administrative control, power, or independence. Domain names are used in a variety of networking scenarios for application-specific naming and addressing. A domain name often refers to an Internet Protocol (IP) resource or a network domain, such as a server computer or a personal computer that accesses the Internet. Domain names are widely used to distinguish Internet-based services like websites and email providers. 330.6 million domain names were registered in 2017.

How domain names are generated is governed by the policies and processes of the Domain Name System (DNS). Any name that appears in the DNS is considered a domain name.

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An economy of underproduction among certain hunter-gatherer societies is sustainable because?

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An economy of underproduction among certain hunter-gatherer societies is sustainable because the social network of alliances created through reciprocal exchange provides the social surplus (or safety net) necessary to avoid economic failure.

What does the "Stop The Spread" initiative mean?

A worldwide initiative called "Stop The Spread" tries to educate people about the dangers of COVID-19 misinformation and urges them to confirm any information with reputable organizations like the WHO and local health departments.

Africa, Asia, Europe, the Middle East, and Latin America are just a few of the continents where WHO is pushing this program. The campaign is in support of WHO's efforts to combat the infodemic of misleading information about COVID-19 and dispel myths about the disease's transmission, diagnosis, and treatment.

Which states are a part of the COVID-NET initiative?

99 counties across the 14 states that take part in the Influenza Hospitalization Surveillance Project (IHSP) and the Emerging Infections Program (EIP) make up COVID-NET (IHSP).

The following states are among those that are taking part: California, Colorado, Connecticut, Georgia, Iowa, Maryland, Michigan, Minnesota, New Mexico, New York, Ohio, Oregon, Tennessee, and Utah.

The population of the United States is roughly 10% covered by COVID-NET. All 10 of Health and Human Services' (HHS) areas are represented by the counties covered.

How should I clean the building and equipment to stop the spread of COVID-19?

Current Good Manufacturing Practices (CGMPs) must be followed by all food producers who are subject to FDA regulation, and many of them have food safety plans that include a risks analysis and risk-based preventive actions.

What have the COVID-19 Economic Injury Disaster Loan program's recent revisions been?

Important adjustments announced included: COVID EIDL Cap has been raised. The COVID EIDL cap was increased by the SBA from $500,000 to $2 million. Any typical running costs and working capital, such as hiring staff, investing in equipment, and paying off debt, may be covered by loan funds.

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Custom creations furniture company manufactures furniture at its akron, ohio, factory. some of its costs from the past year include?

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Custom creations furniture company manufactures furniture at its akron, ohio, factory. some of its costs from the past year include Manufacturing overhead costs $261,800  

What is Akron, Ohio's primary industry?

The City of Akron's top employers are a varied array of healthcare, banking, utility, manufacturing, and distribution businesses. These larger companies exhibit the kind of corporate citizenship that would be the pride of any community, whether it be in the fields of finance, medicine, or hospital services.

What is the renown of Akron, Ohio?

The World Championship - Bridgestone Invitational golf event, the All-American Soap Box Derby, AA, oatmeal, artificial fishing lures, and Stan Hywet Hall, one of America's best Tudor Revival structures, are all found in Akron.

Is Akron, Ohio, still known as the world's rubber capital?

The "Rubber Capital of the World" was Akron, Ohio, which was home to numerous rubber businesses. The B.F. Goodrich Company, the Goodyear Tire and Rubber Company, and the Firestone Tire and Rubber Company were a few of the major rubber manufacturers with operations in the region.

What's life like in Akron, Ohio?

Low crime rates and a small-town atmosphere characterize it. Additionally, it features a business sector, a community center, a library, and parks. The wealthiest area is Northwest Akron, namely Fairlawn Heights. Large lots for single-family homes are available, and the surrounding countryside is stunning.

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When recording an adjustment for the cost of using equipment during the current accounting period, which two accounts are affected?

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Accumulated Depreciation and Depreciation Expense are the two accounts impacted by the recording of an adjustment for the cost of utilizing equipment during the current accounting period.

A single asset's accumulated depreciation is the total amount of depreciation expense attributed to the asset since it was first used. It is a contra-asset account, which means that it is a negative asset account that reduces the balance of the asset account it is often linked to.

Contrary to a typical asset account, a contra-asset account sees an increase in value upon a credit and a drop with a debit. The same amount that is credited to the cumulative accumulated depreciation whenever a depreciation expense is reported for an organization enables that corporation to show both the asset's cost and its total depreciation as of the current date. Additionally, the balance sheet displays the asset's net book value.

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During the year, pizza company, inc. had $100,000 in revenues, $40,000 in expenses, and paid $3,000 in dividends. net income equals ______.

Answers

Answer:

Explanation:

$60,000

What are the minimum maintenance margins for stock positions in long and short margin accounts?
a. 50 / 50
b. 50 / 25
c. 50 / 30
d. 25 / 30

Answers

The correct answer is (d) 25/30.

Additionally, a minimum maintenance margin of 30% for short positions and 25% for long bets is needed. If they so desire, the exchanges or brokerages may impose tougher restrictions (also known as house margin requirements) than those imposed by the Federal Reserve.

How do we define Maintenance Margin?

Maintenance margin, which is presently fixed at 25% of the entire value of the securities in a margin account as per the regulations of the Financial Industry Regulatory Authority (FINRA), is the minimal equity that an investor must retain in the margin account after the purchase has been made.

Who determines the necessary minimal maintenance margins?

The government regulates the minimum margin requirements for leveraged accounts. The maintenance margin is currently fixed by the Financial Industry Regulatory Authority (FINRA) at 25% of the entire value of the securities that a trader keeps in their margin account.

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At least 70% out of 10 employers have ruled candidates out based on their online presence.
a. college grades
b. wek cover letter
c. online presence
d. lack of volunteer service

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At least 70% out of 10 employers have ruled candidates out based on their online presence online presence.

What proportion of employers have rejected a candidate because of information they read online about them?

A poll found that a whopping 70% of companies "use social media to analyze prospects before hiring." The following figure is even more startling: 54% of employers polled stated that they decided not to hire a candidate as a result of information obtained on their social media presence (s).

How many employers are hesitant to interview applicants who don't have a presence online?

Your professional prospects may suffer if you don't use social networking. Results from annual social media recruitment poll show that 35% of companies are less willing to interview candidates they can't find online.

What proportion of employers currently screen candidates online and evaluate their qualifications and fit?

Seven percent intend to begin, while 70% of companies currently use social networking sites to study potential hires. This review is important: 57 percent of people who conduct social research have come across information that led them to reject applicants.

What proportion of employers conduct online candidate research?

Nowadays, the majority of employers also look up potential applicants online. According to the poll, 98% of employers use online background checks on applicants to learn more about them. Go-ogle is used by about 43% of HR professionals to research potential employees.

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Workers who lose their jobs because the skill set they possess is no longer required in the economy are considered to be:_______

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Workers who lose their jobs because the skill set they possess is no longer required in the economy are considered to be "Structurally unemployment"

What is Economy?
An economy is a region where products and services are produced, distributed, traded, and consumed. A given economy is a set of processes that involve its culture, values, education, technological evolution, history, social organisation, political structure, legal systems, and natural resources as main factors. It is generally defined as a social domain that emphasises the practises, discourses, and material expressions associated with the production, use, and management of scarce resources. These elements determine the parameters and conditions under which an economy operates in addition to providing background and content. In other words, the economic realm is a social domain made up of connected human behaviours and exchanges that cannot exist independently.

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Decisions about how to manage the policies and decision rules related to inventory levels are considered:______

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Decisions about how to manage the policies and decision rules related to inventory levels are considered Infrastructural decisions.

Decisions about how to manage the policies of a company involves various dimensions. It covers all aspects of a companies’ activities, from production decisions, to recruitment processes, to financial decisions, and marketing strategies.

One categorization of these decisions rules are formulated in terms of structural decisions and infrastructural decisions. Structural decisions are the major decisions that shape the way particular operations are executed. These decisions concern facilities, technology, and integration.

Infrastructural decisions relate to the policies and decisions that concern the inventory levels. They may be concerned with quality management systems, production planning, and development of new services and processes.

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Baltimore company's complete assets and liabilities are accounts receivable $2,350, equipment $9,000, accounts payable $6,500, prepaid rent $2,450, supplies $725, bank loan $4,150, and tools $485. baltimore's total equity is: (all account balances are normal

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The total equity of Baltimore is: $4,360

Total Equity: Total equity is the value that remains in the business after total liabilities are subtracted from total assets. Equilibrium is calculated as Equity = Assets - Liabilities.

GIVEN:

Accounts receivable: $2,350

Equipment: $9,000

Accounts Payable: $6,500

Prepaid Rent: $2,450

Supplies: $725

Bank Loan: $4,150

Tools: $485

According to Accounting Equation:

Total Assets = Equity+Liabilities

which implies,

Total Equity= Total Assets-Liabilities

Total Equity= (2,350+9,000+2,450+725+485)-(6,500+4,150)

Total Equity= 15,010-10,650

Total Equity= $4,360

So, the total equity of Baltimore is: $4,360

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Although humans made stone tools for 200,000 years the most sophisticated form and last complete stone tool kit is the ________, represented by: the awl, atlatl and bow & arrow.

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Although humans made stone tools for 200,000 years the most sophisticated form and last complete stone tool kit is the crude stone tools represented by: the awl, atlatl and bow & arrow.

What were crude stone tool?

Any tool that is partially or totally fashioned out of stone is considered a stone tool in the broadest definition. Even if there are still societies and cultures that rely on stone tools, most of them are related to extinct prehistoric (especially Stone Age) cultures.

Archaeologists frequently research these prehistoric societies, and the examination of stone tools is known as lithic analysis. To deepen our understanding of the cultural ramifications of stone tool use and production, ethnoarchaeology has been a useful research field.

Arrowheads, spearheads, hand axes, and querns are just a few examples of the numerous tools made from stone throughout history. Stone can be ground into tools or it can be shaped by a flintknapper into knapped implements.

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What accounting concept justifies the usage of depreciation and amortization policies?

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Depreciation and amortization policies are appropriate when using the going concern assumption accounting concept.

What Is the Issue?

A corporation is referred to as a "going concern" in accounting when it has the financial capacity to carry on doing so until it can show otherwise. This phrase also describes a business's capacity to generate enough revenue to stay in business or avoid going out of business. A company that is not a going concern has filed for bankruptcy and had its assets sold. For instance, following the tech bust in the late 1990s, many dot-coms are no longer operating as going concerns.

What the going concern principle means

Business operations for accumulated or prepaid expenses would be impossible without it. The going concern principle enables a business to postpone the recognition of some of its prepaid expenses to later accounting periods rather than all of them at once.

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The dividend discount model asserts that the value of a share of stock today is determined by:____

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The dividend discount model asserts that the value of a share of stock today is determined by the present value sold out.

The Dividend Discount Model (DDM) could be a quantitative method of valuing a company's stock price supported the idea that this justifiable share price is up to the sum of all the company's future and  dividends discounted are back to their present value. Breaking down the dividend discount model. It states that the worth of a stock today is set by this value of all expected future dividends paid by the stock. to see the sustainable rate of growth of the corporate.

Formula Dividend Discount Model = Intrinsic Value = Sum of Present Value of Dividends + Present Value of Share Price. This dividend discount model or DDM model price is that the intrinsic value of the stock. If the stock doesn't pay any dividends, then the expected future income are the asking price of the stock.

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__________ shows the number of units the market will buy in a given time period, at different prices that might be charged.

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(B) A demand curve shows the number of units the market will buy in a given time period, at different prices that might be changed.

What is a demand curve?A demand curve is a graph in economics that depicts the relationship between the price of a commodity (the y-axis) and the quantity of that commodity that is demanded at that price (the x-axis). A demand curve depicts the number of units that the market will purchase in a given time period at various prices that may change. Demand curves can be used to model the price-quantity relationship for a single consumer (an individual demand curve) or for all consumers in a given market (a market demand curve) (a market demand curve).Demand curves are generally assumed to slope downward, as illustrated in the adjacent image. This is due to the law of demand, which states that when the price of good rises, the quantity demanded decreases.

Therefore, (B) a demand curve shows the number of units the market will buy in a given time period, at different prices that might be changed.

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The complete question is given below;
__________ shows the number of units the market will buy in a given time period, at different prices that might be changed.

a) target costing

b) a demand curve

c) price elasticity

d) total cost

b) a demand curve

If the internet makes it easier for sellers to find buyers and makes it easier for buyers to learn about the products that are available for sale, we would expect that:_________

Answers

If the internet makes it easier for sellers to find buyers and makes it easier for buyers to learn about the products that are available for sale, we would expect that the benefits of trade will rise.

How internet has helped buyers?Everything is more convenient for the buyer when they have access to the internet. They have the freedom to read and think at their own pace. Customers are discovering a variety of methods to interact with brands and explore their goods and services because to the internet's nearly universal accessibility on a wide range of devices.Prospects are now better informed, so sales representatives who can move rapidly can turn leads over more quickly. Organizing sales teams has become simpler thanks to technology. CRM systems simplify the sales process and enable information sharing among teams, building a stronger team and ultimately increasing sales.

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How much of the food that you eat is unprocessed, unpackaged or locally grown? in michigan

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Think vegetables, cereals, legumes, fruits, nuts, meats, seafood, herbs, spices, garlic, eggs, and milk while imagining unprocessed or minimally processed cuisine. Lay the foundation of your diet on these real, natural foods.

Magnesium and heart-healthy fats are only two of the heart-healthy minerals and antioxidants that are abundant in real food. Inflammation, which is one of the main causes of heart disease, may be reduced by eating a diet high in nutrient-dense, unprocessed foods. This analysis looks at the value of Michigan's agricultural food products from the farm through processing, retailing, and to the consumer.

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The linked set of activities required to design, produce, and deliver products and provide aftermarket service to customers is called the:_____.

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The linked set of activities required to design, produce, and deliver products and provide aftermarket service to customers is called the value chain

This is further explained below.

What is aftermarket service?

Generally, For LM Products, aftermarket services often refer to the supply of spare parts, upkeep, and repair services.

After an original equipment manufacturer (OEM) sells a car to a customer, all vehicle parts, chemicals, equipment, and accessories are manufactured, remanufactured, distributed, retailed, and installed in the automotive aftermarket, which is the secondary market of the automotive industry.

In conclusion, The value chain refers to the interconnected series of operations that are necessary to develop, manufacture, and distribute goods as well as offer aftermarket care to clients.

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What factors have caused the current interest in, and attention to, strategic purchasing and supply planning?

Answers

Survival, the most fundamental necessity of every firm, is what is presently focusing attention on strategic purchasing and supply planning.

There are many different ways that growth may show itself. For instance, growth might be gauged by an organization's assets, operating units, or even the number of nations in which it conducts business.

These purchasing strategies are crucial for the development and expansion of the firm since they explicitly state the goals and objectives in the appropriate qualities.

It also measures it using the outcomes that have been achieved, taking into account both internal and external elements that have an impact on the company.

The following are some components of the Purchase strategy:

Clear ObjectiveEvaluateable GoalsDevelopment PlanEvaluative PlansClear Objective

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The ______ of a business, agency, household, or another economics unit involves the acquisition and use of financial resources and the protection of equity capital from various sources of risk.

Answers

The answer is :- financial management.

The financial management of a business, agency, household, or another economics unit involves the acquisition and use of financial resources and the protection of equity capital from various sources of risk.

What Is Home Equity?

Home equity is the worth of a homeowner's financial stake in their house. In other words, it is the actual property's current market worth less any debts that are affixed to it.

As more mortgage payments are made over time and market forces affect the property's current value, the amount of equity in a home varies.

Home equity can refer to more than just a paid-off mortgage loan. Homeowners can borrow against this asset to cover crucial expenses like paying off high-interest debt or covering college costs. Due to the fact that borrowing against home equity is secured by equity, interest rates are frequently lower than those for credit cards and personal loans.

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Trinh quits his $80,000-a-year job to become a full-time volunteer at a museum. what is the opportunity cost of his decision?

Answers

Trinh quits his $80,000-a-year job to become a full-time volunteer at a museum. The opportunity cost of his decision is at least $80,000.

Now he is not getting the 80k dollar because he is volunteering for an unpaid museum job. Therefore, he had an opportunity to not do the museum job and instead do a $80,000 job which he didn't do and his opportunity to make 80k has been lost.

What is opportunity cost?

The price you pay when you choose between two or more possibilities is known as the opportunity cost. Regardless of what you stand to lose by making the decision, you believe it will benefit you more in the long run. Due to opportunity cost, any investment you make will either result in immediate losses or returns in the future.

Think about the decision of whether to sell stock shares right away or to hold onto them for a future sale. While it is true that an investor may secure any immediate advantages they may have by selling right away, they would forfeit any future gains the investment might have provided.

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The final step in recognizing the completion of production requires a company to?

Answers

'The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.

Production is the process of making or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to create outputs suitable for consumption, i.e. goods or products of value to the end-user or customer.

Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.

The economist classifies the factors of production into his four categories: land, labor, capital and entrepreneurship. The first element of production is land, which includes all natural resources used to produce goods and services.

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Barney owns a lot valued at $84,000. he purchases an adjoining lot for $66,000 and merges the two properties. the current appraised value of the newly formed lot is $177,500. this is an example of:_____.

Answers

The freshly developed lot currently has a $177,500 appraised value. as an illustration: plottage

The required details for plottage in given paragraph

Plottage is the increase in value obtained by joining two or more neighboring pieces of land into one bigger tract. Assemblage describes the procedure of bringing the parcels together. In most cases, the total value of a parcel will be more than the sum of its smaller parts.

What does plottage increment mean?

The value added by fusing the lots is referred to as plottage increment. As an illustration, Steve is the owner of two adjacent plots. It costs $40,000 for each one. The overall valuation has increased by $10,000 and is now $90,000 when consolidated into a single property.

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True or false: a transaction can cause one asset to increase and different asset to decrease and still have the accounting equation balance.

Answers

A transaction can cause one asset to increase and a different asset to decrease and still have the accounting equation balance. True, the given statement is correct.

A=L+SE does not require transactions to cross the equal sign. It is possible to swap one asset for another while keeping the balance. Total assets, total liabilities, and stockholders' equity all stay the same.

What is an accounting equation?

The accounting equation is a cornerstone of balance sheet construction and a fundamental accounting principle. The formula reads as follows:

Assets equal liabilities plus stockholder equity.

The structure of the balance sheet is highlighted by this equation, which also lays the groundwork for double-entry accounting, also known as double-entry bookkeeping. Every transaction has an impact on at least two accounts in a double-entry accounting system.

To keep the accounting equation balanced, a rise in an asset account, for instance, could be matched by an equivalent increase in a related liability or shareholder equity account. Alternatively, a decline in one asset account can be matched by a corresponding rise in another. When performing journal entries, it's crucial to remember the accounting equation.

Thus, the Accounting equation involves Assets and Liabilities.

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During the year, a company had $100,000 in revenues, $40,000 in expenses, and paid $3,000 in dividends. the net of these items caused total stockholders' equity to ______.

Answers

The net of these items caused total stockholders' equity to increase by 57,000

100,000-40,000-3000= 57000

Revenues - expenses - dividends paid = stockholders equity

100,000-40,000-3000= 57000

The amount of assets still accessible to shareholders after all obligations have been satisfied is known as shareholders' equity, sometimes known as shareholders' or owners' equity. It can be computed as the sum of a company's share capital and retained earnings less treasury shares or alternatively as the firm's total assets less total liabilities. Common stock, paid-in capital, retained earnings, and treasury stock are all examples of stockholders' equity.

Conceptually, stockholders' equity can be used to evaluate the funds kept within a company. If this number is negative, it can be a sign that the company is about to file for bankruptcy, especially if there is also a sizable debt obligation.

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There are a number of different stock markets; however, the two leaders are the new york stock exchange, which is a(n) -select- exchange, and the nasdaq, which is a(n) _______ market.

Answers

Although there are many distinct stock markets, the New York Stock Exchange, a select-exchange, and the Nasdaq, a screen-based market, are the two most prominent.

What is a stock market?

A network of exchanges where shares of publicly traded firms are issued, purchased, and sold is known as the stock market, or equity market. Its purpose is to let individual investors acquire stock in listed firms while also giving the companies themselves money to reinvest in their operations. The London Stock Exchange (LSE) and the New York Stock Exchange, for example, are two stock exchanges that make up the global equities market (NYSE). To trade a company's shares on an exchange, you must employ a broker since exchanges have rules about who can purchase and sell shares directly on their books.

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Wu company incurred $131,200 of fixed cost and $147,600 of variable cost when 3,600 units of product were made and sold. if the company's volume doubles, the total cost per unit will:__________

Answers

The total cost per unit will decrease.

The total cost per unit will be decreased when more number of units are produced.

Firstly ,we calculate fixed cost per unit.

Fixed cost per unit = Fixed cost / New sales produced.

Cost per unit when company has 3600unit of sales= 14700$/3600= 41$cost per unit.

If the company, doubles his sales then the cost per unit is calculated as Fixed cost/ No.of sales

Cost per unit = 131,200$/ 7200

= 18.22$ cost per unit.

So, the total cost per unit is calculated as 42.00$+ 18.22$= 59.22$.

Fixed costs are independent of output, therefore regardless of shifts in production volume, the dollar amount incurred is roughly constant. The recurring occurrence of a company's fixed costs results in a predetermined timetable and dollar amount associated with each cost.

Fixed costs are far more predictable and simpler to prepare for in advance because they must be met regardless of how well sales perform and how much is produced. There is little to no link between production output and total fixed costs, in contrast to variable costs, which fluctuate based on output.

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A strong brand can be an exceptionally powerful resource for competitive advantage by lowering ________, proxying _____ and inspiring _____.

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A strong brand can be an exceptionally powerful resource for competitive advantage by lowering search costs, proxying quality and inspiring trust.

What is mean by Brand?A brand is any attribute that identifies one seller's product or service from that of other sellers, such a name, word, design, symbol, or other feature.Brand acceptance is the degree to which a brand is extensively used by the general public can be referred to as its popularity.Operationally, it is frequently described as a product's market share. The process of giving your company a unique identity in the eyes of your target market and customers is known as branding. A company's logo, visual design, objective, and tone of voice make up its branding at its most basic level.

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