The J. Godfrey, Capital account has a credit balance of $17,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and withdrawals are $9,000, what is the ending balance in the J. Godfrey, Capital account after all closing entries are made?

A distinguishing feature of the product/service differentiation competitive advantage is _____

a. using inexpensive raw materials b. having a strong brand image c. having low overhead costs d. creating generic products

A prospective buyer wants the seller to include an ornate flagpole attached to the front porch of the house. What should the agent do to ensure the flagpole conveys?

a. nothing, because the pole is attached to the house b. call the seller and advise them the buyer wants the pole c. include the flag pole in the offer to purchase d. photograph the flag pole as evidence of attachment