TRANSACTIONS 1. Performed services for $14,400 on credit.

2. Paid $3,640 in cash for new office chairs.

3. Received $27,600 in cash from credit clients.

4. Paid $1,820 in cash for telephone service.

5. Sent a check for $10,400 in partial payment of the amount due creditors.

6. Paid salaries of $21,160 in cash.

7. Sent a check for $2,570 to pay electric bill.

8. Performed services for $25,800 in cash.

9. Paid $5,320 in cash for auto repairs.

10. Performed services for $27,600 on account.

Leading guitar string producer wound up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. one of wound up's competitors, however, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. wound up's competitive advantage is in danger due to a. a lack of perceived value b. a lack of organization c. direct imitation and substitution d. resource immobility