To connect the items, click the example, and then click the SWOT item. Emi's company teaches Japanese language lessons, and interest in the Japanese language and culture has been increasing.

Grace's cleaning service is always punctual, thorough, and reliable.

A new large bookstore opens in the same neighborhood as Joel's small bookstore.

Sebastian's furniture production process takes a long time, so it's hard to adjust to changes in demand quickly.

Threats

Weaknesses

Strengths

Opportunities

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.

Why should managers invest any excess cash