Question 3 (5 points) The adjustment to record supplies used during the period wc
following?
Debit Supplies Expense; credit Supplies
Debit Supplies Expense; credit Cash
Debit Supplies; credit Cash
Debit Supplies; credit Supplies Expense

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?