Answer:
You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of your balance will remain?
The percent balance will remain 90%
Explanation:
$1725.25 - $167.50= $1557.75
percentage left= 1557.75/1725.25 X 100
percentage left= 90.291= 90.30%
Answer:
violates the matching principle
Explanation:
The direct write-off method is an accounting method for recognizing bad debts expense arising from credit sales when individual invoices has been identified as uncollectible.
In Accounting, one of the weaknesses of the direct write-off method is that it violates the matching principle.
The direct write-off method is a method of accounting for uncollectible receivables.
The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.
<h3>What is a journal entry?</h3>
It should be noted that a journal entry is used to record the financial activities of a company.
In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.
Learn more about inventory on:
brainly.com/question/24868116
Answer: Contact the top level of the management who is not involve in the ethical conflict
Explanation:
According to the given scenario, an employees of an organization are basically dissatisfied with the various types of resolutions of given ethical conflicts made by the company's supervisors.
On the basis of the institute management accountants, the employees next step is the contact with the top level management and involve them in the decision of an ethical conflicts so that they provide an effective resolution based on the given situation.
Therefore, The given answer is the correct answer.
Answer:
$759,000
Explanation:
Preparation of a schedule showing the amount at which the ovens should be recorded in Great Harvest’s Equipment account.
Purchase price 690,000
Add Freight costs 30,000
Add Electrical connection 4,000
Add Labor costs 32,800
Add Bread dough used in testing the oven 800
Add Safety Guards 1,400
Total cost of equipment $759,000
Therefore the amount at which the ovens should be recorded in Great Harvest’s Equipment account will be $759,000
